Major U.S. banks are accelerating efforts to integrate stablecoins into their operations following the passage of the GENIUS Act, a law signed this summer by President Donald Trump that created a regulatory framework for dollar-pegged digital tokens. Institutions including JPMorgan, Bank of America, and Citi are actively developing interbank payment systems and customer-facing … [Read more...] about Wall Street pivots to stablecoins as Trump-backed regulation redefines crypto banking
China’s tech giants push for offshore yuan stablecoins amid global crypto race
In a significant move that could signal a shift in China’s crypto policy, tech giants JD.com and Ant Group, an affiliate of Alibaba, are reportedly urging the People’s Bank of China (PBOC) to approve yuan-pegged stablecoins. The proposal aims to counter the growing dominance of U.S. dollar-linked cryptocurrencies and boost international use of the Chinese currency. … [Read more...] about China’s tech giants push for offshore yuan stablecoins amid global crypto race