FDIC Charts Course for Financial Institutions to Issue Stablecoins
In a continued rollout of the GENIUS Act, the FDIC has proposed a formal application rule for payment stablecoin issuance.
In a continued rollout of the GENIUS Act, the FDIC has proposed a formal application rule for payment stablecoin issuance.
Crypto asset ownership in the UK has fallen to 8% of adults, down from 12% in 2024, based on a YouGov survey for the Financial Conduct Authority.
Blockchain firm Startale Group and financial conglomerate SBI Holdings have partnered to issue a Japanese yen stablecoin.
Inflows into crypto-linked exchange-traded products totaled US$864 million last week, making it the third consecutive week of positive flows.
The UK Treasury plans to subject crypto assets to the same regulatory treatment as traditional financial products starting in 2027.
The founder of Terraform Labs, who pleaded guilty to fraud charges, is set to appear in a New York federal court for the judgment.
The debt was issued for Galaxy Digital Holdings, marking a progressive move by a leading Wall Street institution into digital asset utilization.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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