SEC Refines Stablecoin Accounting Standards in Regulatory Modernization Push
The US Securities and Exchange Commission has updated its staff guidance, proposing that USD stablecoins meeting specific safeguards.
Visa Makes Stablecoin Payments Easier with New Crypto Additions
Visa has added support for PayPal USD, Global Dollar, and Euro Coin—plus two new blockchain networks, Stellar and Avalanche—to its settlement system.
Bank of Korea Introduces Virtual Asset Division as Stablecoin Discussions Advance
The Bank of Korea (BOK) has launched a new division focused on virtual assets to oversee the cryptocurrency market and participate in legislative discussions.
Hong Kong Bans Unlicensed Stablecoin Promotions—Jail Time Possible
Hong Kong is taking a hardline stance against unregulated stablecoin promotions, with a new law taking effect August 1 that could land violators in jail for up to six months.
Anchorage Digital and Ethena Labs Pioneer GENIUS-Compliant Stablecoin in US
Anchorage Digital Bank is set to make history by issuing Ethena Labs’ USDtb—the first stablecoin designed for compliance with the GENIUS Act.
Western Union Embraces Stablecoins for Next-Gen Payments
Western Union is preparing to enter the stablecoin space, with plans to integrate digital assets into its wallet platform.
Conflux to Launch Offshore Yuan Stablecoin, CFX Jumps 57%
China’s Conflux Network plans to issue an offshore yuan-pegged stablecoin in partnership with AnchorX and Eastcompeace Technology, per a Shanghai government report.
