Meta’s USDC pilot draws fire as Senator Warren demands stablecoin transparency
Warren’s letter asks Mark Zuckerberg to explain by May 20 which stablecoins and wallets Meta is using, how it selects issuers like Circle, what data...
Tag : stablecoin
US Senator questions Mark Zuckerberg on Meta’s stablecoin plans
Massachusetts Senator Elizabeth Warren called on Meta CEO Mark Zuckerberg to answer questions about the company’s stablecoin integration in 2026, signaling concerns about guardrails. In...
Exodus launches AI agent-focused stablecoin on Solana
Crypto wallet provider Exodus has launched XO Cash, a Solana-based stablecoin and software toolkit designed to let AI agents make payments and access services without...
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'
In brief Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield. The compromise would ban direct yield on stablecoins but...
Elizabeth Warren Wants Meta to Spill All on Stablecoin Plans Ahead of Clarity Act Votes
In brief Elizabeth Warren pushed Meta to fully reveal its stablecoin plans before the Senate votes on the Clarity Act. Warren warned Meta’s push into...
CLARITY Act: Banking Lobby Targets Stablecoin Bill in Crypto Policy War
Five of the most powerful banking trade groups in the United States are allegedly running a coordinated campaign to kill the CLARITY Act. This is...
Polygon reduces block time amid stablecoin push
Polygon has reduced its average block time to 1.75 seconds as the network expands infrastructure built around stablecoin payments and institutional settlement tools. Summary Polygon...
Clarity Act edges toward Senate markup as stablecoin fight narrows options for crypto yield
Stablecoin yield compromise puts CLARITY back in motion. Summary The CLARITY Act is moving toward a key Senate Banking Committee markup expected as soon as...
Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Kraken’s $600 million acquisition of Reap folds a Hong Kong stablecoin business‑payments specialist into its stack, with Payward issuing stock at a $20 billion valuation...
Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg
In brief Kraken parent Payward Inc. agreed to pay $600 million for Reap Technologies, a Hong Kong-based stablecoin payments provider. The deal combines cash and...