Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027
In brief Japan’s MUFG Bank, Mizuho Bank, and SMBC have established a council to develop operational frameworks for stablecoin issuance. The banks plan to launch...
Tag : stablecoin
Japan’s three megabanks target joint yen stablecoin by March 2027
MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to start live transactions with a jointly issued stablecoin during fiscal year 2026. Japan’s fiscal...
Paradigm challenges FDIC over controversial stablecoin yield ban
Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms...
GENIUS Act deadline puts stablecoin issuers on notice
The GENIUS Act is moving into a key rulemaking stage as digital dollar users and stablecoin issuers face a June 9, 2026 deadline for comments...
Brad Sherman slams stablecoin tax refunds as tax evasion tool
Brad Sherman has criticized proposals to distribute government payments through stablecoins, warning during a congressional hearing that such a system could support tax evasion while...
Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns
In brief Rep. Brad Sherman said allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar” built to “facilitate a tax-evasion economy.”...
Visa tests private stablecoin settlement with Brale, Canton
Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure...
Bybit joins Western Union’s new USDPT network as stablecoin expands distribution
Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading...
Mastercard Expands Stablecoin Settlement via Circle's USDC, Ripple's RLUSD and Beyond
In brief Mastercard is enhancing its stablecoin settlement functionality for credit card transactions. The firm will support settlement of regulated stablecoins like Ripple’s RLUSD, Circle’s...
Tether Debuts Tokenized Gold Stablecoin Visa Card That Pays Out Crypto Rewards
In brief Tether is launching a new gold-backed stablecoin card in collaboration with Fasset that pays cashback rewards in digital gold. The card spends from...