Bank of England Softens ‘Overly Conservative’ Stablecoin Plans Amid Industry Pressure
In brief The Bank of England is reportedly reconsidering parts of its stablecoin plan. A 40% reserve floor could cost issuers £11.2 million per £1...
Tag : stablecoin
JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like...
Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and...
Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
In brief Bank of England Governor Andrew Bailey warned that U.S. dollar tokens could flood Britain in a crisis. The GENIUS Act lets issuers redeem...
Corpay launches stablecoin wallets for 800,000 clients
Corpay has launched stablecoin wallets for its 800,000 business clients through a new partnership with BVNK. Summary Corpay’s integration with BVNK lets clients hold, send,...
Circle stock rallies 15% as Wall Street sees further upside in stablecoin adoption
Shares of stablecoin issuer Circle surged Monday after the company reported mostly upbeat earnings and disclosed that a major crypto venture capital fund had purchased...
Kraken’s $600M stablecoin firm, Huione scandal deepens, Asia Express
Everything that happened in crypto news in Asia over the past seven days: Asia Express. In this issue Kraken’s parent buys Hong Kong payments firm...
Circle Gives AI Agents USDC Stablecoin Powers Alongside $222M Arc Token Sale
In brief Circle launched Agent Stack, a suite of tools letting AI agents autonomously hold funds, make payments, and hire other services using USDC stablecoins....
Augustus gets conditional OCC approval for AI and stablecoin bank
Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank...
England central banker says global stablecoin rules will ‘wrestle’ with US
Bank of England Governor Andrew Bailey said international regulators will have to “wrestle” with the US over global rules for stablecoins, which are largely denominated...