The Bitcoin Policy Institute (BPI) has released a new policy proposal for the United States aimed at establishing what it calls “stablecoin supremacy.” The proposal, published on Wednesday, is structured around five policy areas and comes on the heels of the already-enacted GENIUS Act. Bitcoin Policy Institute Warning At the center of BPI’s argument is…
Tag: Stablecoin news
JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats
JPMorgan CEO, Jamie Dimon, warned investors in his latest annual letter that the bank must accelerate its efforts in blockchain technology to meet mounting competition from the crypto sector. Dimon told shareholders that a “whole new set of competitors” has emerged around blockchain-based products — including stablecoins, smart contracts, and broader tokenization — and that…
FDIC Advances Rulemaking For GENIUS Act: New Framework For Stablecoin Issuers
The Federal Deposit Insurance Corporation (FDIC) has moved to translate the country’s first crypto bill for stablecoins, the GENIUS Act, into concrete regulatory guidance for banks and their fintech subsidiaries that wish to use or issue stablecoins. In a notice of proposed rulemaking approved by the FDIC Board, the agency lays out “a prudential framework”…
Expert Forecasts $5 Trillions Pouring Into Crypto Post CLARITY Act Passage
Although final passage of the CLARITY Act—commonly referred to as the crypto market structure bill —has been delayed in Congress, some experts believe its eventual approval could unleash an unprecedented wave of capital into the crypto sector. Trillions On Hold In a recent post on X (previously Twitter), the expert known as 360Trader argued that…
China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particularly amid concerns that the US may have solidified its dollar dominance through these…
Stripe And Paradigm Announce Tempo, A New Layer-1 Blockchain For Stablecoins
Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1 (L1) blockchain, designed specifically around stablecoins, aims to streamline digital transactions and enhance payment efficiency. Stripe And Paradigm’s New Payment Solution Tempo emerges as part of a growing trend of Layer-1 blockchains dedicated to stablecoin…
Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters
American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call. As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender…
Circle Soars 168% In First Day Of Trading On NYSE Following Strong IPO
Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE). Circle’s IPO Exceeds Expectations Circle’s stock opened at $69, well above its IPO pricing of $31. Throughout the day, the shares…
World Liberty Financial Unveils USD1: A New Stablecoin In Trump’s Growing Crypto Portfolio
According to recent reports, President Donald Trump’s crypto venture, the decentralized finance (DeFi) platform World Liberty Financial (WLFI), has unveiled a new stablecoin called USD1. This token, pegged to the US dollar, is now live on the Ethereum (ETH) and Binance blockchains, although the launch was not officially announced by the company on Monday March…