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All articles tagged with #stablecoins

US Regulators Propose Stablecoin Rules That Target Issuers, Not Every User
business20 days ago

US Regulators Propose Stablecoin Rules That Target Issuers, Not Every User

Federal regulators released a 60-day comment proposal that would require stablecoin issuers to perform bank-style customer identification for direct customers under CIP, while allowing ordinary users to move stablecoins on secondary markets without issuer data collection. Tied to the GENIUS Act, the plan aims to fit stablecoins into banking regulations without mandating universal end-user IDs, noting that tracking every holder would be nearly impossible and suggesting future whitelisting as a possibility. The proposal is non-final and could face pushback from traditional banks, but issuers would still retain powers to freeze or blacklist tokens.

via Gizmodo|
#aml#business#cip
Big US Banks Plan Tokenized Deposits as Counter to Crypto Startups
business1 month ago

Big US Banks Plan Tokenized Deposits as Counter to Crypto Startups

The four largest US banks—JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America—are collaborating through Clearing House to launch a tokenized deposit network that would issue digital versions of customer deposits, likely within traditional banking regulation and possibly on private/permissioned networks. The move is framed as a response to the rise of dollar‑backed stablecoins and ongoing crypto regulation discussions (Clarity Act), with JPMorgan already operating private platforms (Kinexys) and JPM Coin on Coinbase’s Base. The exact technical structure remains to be seen and will depend on final regulatory language.

via Gizmodo|
#banks#business#regulation
business1 month ago

Mastercard Enables Around-the-Clock On-Chain Settlements with Regulated Stablecoins

Mastercard is expanding its network to support on-chain settlement using regulated stablecoins (such as USDC, PYUSD, USDG, and USDP), enabling real-time, 24/7 cross-border payments. The push involves multiple partners—ARQ, Circle, Paxos, Ripple, Nuvei, Cross River, Lead Bank, and others—to integrate digital asset rails with traditional payments infrastructure, improving liquidity and settlement speed across global flows.

via Mastercard|
#business#cross-border-payments#mastercard
Clarity Act Could Lift ETH, SOL, and XRP Ahead of Senate Decision
business1 month ago

Clarity Act Could Lift ETH, SOL, and XRP Ahead of Senate Decision

As the Digital Asset Market Clarity Act moves to the Senate, Ethereum and Solana could benefit from provisions around stablecoins and blockchain adoption by financial institutions, while XRP stands to gain from safer on-chain integration for banks. With a White House target of July 4 for passage, the act could trigger a summer rally if these tokens receive regulatory clarity and institutional support.

via The Motley Fool|
#business#clarity-act#ethereum
Coinbase Dips as CLARITY Act Advances, CEO Voices Crypto Risks
market-news1 month ago

Coinbase Dips as CLARITY Act Advances, CEO Voices Crypto Risks

Coinbase and Robinhood shares fell after the Senate Banking Committee advanced the CLARITY Act, with traders taking profits after the initial optimism. Coinbase CEO Brian Armstrong remains critical of the bill, flagging restrictions on stablecoin yields, limits on tokenized equity, and DeFi surveillance provisions. The legislation still faces a tough path to 60 votes in the full Senate amid political hurdles. Analysts here rate COIN a Moderate Buy with a $247 12‑month target, implying about 16% upside as investors weigh regulatory risk.

via TipRanks|
#clarity-act#coinbase#market-news
politics1 month ago

Banks, Warren Align on Crypto Bill Ahead of Senate Vote

A high-stakes fight over a landmark crypto-regulation bill is reshaping Senate alliances: Wall Street banks back a Tillis–Alsobrooks compromise to curb crypto-yield rewards and stem potential deposits flight, while Elizabeth Warren and progressive Democrats push for tougher stablecoin restrictions. With most Republicans reluctant to concede, the banking lobby is pushing for more changes as the bill advances through the Senate Banking Committee, signaling a rare convergence between Warren and banks against some GOP allies and crypto interests.

via Politico|
#crypto#elizabeth-warren#politics
Banks warn Clarity Act tweak could enable stablecoin evasion
business2 months ago

Banks warn Clarity Act tweak could enable stablecoin evasion

A coalition of major banking trade groups criticizes a compromise in the Clarity Act that would ban stablecoin yield but allow certain rewards tied to balances or governance, arguing those exemptions could let crypto firms evade the prohibition. They urge tightening the language before a Senate Banking Committee vote, as lawmakers rush to advance digital-asset legislation amid looming elections and ongoing industry lobbying.

via Decrypt|
#banking#business#clarity-act
CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares
business2 months ago

CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares

Lawmakers revised the CLARITY Act to bar crypto firms from offering passive stablecoin yields, reserving such returns for traditional banks, while allowing usage-based rewards tied to activity like trading or staking. The compromise is a win for Circle and Coinbase, with Circle up about 16% and Coinbase more than 7% as markets digest the development; Bitcoin hovered near $79–80k. Banks welcomed the move for reducing deposit flight and enabling regulated digital-asset infrastructure, though smaller platforms reliant on high-yield deposits could face pressure.

via CNBC|
#business#circle#clarity-act
Clarity Act stablecoin yield deal clears path to Senate markup
policy2 months ago

Clarity Act stablecoin yield deal clears path to Senate markup

Senators Thom Tillis and Angela Alsobrooks finalized a compromise on the Clarity Act’s stablecoin yield provisions (Section 404), barring ‘covered parties’ from paying interest or yield on stablecoins while permitting activity-based rewards. Regulators must issue rules within a year, with civil penalties up to $5 million per violation and a two-year congressional report on stablecoin adoption, yields, and deposit impacts. The agreement ends months-long stalemate and paves a path for a Senate Banking Committee markup, with Coinbase CEO Brian Armstrong urging lawmakers to “mark it up” even as a markup date has not yet been set.

via The Block|
#clarity-act#coinbase#policy
Visa lifts outlook as Q2 revenue climbs 17%, backed by $33B buyback plan
business2 months ago

Visa lifts outlook as Q2 revenue climbs 17%, backed by $33B buyback plan

Visa reported Q2 FY2026 net revenue up 17% to $11.2B and EPS up 20%, prompting a raised full-year net revenue growth target to the low-double-digit to low-teens range and a $33B total buyback capacity. Growth drivers include value-added services, commercial/money-movement solutions, and stablecoin settlement, with acquisitions such as Prisma and Newpay cited. Near-term cross-border spend headwinds from geopolitical tensions in the CEMEA region are noted, but diversification and cross-border e-commerce support the outlook.

via Seeking Alpha|
#business#buybacks#earnings
Central banks warn US-stablecoins could deepen dollarisation in emerging markets
global-economy2 months ago

Central banks warn US-stablecoins could deepen dollarisation in emerging markets

Senior central bankers warn that the rapid rise of USD-denominated stablecoins used in international payments could accelerate dollarisation in emerging markets, threaten monetary sovereignty, and facilitate illicit activity and capital-control evasion; while some officials see faster, cheaper cross-border payments as a benefit, regulators are racing to craft rules and a BIS-led effort to tokenize deposits aims to counter the threat; EM holdings of dollar stablecoins could reach about $1.22tn by 2028, up from roughly $173bn today.

via Financial Times|
#dollarisation#emerging-markets#financial-stability