U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill
The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto IRS effort.
Stablecoins
Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill
Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.
Fidelity Investments Prepares to Unveil Its Own Stablecoin: FT
A Fidelity stablecoin could fill the role of cash in the blockchain-based version of its U.S. dollar money market fund
Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars
The fundraising was completed using PayPal’s PYUSD stablecoin and was led by Paradigm.
As House Panel Kicks Tires on Stablecoin Bill, Old-School Finance Giants Reveal Shift
In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY Mellon and a Wall Street super-lawyer further show a tradfi arrival.
Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether’s expansion aims to spur activity to the Bitcoin-based ecosystem.
EU Regulator Urges Nations to Ensure Compliance with Stablecoin Rules Soon
The European Union’s European Securities and Markets Authority wants nations in the EU to make sure that exchanges are complying with its stablecoin rules.
Tether Group to Establish Headquarters in El Salvador in Emerging Markets Push
The stablecoin behemoth is setting up shop for the group and its companies in the nascent crypto hub.