Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says
The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.
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The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.
The U.S. crypto bills are similar but must work out matters of acceptable foreign oversight, who regulates in the U.S. and on Big Tech issuers, the top lawmaker said.
The country’s market regulator’s proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.
Stablecoins are one of the fastest-growing sectors in crypto and an increasingly popular tool for global payments, attracting interest from venture capital investments.
The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.
The stablecoin, initially for institutional investors, follows the launch of SG Forge’s euro stablecoin, EURCV.
At least 60 Senators voted in favor of the GENIUS Act on Monday night.
The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.
Senator Bill Hagerty, who backed the Senate’s version of the legislation, predicted the body will “make history” next week by passing the bill.
A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing “major victories” in the Senate negotiation.