SocGen’s Crypto Arm to Launch Dollar Denominated Stablecoin on Ethereum, Reports Say
The stablecoin, initially for institutional investors, follows the launch of SG Forge’s euro stablecoin, EURCV.
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Stablecoins
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.
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
The Senate’s stablecoin bill’s issues may delay work on the far more important market structure legislation.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Mastercard’s new global system aims to make stablecoin transactions as seamless as traditional payments.
Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing.