adminStablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise
In recent developments, bitwise investment chief Matt Hougan says projections tipping stablecoins to hit $4 trillion in value by 2030 could happen if major tech firms continue to adopt them.…
Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules
In recent developments, circle urged the OCC to finalize clear, consistently applied GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework should support reliable redemption and…
OpenTrade raises $17M as CEO sees stablecoin yield tailwinds
In recent developments, openTrade raised $17 million to expand its stablecoin yield platform, bringing total funding above $30 million as it scales stablecoin yield infrastructure for global clients. Looking closer,…
Stablecoin industry opposes Bank of England’s unhosted wallet ban
In recent developments, the crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins. Looking closer, market participants…
Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
In recent developments, circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s…
Polygon rolls out private stablecoin payments targeting institutions
In recent developments, the new wallet feature hides senders, receivers and amounts onchain while maintaining compliance through know your transaction screening and auditable files. Looking closer, market participants highlight key…
Stablecoin proposal still ‘falls short’ of protecting bank deposits: US b…
In recent developments, uS Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for…
Western Union begins USDPT stablecoin rollout on Solana
In recent developments, western Union is one of several remittance firms that announced stablecoin plans after the US passed the stablecoin-friendly GENIUS Act in July. Looking closer, market participants highlight…
Stablecoin firms have a $112B additional opportunity in LATAM remittance: Bybit
In recent developments, the US-to-Mexico remittance corridor, while still the largest, shrank 4.5% in 2025 as other Latin American corridors grew. Looking closer, market participants highlight key drivers such as…
Morgan Stanley Targets BlackRock With Money Market Fund for Stablecoin Issuers
In recent developments, morgan Stanley debuted a money market fund intended for stablecoin issuers, billing the product as a way for companies to manage reserves. Looking closer, market participants highlight…