The FDIC is launching a 60-day public remark interval for its first rule proposal underneath the GENIUS Act, which creates a pathway for banks to situation stablecoins by means of subsidiaries. The proposal establishes a “tailor-made” utility course of with a 120-day overview window and an appeals system to minimiseContinue Reading
Circle is ready to accumulate the engineering group and proprietary know-how from Interop Labs, the preliminary developer of the Axelar cross-chain community. The acquisition goals to strengthen Circle’s interoperability efforts by integrating Interop’s experience into Circle’s enterprise blockchain (Arc) and its native cross-chain switch answer (CCTP) for USDC. Axelar willContinue Reading
Pakistan signed a Memorandum of Understanding (MOU) with Binance to discover the tokenisation of as much as $2 billion of presidency property, together with sovereign bonds, treasury payments, and commodity reserves. The finance ministry intends for the plan to check whether or not blockchain-based distribution of those real-world property RWAsContinue Reading
The Australian Securities and Investments Fee (ASIC) has issued a “class aid” which considerably lowers the licensing hurdle for intermediaries dealing with stablecoins and wrapped tokens on secondary markets. This aid means exchanges, brokers, and fintechs now not want a separate Australian Monetary Providers (AFS) license for this exercise, makingContinue Reading
J.P. Morgan organized a US$50m (AU$77m) tokenised business paper issuance for Galaxy Digital on Solana, bought by Coinbase and Franklin Templeton. The deal used USDC for each issuance and redemption, with J.P. Morgan creating the USCP token and overseeing blockchain-based settlement. Galaxy, Coinbase, and Franklin Templeton mentioned the transaction displaysContinue Reading
Loop Crypto and Lead Financial institution are forming a partnership based mostly on the shared imaginative and prescient that stablecoins will quickly dominate world funds. The collaboration goals to supply a sooner, cheaper, and safer fee infrastructure than conventional banking flows by combining Loop’s crypto processing tech with Lead FinancialContinue Reading
A brand new report from digital asset custody agency Zodia Custody argues that Australia’s economic system is approaching an inflection level that can see digital belongings, significantly stablecoins, quickly start to play a bigger function. Report contributor Joni Pirovich, founder and CEO of Crystal aOS, predicted that by 2030, we’llContinue Reading
A trial of tokenised US Treasury (UST) transactions on the Canton Community has showcased, for the primary time, that tokenised property will be handed between counterparties and reused. The undertaking includes a number of monetary establishments together with Circle, whose USDC stablecoin was mixed with USTs to settle transactions onchainContinue Reading
Western Union is planning to launch a brand new ‘steady card’ in excessive inflation economies to permit prospects to carry and transact in stablecoins. The ‘steady card’ is a part of Western Union’s broader stablecoin technique, which incorporates partnering with quite a few crypto on- and off-ramp suppliers and launchingContinue Reading
Securitize CEO Carlos Domingo acknowledged that tokenisation doesn’t magically make illiquid property liquid, because the underlying market profile of the asset stays the identical. He pressured that offering liquidity is as necessary as accessibility, noting that tokenising illiquid property didn’t create liquidity as many buyers had assumed. Domingo known asContinue Reading
