The FDIC Board of Administrators accepted a discover of proposed rulemaking on April 7, 2026 to implement key provisions of the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins Act (GENIUS Act) for federally supervised cost stablecoin issuers. Issuers can be required to again tokens with identifiable reserve property, redeemContinue Reading
Tether introduced it has engaged an unnamed Large 4 accounting agency to conduct the primary full impartial audit of the US$192 billion in reserves backing USDT. The corporate declined to determine the agency or present a completion timeline, extending a sample of audit guarantees relationship to a failed 2017 engagementContinue Reading
Coinbase reported a This autumn web lack of US$667 million, reversing a prior-year revenue and lacking analyst income expectations as crypto costs and buying and selling exercise cooled. The loss was primarily pushed by a US$718 million decline in funding portfolio worth and a forty five% drop in retail buyingContinue Reading
A public session of the UK’s Home of Lords Wednesday heard criticism of stablecoins together with that they’re just about ineffective outdoors of on- and off- ramping between fiat and crypto. Monetary Instances economics author, Chris Giles, argued that stablecoins are unlikely to have a lot affect on the broaderContinue Reading
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
Coinbase is in late-stage talks to accumulate London-based stablecoin infrastructure firm BVNK for roughly US$2 billion. The acquisition goals to increase Coinbase’s rising stablecoin income line, which contributed US$246 million in Q3 2025, representing 20% of the alternate’s complete income. This huge deal highlights the accelerating world company curiosity inContinue Reading
