US bank groups asked Congress to close a GENIUS Act gap that lets affiliates offer yield on stablecoins. They warn of $6.6T deposit outflows. Here is what it means for USDC, banks, and Bitcoin.

The White House wants to usher in a golden age of cryptocurrency and make the United States the “crypto capital of the world” ...

By Kanchana Chakravarty (Reuters) -Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday ...

When Congress passed the so-called “Genius Act” on stablecoin legislation last month with bipartisan support, it triggered another wave of speculation about just how much havoc these dollar-pegged ...

A Rachel Reeves and Bank of England clash risks derailing Britain’s stablecoin dream as the country plays catchup in the over ...

America’s top banking groups have urged Congress to close what they say is a loophole in the GENIUS Act that allows ...

Congress’s GENIUS Act backs Ethereum stablecoins, but Fed policy still warns on public chains, shaping bank strategies and ...

US banks and financial institutions are keen to take advantage of the stablecoin provisions put into US law by the GENIUS Act ...

The stablecoin issuer said revenue and reserve income increased due to more stablecoins in circulation after its IPO and the ...

Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens now that a ...

The plea marks the beginning of the end of the case over the $50 billion collapse in May 2022 of stablecoin TerraUSD.

Ethereum's token is rising today thanks to news of increasing support from large buyers. BitMine Immersion Technologies ...