Tag: Stablecoin

Stablecoin Market Cap Hits All-Time High of $318.6B, Eyes $320 Billion Milestone – Crypto News Bitcoin News

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Key Takeaways: The stablecoin market hit an all-time high of $318.6B, needing just $1.4B to reach $320B. USDC gained $1.27B in seven days while Ethena’s USDe has fallen 60.61% since October 2025. Blackrock’s BUIDL posted the week’s top gain at 5.29%, signaling rising institutional demand. Stablecoin Sector Just $1.4 Billion Away From $320 Billion Milestone Figures compiled by defillama.com show the stablecoin economy expanded by 0.43% over the past week. At $318.605 billion, the sector needs just $1.395 billion more, or 0.438%, to reach the $320 billion milestone. Tether (…

White House Weighs Stablecoin Policy as CLARITY Act Looms

The White House Council of Economic Advisers released a formal analysis on Tuesday, concluding that allowing stablecoin issuers to pay investors a yield on their holdings would produce only marginal displacement of bank lending, directly contradicting warnings from the banking industry that have stalled the CLARITY Act in the Senate Banking Committee since January 2026. The report, published April 9, 2026, quantifies the banking sector’s claimed exposure as dramatically overstated, projecting that permitting stablecoin yield would increase bank lending by just $2.1Bn, approximately 0.02% of total loans outstanding, rather than…

Hong Kong Grants First Stablecoin Licences to HSBC, Standard Chartered Consortium – Crypto News Bitcoin News

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Key Takeaways HKMA granted 2 licences to HSBC and a Standard Chartered-led group, advancing Hong Kong crypto plans. New rules require $3 million (HK$25 million) capital and 1-day redemption, boosting trust but limiting yields. HSBC plans HKD stablecoin in H2 2026, targeting payments and cross-border finance growth. New Stablecoin Licences Advance Crypto Push for Hong Kong Hong Kong has granted its first stablecoin issuer licences to HSBC and a consortium led by Standard Chartered. This marks a key milestone in the city’s push to establish itself as a global center…

Hong Kong Issues First Stablecoin Issuer Licenses

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Update April 10, 2026, 10 am UTC: This article has been updated to add more details from the announcement. Hong Kong has granted its first stablecoin issuer licenses, approving Anchorpoint Financial and the Hongkong and Shanghai Banking Corporation under a new regulatory framework overseen by the Hong Kong Monetary Authority (HKMA).  The HKMA announced the initial batch of licensees on Friday, marking the first approvals under its stablecoin regime.  Anchorpoint Financial is the stablecoin joint venture formed by Standard Chartered Bank (Hong Kong), Animoca Brands and Hong Kong Telecommunications. The…

East Africa Leads Stablecoin FX Compression in Q1 2026, Borderless Benchmark Reports – Crypto News Bitcoin News

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Key Takeaways: The Borderless Benchmark Q1 2026 report analyzed 1.15 million rate observations across 51 currencies. East Africa’s KES, TZS, and RWF pricing gaps compressed 60-81% as multi-provider competition intensified in Q1 2026. Zambia’s ZMW widened 701 bps in five weeks, signaling frontier corridor volatility will shape Q2 2026 operations. Borderless Benchmark Q1 2026: Brazil Real Hits 0 bps Execution Cost, Kenya Tightens 81% The report, built on 1,147,767 rate observations across 51 currencies and 90 calendar days on the Borderless network, divides the stablecoin foreign exchange market into three…

Stablecoin Volumes Could Hit $1.5 Quadrillion in a Decade: Chainalysis

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Blockchain analysis firm Chainalysis estimates that stablecoin volumes could hit a lofty $1.5 quadrillion within the next decade, beating the total volume of global cross-border payments today.  In a report on Wednesday, the Chainalysis team said that adjusted stablecoin volume could hit $719 trillion by 2035 just through organic growth, up from $28 trillion in 2025. However, this figure could double by 2035 if two major catalysts come into play, said Chainalysis — the baby boomer generation passing $100 trillion in wealth to a crypto-loving generation and stablecoins knocking over…

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

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Key Takeaways: FinCEN and OFAC issued a joint NPRM on April 8, 2026, requiring stablecoin issuers to comply with Bank Secrecy Act obligations. The GENIUS Act, enacted July 18, 2025, gives issuers like Circle and Tether roughly 60 days to submit public comments. Permitted payment stablecoin issuers must deploy technical controls to block, freeze, and reject transactions violating U.S. sanctions. New Federal Rules Require Stablecoin Issuers to Block Sanctioned Transactions The joint Notice of Proposed Rulemaking from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control implements…

Ethereum Stablecoin Value Hits All-Time High of $180 Billion

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The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal. Ethereum holds 60% of the stablecoin supply at $180 billion, which is up 150% over the past three years, the firm reported Tuesday. The company projected that around $1.7 trillion is expected to come onchain across all networks over the next four years and that Ethereum could see $850 billion in “new flows” by 2030, if it grows 470% in that time.  Standard Chartered predicted in…

FDIC Advances Rulemaking For GENIUS Act: New Framework For Stablecoin Issuers

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The Federal Deposit Insurance Corporation (FDIC) has moved to translate the country’s first crypto bill for stablecoins, the GENIUS Act, into concrete regulatory guidance for banks and their fintech subsidiaries that wish to use or issue stablecoins.  In a notice of proposed rulemaking approved by the FDIC Board, the agency lays out “a prudential framework” for FDIC‑supervised permitted payment stablecoin issuers (PPSIs) and for insured depository institutions (IDIs) that provide custodial or safekeeping services tied to payment stablecoins. FDIC Issues GENIUS Act Rules The proposal addresses several core areas required…

FDIC Proposes Rules For Stablecoin Issuers under GENIUS Act

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The US Federal Deposit Insurance Corporation (FDIC) has proposed new rules to regulate FDIC-supervised stablecoin issuers in accordance with the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which was signed into law nine months ago. In a statement on Tuesday, the FDIC said its board of directors voted to issue a proposal that would set reserve, redemption, capital, risk management and custody standards for stablecoin issuers and insured depository institutions under its supervision. Source: FDIC The FDIC insures deposits at more than 4,000 financial institutions and supervises…