Tag: Stablecoin

UK FCA Opens Consultation on Stablecoin, Crypto Custody

Key Notes FCA invites public input on stablecoin and crypto custody regulations. Deadline for submitting feedback is July 31, 2025. Rules aim to boost market integrity and prevent crypto firm failures. The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has asked the public to provide feedback on proposed regulations on cryptocurrency and stablecoins. The FCA announced this update in a May 28 press release, outlining new proposals that businesses must comply with before launching stablecoins or providing crypto custody services. In the statement, the UK financial regulator highlighted…

HTX Research: A Fresh Look at Bitcoin Amidst Macro Changes, Featuring HTX’s New Compliant Stablecoin Offerings

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This content is provided by a sponsor. PRESS RELEASE. Singapore, May 28, 2025 – HTX Research, the research arm of HTX, has just released a crucial new report: “The New Macroeconomic Landscape and Bitcoin Outlook: An Analysis of Liquidity, Risk Appetite, Policy Dynamics, and Investment Strategy.“ This comprehensive analysis comes at a pivotal time, as […] Original

Air Arabia Adopts AED stablecoin for Payments in the UAE

Key Notes Air Arabia plans on accepting cryptocurrency as payment for flight bookings. The airline is partnering with Mbank to accept AE Coin. Payments can be made via the AEC Wallet app. UAE airline Air Arabia has announced that it will now allow customers to pay for services using AE Coin, a regulated stablecoin backed by the UAE Dirham (AED). AE Coin is the first stablecoin to receive approval from the Central Bank of the UAE. Air Arabia has partnered with Al Maryah Community Bank (Mbank), the issuer of the…

Stablecoin and blockchain bills signal regulatory momentum

In this week’s episode of Byte-Sized Insight, on Decentralize with Cryptox, we break down a pivotal moment for US crypto legislation.  In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act, backed by bipartisan support. Breaking down GENIUS The GENIUS Act — short for “Guiding and Establishing National Innovation for U.S. Stablecoins Act” — seeks to answer foundational questions around…

US big banks hold early talks on joint crypto stablecoin: WSJ

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Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin. Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin The Wall Street Journal reported on May 22, citing people familiar with the matter. Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House. The discussions are still in the early stages, and a final…

XRP Ledger Gets Its First MiCA-Regulated Euro Stablecoin

XRP Ledger enters the MiCA era with its first fully compliant euro stablecoin, unlocking institutional-grade euro payments, stablecoin utility, and real-world asset tokenization. MiCA-Compliant Euro Stablecoin Hits XRP Ledger Ripple shared on May 22 that Schuman Financial’s euro-backed stablecoin, EURØP, has become the first to launch on the XRP Ledger (XRPL) in full compliance with […] Source CryptoX Portal

Senators plan to amend GENIUS Act to address Trump family’s stablecoin

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Though a majority of members of the US Senate voted to advance a bill to regulate payment stablecoins on May 20, high-ranking Democrats are planning to propose an amendment to the legislation to address President Donald Trump’s connections to the cryptocurrency industry. According to a May 22 Axios report, Senate Minority Leader Chuck Schumer and Senators Elizabeth Warren and Jeff Merkley will file an amendment to the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, to block a US president from profiting from stablecoins. The proposed…

World’s Largest Crypto Exchange by Trading Volume Binance Adds Support for Trump-Linked World Liberty Financial Stablecoin

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The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep…

Global Dollar Stablecoin Eyes Hundreds of Partners Attracted by Yield, Sees ‘Big Names’ From TradFi

It’s early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners. USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining…

Trump’s crypto czar David Sacks says stablecoin bill is ‘going to pass’

David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to clear the filibuster threshold. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets. Sacks said the bill…