Tag: Stablecoin

US Senate will pass Stablecoin bill — Digital Chamber chief

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The stalling of key stablecoin legislation in the United States Senate was a minor setback, and the bill will pass in the coming weeks, said Cody Carbone, CEO of Digital Chamber, a Washington, DC,-based blockchain trade association and advocacy group. Speaking to Cointelegraph at Consensus 2025, Carbone argued it is in the best interests of the US to pass comprehensive stablecoin regulations to protect US dollar hegemony in global markets, which has bipartisan appeal and support. Carbone said: “These things never move as quickly as we want them to move,…

FTX stablecoin payouts and ETF inflows could boost Bitcoin in June

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Bitcoin could benefit from favorable market conditions through July, before seasonal headwinds and tariff deadlines take effect, analysts say. Bitcoin (BTC) has jumped more than 25% since April, and it’s now holding near $106,000 with several signs pointing to more upside in the coming weeks, analysts at Matrixport say. In a Friday report, the analysts suggested that a new all-time high might be within reach due to several positive catalysts on the horizon. According to the report, Bitcoin has surged back to the upper end of its range at $106,000,…

Stablecoin regulation ‘next catalyst’ for crypto industry — Aptos head

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Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped onto this [stablecoins],” adding that “the US is […] at the doorstep.” “I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the…

Canada lags with stablecoin approach, but there’s room to catch up

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The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook markets and turned many lawmakers against the crypto industry. Regulating stablecoins as a security has seen few local stablecoin issuers arise, but in the United States and the European Union, softening regulations have seen significant growth in the stablecoin market. This makes Canada, observers say, less competitive with other jurisdictions. …

US Senate Prepares Stablecoin GENIUS Act Vote by May 26

Key Notes Gillibrand highlighted significant refinements in the bipartisan stablecoin bill, focusing on consumer protection, bankruptcy protocols, and issuer requirements. The stablecoin bill faced setbacks when Senate Democrats withdrew support, citing concerns over Trump-affiliated crypto projects. The crypto industry is pushing for the GENIUS Act and a Republican-led market structure bill to pass before the midterm elections in 2026. While speaking at an event by Stand By Crypto, crypto-friendly Republican Senator Cynthia Lummis stated that she expects the GENIUS Act for US-based stablecoins to be passed on Memorial Day, May…

COIN Stock in Focus as Coinbase CEO Pushes for Stablecoin Bill

Key Notes Armstrong expressed optimism about achieving “meaningful laws” soon while building a market structure for stablecoin use. Following its $2.9 billion acquisition of Deribit, Armstrong highlighted Coinbase’s ongoing pursuit of mergers and acquisitions. Coinbase (COIN) shares have rallied 30% in the past week, driven by strong Q1 2025 results and its historic inclusion in the S&P 500 index. Coinbase Global Inc (NASDAQ: COIN) stock has been on investors’ radar recently following a sharp 30% rally over the past week, on the backdrop of strong Q1 2025 results, and the…

Kima joins Mastercard sandbox to enable stablecoin card top-ups

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Decentralized settlement protocol Kima has integrated into Mastercard’s sandbox program, enabling stablecoin-powered top-ups for prepaid cards directly from self-custody wallets. According to an announcement shared with Cointelegraph, Mastercard partners can now rely on Kima’s settlement infrastructure to allow their prepaid cards to be topped up with stablecoins, including USDC (USDC) and Tether’s USDt (USDT), from self-custody wallets across more than 10 blockchains. Kima CEO Eitan Katz said the integration shows that stablecoins can be practical for everyday use and remove friction and intermediaries from crypto-to-fiat conversions while expanding crypto usability.…

Coinbase backs Canadian stablecoin issuer

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Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto. According to Coinbase Canada’s CEO, Lucas Matheson, the exchange is investing an undisclosed amount in Stablecorp and will help market its fiat-collateralized stablecoin, QCAD. “It’s really important that we have a stablecoin for Canadians,” Matheson told Cointelegraph in an exclusive interview on May 13, adding that stablecoins are especially urgent because the country has “no peer-to-peer [payment] rail” and “wire…

Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here

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Key Takeaways: Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it’s altseason. USDT dominance could drop to 2022 lows, indicating an accelerating capital rotation into Bitcoin and other cryptocurrencies. The cryptocurrency market shows signs that an altseason, a period where altcoins significantly outperform Bitcoin (BTC), could be on the horizon. Technical charts and market sentiment align to suggest that May 2025 might start a broader altcoin rally, driven by key indicators and shifting capital flows. The TOTAL2 chart, representing the total market capitalization…

Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol

Crypto bank Anchorage Digital has announced an agreement to acquire Mountain Protocol, the issuer of the USDM stablecoin. Expanding Anchorage’s Stablecoin Capabilities Anchorage Digital, federally chartered crypto bank in the U.S., has announced an agreement to acquire Mountain Protocol, the company behind the USDM stablecoin. The deal, which is still subject to regulatory approval, integrates […] Source CryptoX Portal