Tag: Stablecoin

Coinbase CEO Urges U.S. Lawmakers to Pass Stablecoin Bill

Key Notes Coinbase CEO asks lawmakers to pass the GENIUS Act. The GENIUS Act is meant to regulate stablecoins. Armstrong has requested that lawmakers build on FIT21’s momentum. The CEO of a cryptocurrency exchange Coinbase has called on the Senate to accept the GENIUS Act. Using his X account, Brian Armstrong disclosed that he supported the “Senate starting debate on the GENIUS Act”. Congress has a real opportunity this week to advance stablecoin and market structure legislation. We strongly support the Senate starting debate on the GENIUS Act — and…

Ethena’s USDe Stablecoin Launches on Hyperliquid Exchange and HyperEVM

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Ethena’s USDe stablecoin is now live on Hyperliquid’s decentralized exchange and HyperEVM blockchain, enabling daily rewards for users and cross-chain DeFi integrations. Hyperliquid Users Earn Rewards via USDe Balances on Hypercore and HyperEVM The USDe stablecoin, developed by Ethena Labs, has launched on Hyperliquid’s exchange and HyperEVM network, marking its expansion within the Hyperliquid ecosystem. […] Source

Pro-crypto Democrats pull support for stablecoin bill in last minute

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A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico. Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes…

Trust, Not Size, Key to Stablecoin Success, Says Concordium CEO

Concordium CEO Boris Bohrer-Bilowitzki warns that excessive dollar dependence could lead to systemic instability, stressing the need for multi-currency diversification. He envisions stablecoins playing a key role in payment finance (PayFi), offering instant settlements, lower fees, and programmability. Stablecoin Concentration Around a Single Currency Presents Risks The stablecoin market has been overwhelmingly dominated by USD-pegged […] Source CryptoX Portal

$1.82T Stablecoin Boom Set to Speedrun Banking History, Says A16z

Andreessen Horowitz’s A16z crypto reports stablecoin volumes soaring to $1.82 trillion, igniting a payments revolution and accelerating adoption of instant, low-cost global finance infrastructure. $1.82 Trillion Stablecoin Explosion Sets off Payment Revolution in Global Finance Andreessen Horowitz’s crypto division, A16z crypto, highlighted a sharp rise in stablecoin activity in an April 25 editorial, reporting that […] Source CryptoX Portal

Record Stablecoin Liquidity Fuels Bitcoin’s Exit From Bearish Territory

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Bitcoin has exited its bearish phase as improving liquidity conditions and record stablecoin reserves signal renewed market strength, according to a recent report by blockchain analytics firm Cryptoquant. Stablecoin Surge Signals Bitcoin Recovery, Cryptoquant Reports The total market capitalization of stablecoins reached a record high, a threshold historically linked to upward momentum for bitcoin ( […] Original

Tether Launches New Stablecoin in U.S. Expansion Push

Key Notes Tether announced a new U.S.-based stablecoin at Token2049 Dubai. The stablecoin aims to meet U.S.regulatory standards and operate separately from USDT. CEO Paolo Ardoino is strengthening ties with U.S.lawmakers and regulators. . Stablecoin issuer Tether plans to launch a new dollar-pegged stablecoin based in the United States that will comply with domestic regulatory requirements. This new stablecoin is expected to operate independently from the existing USDT. Tether’s CEO, Paolo Ardoino, announced the development at Token2049 Dubai, revealing that the company is actively working with U.S. regulators to release…

Treasury Committee Eyes Stablecoin Boom Fueling US Bond Demand

Stablecoins are rapidly transforming U.S. Treasury demand, reshaping financial markets, and redefining the global role of the U.S. dollar. US Treasury Signals Stablecoin Boom Could Reshape Fiscal Strategy The U.S. Department of the Treasury published on April 30 the official minutes from the April 29, 2025, meeting of the Treasury Borrowing Advisory Committee, emphasizing the […] Source CryptoX Portal

U.S. Senate Moves Toward Action on Stablecoin Bill

The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major crypto bill. Senate Majority Leader John Thune, a South Dakota Republican, started the ball rolling to fast-track the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which is the Senate’s version of two similar bills rolling through both chambers of Congress. The House of Representatives is expected to follow closely behind on its own voting. Thune’s move to expedite…

SEC Ditches PayPal’s PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said. “In November 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requested the production of documents. In February 2025, the SEC communicated it was closing this inquiry without enforcement action,” PayPal disclosed this week in a filing. Wednesday’s filing marks the latest SEC move to…