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GENIUS Act Passes Senate — But Big Stablecoin Challenges Remain
Stablecoins are back in the spotlight after the Senate finally passed the GENIUS Act — a key milestone in creating clear rules of the road for crypto firms to follow. The bill would require issuers to fully back their stablecoins with U.S. dollars, and licensing would depend on the total market capitalization of their digital assets.
Issuers of digital currencies need Treasury bills for their reserves, but analysts say the consequences are uncertain.
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
From the Trump family's latest tech venture, to why stablecoin market capitalization has hit a record high, Ciara Lee rounds ...
The XRP price has dropped slightly in the last 24 hours as this Bitcoin gifting presale crypto heads for $8 million.
Visa stays strong despite stablecoin concerns thanks to its strong fundamentals, trust, global reach, and digital ties. See ...
Shares of stablecoin issuer Circle and crypto exchange Coinbase surged on Wednesday after the U.S. Senate passed a landmark ...
The passage of stablecoin legislation in the US Senate marks a huge leap forward for the potential mainstreaming of ...
Yellow Card, the leading licensed stablecoin payments orchestrator for Africa and the emerging world, announced a partnership ...
The U.S. Senate has passed a bill to create a regulatory framework for stablecoins, a once-niche corner of the crypto ...
Payment card giant Visa (V) has expanded its stablecoin capabilities across the Central and Eastern Europe, Middle East, and ...
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