Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM).The acquisition, which is subject to cust

Crypto financial services firm Anchorage Digital is expanding into the stablecoin trade with its acquisition of Mountain Protocol, according to an announcement on Monday. The move coincides with Mountain’s decision to “commence the orderly winddown o

The Global Dollar Network (GDN), a stablecoin consortium co-founded by Paxos, Robinhood, Kraken, Anchorage Digital, Galaxy Digital, Bullish and Nuvei, has added 19 new members as it pushes to grow adoption of its U.S. dollar-backed stablecoin, USDG.T

Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry. Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regu

Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’s failure on partisan politics during a Senate speech on May 8.Scott said the vote, which failed to reach cloture in t

Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious. Many seasoned professionals in finance, wealth management and economics of

US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.According to an April 29 Politico report, Thune made the comments in a clo

Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as com

Wallet provider MetaMask is launching a crypto payments card that will allow users to spend self-custodied funds, offering crypto holders additional ways to use their tokens.The new card is backed by Mastercard and is being developed in partnership w

Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doub

Payments behemoth PayPal plans to offer a 3.7% yield on balances held in its PayPal USD stablecoin.According to an April 23 Bloomberg report, a PayPal representative said that the measure aims to encourage more usage of the firm’s stablecoin. The new

The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.According to a policy paper seen

Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.Speaking at

Stablecoins are the single best tool for the United States government to maintain the US dollar's hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino.In an interview with Cointelegraph, the CEO of LayerZ

Stablecoin firm Circle, the issuer of the USDC dollar-pegged token, might delay its planned initial public offering (IPO) amid macroeconomic uncertainty over US President Donald Trump’s trade policies, the The Wall Street Journal reported.Circle reg

Circle appears set to become the second-largest pure-play crypto firm to go public in the U.S., after filing a prospectus with the SEC on Tuesday. The move marks a tremendous step forward for the firm, which had canceled a previous attempt at a publi

USDC stablecoin issuer Circle Internet Financial filed a prospectus for an initial public offering with the U.S. Securities and Exchange Commission on Tuesday, according to a filing.This comes a day after the company said it had confidentially submit

Crypto stablecoin issuer Circle Internet Group has filed with the US Securities and Exchange Commission to go public on the New York Stock Exchange.The USDC issuer is planning to list its Class A common stock under the symbol “CRCL,” according to it

By Connor Hart and Vicky Ge HuangCircle Internet Group, one of the crypto industry's biggest players, has filed with U.S. securities regulators to go public.Circle, whose core business maintains a U.S.-dollar-based stablecoin, didn't say Tuesday how

Ripple USD stablecoin, RLUSD, is gaining significant traction in the market, with the recently released February attestation report highlighting growth.In a tweet, Jack McDonald, SVP of Stablecoins at Ripple, stated that the February monthly independ