Tag: Stablecoin

White House economists say stablecoin rewards pose minimal risk to banks

admin

Stablecoin rewards pose minimal risk to the banking sector, and prohibiting yields is unlikely to produce any meaningful increase in bank lending, according to a report released on April 8 by the White House Council of Economic Advisers (CEA). The report, titled ‘Effects of Stablecoin Yield Prohibition on Bank Lending,’ comes amid an intense lobbying battle between traditional banks and the crypto industry over whether stablecoins should be allowed to pay yield to their holders. Banks have argued that competitive returns on stablecoins would trigger roughly $6 trillion in withdrawals…

UBS, PostFinance, Others Partner For Swiss Franc Stablecoin Sandbox

admin

UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise and Swiss Stablecoin AG have launched a sandbox to test use cases for a Swiss franc stablecoin in Switzerland. Announced on Wednesday, the initiative will allow participating banks to test selected fanc stablecoin use cases in what the partners described as a secure digital live environment or sandbox. The group said the project is intended to build experience in handling digital payment methods. The sandbox will be conducted in 2026, with Swiss Stablecoin AG providing the issuance infrastructure. The project is…

UBS joins major banks to test Swiss franc stablecoin in sandbox

admin

UBS Group AG, Switzerland’s largest universal bank, has joined forces with five other major Swiss financial institutions to launch a sandbox initiative to test a Swiss franc–denominated stablecoin, according to a Wednesday press release. The partners are PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and Banque Cantonale Vaudoise. They are working alongside Swiss Stablecoin AG, which provides the technical backbone for issuance. The coordinated effort is aimed at advancing Switzerland’s digital money ecosystem. The initiative addresses the current absence of a widely used, regulated Swiss franc stablecoin by creating a controlled testing…

Ethereum Stablecoin Value Hits All-Time High of $180 Billion

admin

The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal. Ethereum holds 60% of the stablecoin supply at $180 billion, which is up 150% over the past three years, the firm reported Tuesday. The company projected that around $1.7 trillion is expected to come onchain across all networks over the next four years and that Ethereum could see $850 billion in “new flows” by 2030, if it grows 470% in that time.  Standard Chartered predicted in…

Monthly Stablecoin Volume Surpassed US ACH in February

admin

Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years. According to data from blockchain analytics platform Artemis, the total 30-day adjusted rolling stablecoin volume hit $7.2 trillion in February, beating the Automated Clearing House network at $6.8 trillion. The data is based on 30-day rolling adjusted volume of stablecoin transactions in US dollars, excluding MEV activity and intra-centralized exchange transactions, comparing this to the daily average volume of…

US Treasury Seeks Comment on State-Level Stablecoin Regulatory Criteria

admin

The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act. The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies. The Treasury outlined several non-negotiable stablecoin regulations that must be in line…

Hong Kong Misses March Deadline for Stablecoin Licences

admin

Hong Kong’s first stablecoin licences failed to materialize by the expected end of March target, with the HKMA saying only that it is still advancing the process. Hong Kong has missed an earlier end of March target for awarding its first stablecoin licences, with the Hong Kong Monetary Authority saying only that the licensing process is advancing and decisions will be announced shortly. A spokesperson for the Hong Kong Monetary Authority (HKMA) told Cointelegraph that the HKMA is “actively taking forward the licensing matter and will announce further details in…

Ripple joins Convera to streamline business payments with stablecoin rails

admin

Convera said Tuesday it is partnering with Ripple to roll out crypto-enabled payment and treasury services for businesses, marking another sign that stablecoins are moving deeper into mainstream cross-border finance. The collaboration combines Convera’s commercial payments and FX network with Ripple’s blockchain-based liquidity and settlement infrastructure. Convera says the offering is designed to help businesses move money faster and more reliably, especially in payment corridors where traditional rails remain slow or costly. The structure is built around the stablecoin sandwich model, where a payment starts in fiat, settles through a…

The Stablecoin Question Is Who Gets Paid

admin

Opinion by: Jeff Handler, co-founder at OpenTrade. The tech has been solved. The digital dollars are flowing. In 2026, the only variable left is understanding who actually gets to collect and enjoy the fare. 2025 wasn’t the year stablecoins “went mainstream”, at least not how crypto pundits had envisioned. No specific app that dominated the download charts, nor was there a particular moment when stablecoins suddenly clicked for normies. Instead, by intentional design, digital dollars quietly and efficiently became working capital, nestling neatly into the world’s financial plumbing. Now, as…

Dana Syracuse: OCC’s proactive engagement is reshaping stablecoin licensing, the demand for clear regulatory rules is growing, and specialized regulation fosters digital asset innovation

admin

Key takeaways The OCC is experiencing significant engagement from companies applying for stablecoin licensing. Regulatory environments for stablecoin issuers have shifted towards a demand for clear rules. Obtaining a banking charter requires rigorous processes including business plan development. Successful crypto projects need both product market fit and regulatory fit. A responsive regulatory body is crucial for developing new crypto products. Jurisdictions like New York are showing commitment to specialized digital asset regulation. Regulators need to supervise a critical mass of similar entities to improve effectiveness. The Genius legislation creates a…