All by tag: Stablecoin

A day earlier, the Senate passed legislation to regulate stablecoins called GENIUS

The company has been testing the asset in Hong Kong’s regulatory sandbox since 2024

GENIUS aims to regulate dollar-pegged payment stablecoins

The emergence of such assets could divert billions of dollars in cash flow away from the companies’ banking partners

According to Scott Bessent, such assets will expand the global influence of the dollar

The document aims to increase transparency and encourage competition in the crypto sector

The company offered 34 million shares and raised $1,1 billion

In the coming weeks, two large crypto exchanges will list the asset

Earlier, Tether withdrew from the EU market due to the requirements of the new legislation

The central bank will be responsible for issuing licenses to issuers of fiat-backed coins

The volume leader on the network is USDC from Circle

The asset will be backed by government bonds