Catenaa, Wednesday, June 25, 2025-The Bank for International Settlements (BIS) has sounded its sharpest warning yet over stablecoins, urging global financial authorities to accelerate the tokenization of official currencies to safeguard monetary sovereignty and financial stability. In a pre-released chapter of its annual report, BIS said stablecoins, digital tokens typically pegged to the US dollar […]
Catenaa, Friday, April 25, 2025-Citigroup (Citi) said Thursday that stablecoin could evolve into a multi-trillion-dollar asset class by 2030, as adoption accelerates amid a shifting regulatory landscape. In a new report, the banking giant estimated that total stablecoin supply may climb to $1.6 trillion by the end of the decade, with a high-end scenario approaching […]
Catenaa, Sunday, March 30, 2025-Custodia Bank and Vantage Bank have introduced Avit, the first US bank-issued stablecoin on a public blockchain, marking a major step in regulated digital payments. The March 25 pilot involved minting, transferring, and redeeming Avit tokens on Ethereum’s ERC-20 standard, demonstrating a fully compliant, bank-backed stablecoin process. Unlike existing stablecoins, Avit […]
Catenaa, Wednesday, May 21, 2025- Lawmakers in Hong Kong passed landmark legislation Wednesday to establish a licensing regime for stablecoin issuers, becoming one of the first global financial hubs to formalize oversight of fiat-referenced digital assets. The “Stablecoins Ordinance,” passed in its third reading by the Legislative Council, mandates that any entity seeking to issue […]
Catenaa, Tuesday, June 24, 2025-Hong Kong is set to become a global leader in digital asset regulation as its upcoming stablecoin licensing regime is expected to take effect on August 1, providing the city with a strategic advantage in the intensifying race to regulate cryptocurrencies. Paul Chan, Hong Kong’s financial secretary, told a forum Saturday […]
Catenaa, Tuesday, April 29, 2025-Mastercard yesterday announced in a media release it would enable consumers to spend stablecoins and allow merchants to receive settlements in them, expanding its footprint in the growing digital asset space. The payments giant said it is rolling out a “360-degree approach” to stablecoin use, letting consumers pay, earn rewards, and […]
Catenaa, Friday, February 21, 2025 – The United States is edging closer to stablecoin regulations, with lawmakers refining key legislative proposals aimed at clarifying the digital asset market. S&P Global Ratings warns that without clear rules, institutional adoption will continue to lag. The full report can be seen here. The stablecoin market has surged from […]
Catenaa, Tuesday, June 17, 2025-The US Senate is set to vote Tuesday on the GENIUS Act, a major piece of legislation aimed at regulating the fast-growing stablecoin sector, as lawmakers wrestle with concerns over President Donald Trump’s family ties to a leading crypto firm. The Guiding and Establishing National Innovation for US Stablecoins Act advanced […]
Catenaa, Tuesday, April 29, 2025-Stripe is launching a pilot for its new stablecoin payments product, targeting businesses outside the United States, United Kingdom and European Union, CEO Patrick Collison announced late Friday. Collison said the company has been planning the move for nearly a decade and is now opening the product for testing. The stablecoin […]
Catenaa, Monday, March 10, 2025-President Donald Trump announced plans to sign stablecoin legislation before August and vowed to end what he called “Operation Choke Point 2.0,” a policy he claims has stifled crypto banking access. Speaking at the White House’s inaugural crypto summit Friday, Trump emphasized his administration’s shift toward a pro-crypto stance, with industry […]
Catenaa, Thursday, June 26, 2025-Ubyx, a London-based startup founded by ex-Citigroup executive Tony McLaughlin, has raised $10 million in seed funding to develop a global stablecoin clearing system aimed at streamlining the fragmented stablecoin market. The round was led by Galaxy Ventures and backed by Coinbase Ventures, Founders Fund, Paxos, VanEck, and others, the company […]