Genius Act News

White House economists say banning stablecoin yield would add little to bank lending while imposing significant costs on users.

The Treasury published its notice of proposed rulemaking for states on dollar-pegged stablecoins with market caps of less than $10 billion

US Fed Governor Michael Barr said clearer US rules could help the market grow, but warned that GENIUS Act implementation must still guard against runs, weak reserves and illicit finance.

A new gold-linked yield stablecoin aims to tap commodity markets for returns as institutions explore alternatives to Treasury-backed tokens.

The French banking group’s digital asset arm expanded its MiCA-aligned euro-backed stablecoin as part of a multichain strategy for regulated digital asset infrastructure.

Lawmakers asked if stablecoins could drain bank deposits and threaten financial stability, while Coinbase and Innovate Finance warned that strict regulation risks driving innovation offshore.

Big Four firm Deloitte attested to $17.6 million in reserves backing USAt, Tether’s new US-regulated stablecoin issued by Anchorage Digital Bank.

Bitfinex Securities will restart USDt-denominated bond issuances on Bitcoin’s Liquid Network, following four previous tokenized offerings totaling $6.2 million since 2023.

The OCC’s proposal to implement the GENIUS Act would bar yield on payment stablecoins and introduce a rebuttable presumption against common issuer-affiliate reward structures.

The approval allows WisdomTree’s tokenized Treasury money market fund to trade and settle around the clock within the US regulatory framework.

Bloomberg Intelligence said Coinbase’s USDC revenue may jump sevenfold, as Congress weighs a ban on stablecoin rewards that could reshape how that money is earned.

Banks and credit unions on the Jack Henry Fintech Integration Network can add tokenized deposits, crypto lending and 24/7 payment rails through the partnership.

IQMM's historic first-day launch underscores how traditional cash funds are adapting to compete in a stablecoin-driven landscape following the passage of the GENIUS Act.

Standard Chartered slashed its forecast for T-bill demand from stablecoins to $800 billion to $1 trillion by 2028, but maintained its $2 trillion stablecoin market call.

A transaction-level analysis of 92 community banks found $78.3 million in net deposits moved to Coinbase over 13 months, with money market accounts losing most outflows.