Coinbase Exec Says Senate CLARITY Deal Near as Yield Debate Continues
A Coinbase executive says lawmakers are close to a CLARITY Act deal, though disputes over stablecoin yield still delay progress.
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. They aim to combine the efficiency of blockchain transactions with the price stability of traditional money. Stablecoins are commonly used for trading, payments, and transferring value across crypto platforms. Some are backed by reserves, while others rely on algorithms or crypto collateral. Their growing use has made stablecoins a key bridge between traditional finance and the crypto economy.
A Coinbase executive says lawmakers are close to a CLARITY Act deal, though disputes over stablecoin yield still delay progress.
SBI Holdings-backed B2C2 names Solana as its main network for institutional stablecoin transactions, signaling a shift toward high-speed blockchain infrastructure.
Tether hires KPMG for its first full USDT audit and brings in PwC as it prepares for U.S. expansion and potential fundraising.
Coinbase is resisting proposed limits on stablecoin yields in a U.S. Senate crypto bill, highlighting ongoing tensions between crypto firms and banks.
Bitpanda unveils Vision Chain, a blockchain network for European banks and fintechs to issue and settle tokenized assets under MiCA and MiFID II, using euro-denominated stablecoins.
Solana unveils a new developer platform for institutions, onboarding Mastercard, Western Union and Worldpay.
Stablecoins may benefit from AI-driven payments over time, even as early usage remains limited, Bernstein says.
US senators strike a tentative deal on stablecoin yield, potentially clearing a major hurdle for advancing crypto market structure legislation.
Crypto payments platform Bitrefill says a cyberattack linked to the Lazarus Group exposed about 18,500 purchase records and drained funds from several hot wallets.
Large holders of the TRUMP memecoin are increasing their positions ahead of a planned Mar-a-Lago event that will host the project’s top token holders.