US banks plot joint stablecoin as regulation looms over crypto sector

2025-5-23 09:40

JPMorgan Chase, Bank of America and other major banks are reportedly exploring a shared stablecoin to keep pace with rising competition. Some of the biggest U.S. banks are exploring a plan to jointly issue a stablecoin as lawmakers move closer… origin »

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stablecoin banks exploring competition rising keep pace

Èñòî÷íèê: Cripyo.news

stablecoin banks → Ðåçóëüòàòîâ: 126


US banks lobby to amend GENIUS stablecoin Act, citing $6.6 trillion risk

The first official US stablecoin law, known as the GENIUS Act, is already facing pushback from major banking groups that argue some provisions could destabilise the traditional financial sector. Passed in July 2024, the legislation was intended to bring clarity to the multibillion-dollar stablecoin industry while securing the country’s leadership in digital assets. However, banks […]

2025-8-26 17:15


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Avanti Bank Charter & ‘Stablecoin Disruptor’ Fast-Tracked Following OCC Decision

The Wyoming Division of Banking regulators has accelerated the banking application charter for crypto influencer Caitlin Long’s Avanti project. The decision to fast-track Avanti Bank came in the wake of the Office of the Comptroller of the Currency (OCC)’s recent decision to allow banks to provide cryptocurrency custodial services.

2020-7-24 00:06


Facebook’s Libra Stablecoin Put Central Banks On Notice, Causing Bankers To Look Into CBDC’s

A former Executive of the Bank of Japan (BOJ) has said that Facebook’s Libra prompted Central Banks to invest more resources in Digital Currency research sooner than expected. According to a report by Reuters on Jan 22, Hiromi Yamaoka, a former head of settlements and payments at the BOJ, noted that regulators might have done […]

2020-1-23 21:22


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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […] The post Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto appeared first on Bitcoin News.

2019-8-3 23:00


Top-10 Philippine Bank Launches Its Own Fiat-Pegged Stablecoin Cryptocurrency

One of the largest financial institutions of the country, the Union Bank of the Philippines, has announced the launch of its own crypto today to connect rural banks via its blockchain platform. A blockchain platform and a fiat-pegged stablecoin The stablecoin dubbed PHX – which is pegged to the Philippine Peso (PHP) – is already […] The post Top-10 Philippine Bank Launches Its Own Fiat-Pegged Stablecoin Cryptocurrency appeared first on CCN Markets

2019-7-27 14:56


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NY Attorney General goes after Tether and Bitfinex for $850M cover-up

The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, Tether. As court documents dated April 24 state, neither Bitfinex nor Tether are licensed to operate in the state of New York, and yet the Office of the Attorney General (OAG) believes New York-based investors did use the exchange to trade Tether.

2019-4-26 12:29


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Crypto Regulation: White House Says CLARITY Act Is Very Close

The crypto regulation standoff over the CLARITY Act shifted Monday when White House crypto adviser Patrick Witt told an interviewer that negotiations have cleared most remaining obstacles and that he is confident the final issues can be resolved, saying “we’re…