ECB’s Lagarde Warns Euro Stablecoins Pose Financial Stability Risk ECB President Christine Lagarde warned that euro-denominated stablecoins pose risks to financial stability and monetary policy, advocating for a digital euro over private stablecoins. Her stance diverges from that of the Bundesbank.
The Bermuda government is promoting stablecoin payments through a USDC airdrop campaign as part of its effort to attract crypto businesses to the island. As an international financial center, Bermuda is working to position itself as a crypto-friendly jurisdiction. The USDC airdrop aims to let local residents experience the convenience of stablecoin payments. On the regulatory front, Bermuda has established a relatively comprehensive digital asset regulatory framework, providing clear compliance pathways for crypto businesses. This move aligns with the competitive landscape of multiple jurisdictions vying for crypto company establishment. ...
Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Paul Grewal said at the Consensus conference that the Clarity Act will pass this summer. He backed the Tillis-Alsobrooks stablecoin compromise and urged banks to accept the deal framework.
OpenTrade Secures a16z-Backed Funding Stablecoin yield and RWA lending platform OpenTrade raised $17 million, led by Mercury Fund and Notion Capital. The platform’s TVL has exceeded $200 million, targeting neobanks and fintechs.
Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Grewal said at the Consensus conference that stablecoin legislation “will pass this summer.” He called for compromise on a stablecoin regulatory framework and urged industry participants to work constructively with regulators to advance the legislative process.
TD Cowen warns stablecoin yield disagreements could delay comprehensive US crypto legislation as lawmakers remain divided.
Financial tech company SoFi plans to launch a stablecoin on Solana, citing speed and low transaction costs.
Western Union launched a dollar-backed stablecoin on Solana issued by Anchorage Digital Bank for 24/7 settlement.