Stablecoins

Core Summary JPMorgan has issued a warning that the legislative window for the US crypto market structure bill (Clarity Act) is narrowing. The bill still faces multiple legislative hurdles, with stablecoin yield distribution emerging as a key point of contention that could affect its final passage. Event Details According to CoinDesk, JPMorgan said in its latest market analysis report that the Clarity Act faces growing time pressure in Congress. The bill aims to establish a clear regulatory framework for the US crypto asset market, but several critical disagreements remain unresolved. ...

Mastercard has announced an expansion of its on-chain settlement capabilities, further betting on stablecoins and always-on financial infrastructure. According to CoinDesk, this move signals that traditional financial institutions’ integration of blockchain technology is accelerating, with stablecoins showing increasingly broad application prospects in cross-border payments and instant settlement. Analysts believe this willdrive the transformation of stablecoins from crypto trading mediums into mainstream financial instruments.

Wall Street asset manager Franklin Templeton has partnered with crypto infrastructure company MoonPay to integrate its BENJI tokenized fund with MoonPay’s payment network. The partnership allows eligible institutional clients to seamlessly swap stablecoins for yield-generating tokenized funds around the clock, without leaving the blockchain environment. Franklin Templeton described the deal as “the foundation for a broader strategic relationship” between the two companies. This marks another step in traditional finance’s integration with crypto infrastructure. ...

Amazon has announced a new AI agent payment infrastructure built jointly by AWS, Coinbase, and Stripe. The system allows AI agents to make automatic payments using USDC stablecoins, marking a key step in the agentic economy. Currently, AI agents are limited to purchasing API services, web content, and other digital services. But Amazon revealed that future versions will expand to broader consumer scenarios including hotel bookings and flight purchases. This means AI agents won’t just handle programming tasks — they’ll act like personal assistants that can book your travel. ...

State Street, one of the world largest custodian banks, partners with Galaxy to launch a tokenized fund enabling institutions to manage cash around the clock using stablecoins