Coins that are issued over a blockchain and are continuously pegged 1 to 1 with the underlying international fiat currency they are related to and deposited in a chartered Bank or a Digital Asset chartered Bank.
The asset manager introduced two blockchain-based money market funds designed to qualify as stablecoin reserve assets under the US GENIUS Act.
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law.
A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays. […]
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.
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