Stablecoins

Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thursday. What Happened: Companies co-owned by JPMorgan Chase (NYSE:JPM), Bank of...

Jayendra Jog, co-founder of Sei Labs (CRYPTO: SEI), believes the politicization of crypto in the United States is beginning to fade and that as the industry matures, support from both sides of the aisle will become the norm. What Happened: "My intuition here is that as time progresses, crypto will...

Hedera Foundation CEO Charles Adkins said on Tuesday that integrating blockchain into social platforms will ensure transparent data handling and enable real‑time creator payments without centralized intermediaries. In an interview with Benzinga, Adkins emphasized blockchain's capacity to enforce "...

U.S. Senator Bill Hagerty (R-TN) said stablecoin issuers could become the largest holders of U.S. Treasuries globally by the end of the decade, citing projections from Citibank. What Happened: Speaking in an interview with CNBC on Monday, Hagerty emphasized the role stablecoins play in transforming...

Widely followed cryptocurrency analyst Willy Woo predicted Monday that stablecoin issuing company Tether (CRYPTO: USDT) would become the top holder of U.S. treasuries once Bitcoin (CRYPTO: BTC) hits $1 million a piece. What Happened: Woo reacted to an X post showcasing Tether's growing demand for U...

Cardano (CRYPTO: ADA) has surged 23% over the past week as co-founder Charles Hoskinson is exploring the possibility of launching a privacy-enabled stablecoin that functions with the anonymity of physical cash. What Happened: Speaking on the Conversations with Leaders podcast hosted by eToro on May...

Democratic lawmakers are raising concerns over reported financial links between cryptocurrency exchange Binance and ventures tied to the Trump family, following a recently revealed $2 billion deal involving a Trump-backed digital token. What Happened: Senators Chris Van Hollen of Maryland and...

Treasury Secretary Scott Bessent on Friday publicly criticized the U.S. Senate’s failure to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, expressing concern over the missed opportunity to establish a federal regulatory framework for stablecoins....

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong, on Thursday, touched on the wisdom of traditional banks launching their own stablecoins in light of their foray into the cryptocurrency industry. What Happened: During the first quarter earnings call, Armstrong was asked about the growing...

Ripple (CRYPTO: XRP) has pledged $25 million to support U.S. K-12 classrooms and educators through partnerships with nonprofit organizations DonorsChoose and Teach For America. What Happened: The funding, distributed primarily in Ripple USD (CRYPTO: RLUSD), aims to address persistent shortages in...

Christian Thompson, Managing Director of the Sui Foundation, stated that bipartisan U.S. stablecoin legislation will be a powerful mechanism for driving capital formation and retail onboarding into Web3 ecosystems. Speaking with Benzinga on the sidelines of Sui basecamp in Dubai, Thompson, a former...

A new report has revealed that 62% of crypto users now manage two or more wallets, highlighting deep fragmentation in the on-chain user experience. The report, by Reown and blockchain analytics firm Nansen, based on a YouGov survey and on-chain data analysis, paints a picture of a growing yet...

Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC). What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted...

A growing number of cryptocurrency companies are preparing to enter the U.S. banking system, propelled by a policy shift under President Donald Trump aimed at integrating digital assets into mainstream finance. What Happened: Firms like Circle (CRYPTO: USDC) and BitGo are planning to apply for bank...

A forthcoming U.S. regulatory framework is expected to supercharge the stablecoin market, pushing its total value from $230 billion today to $2 trillion by the end of 2028. According to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, the growth will generate $1.6 trillion...