Tag: #GENIUS Act
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Stablecoins Affecting The US Banking System “Is A Myth,” Coinbase Claims
Coinbase has rejected claims that stablecoins drain U.S. bank deposits. Here’s what Coinbase’s Faryar Shirzad had to say. Coinbase is pushing back against long-standing…
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There Is A Loophole In The GENIUS Act That Could “Devastate” Small Banks: Alabama Senator
Alabama Senator Keith Kelley warns the GENIUS Act could drain deposits from small banks and put rural economies at risk. Alabama State Senator Keith…
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Rather Than Fear Stablecoins, Offer Your Customers Better Rates, Matt Hougan Says About Banks
Bitwise CIO Matt Hougan urges banks to raise deposit rates to compete with stablecoins, potentially reshaping savings and lending dynamics. Banks should raise deposit…
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Paxos Proposes USDH Stablecoin with Revenue Sharing to Back Hyperliquid Growth
Paxos introduces USDH proposal, combining compliance, revenue-sharing, and HYPE buybacks to strengthen Hyperliquid’s growth. Stablecoin issuer Paxos has submitted a proposal to launch USDH, a…
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The Famous “Bitcoin OG” Whale Now Holds $3.8 Billion ETH After Weekend Buying Spree
The famous OG Bitcoin whale recently moved $435 million into Ethereum and has raised its ETH holdings to $3.8 billion. What does this Bitcoin rotation…
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Citi Warns Stablecoin Yields Could Drain $6.6 Trillion From Banks
Citi is now warning that stablecoin yields could trigger $6.6T in bank deposit outflows. This is happening as regulators, banks, and crypto firms continue to…
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The Stablecoin Market Could Hit Trillions Of Dollars Soon, Goldman Sachs Says
Goldman Sachs recently predicted the stablecoin market will grow from $271B to trillions in a few years. What drives this change? Goldman Sachs has predicted…
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Tether Cracks Down on Terror Tied Wallets With $1.6M USDT Freeze
Key Insights: Tether froze $1.6 million in USDT tied to terror-linked wallets used by Gaza’s BuyCash network. The company has now blocked over 5,000 wallets…
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Trump Signs The GENIUS Act Into Law: Here’s What To Know
Key insights: Trump signs the GENIUS Act, the first U.S. law regulating stablecoins, allowing banks and fintechs to issue them. GENIUS Act mandates 1:1 reserve…
