Browsing: Stablecoin

The Blockchain Association has urged U.S. regulators to establish a bright line on customer identification requirements for stablecoins that would cover only issuer and customer relationships and not peer-to-peer transfers between customers.

G20 finance ministers and central bankers meet this year under a US presidency that has made digital finance a central part of its economic agenda. The Trump administration has identified “endorsing a vibrant digital assets ecosystem” and “improving cross-border payments” as policy priorities. A recent joint statement by the US-UK Transatlantic Taskforce for Markets of…

Congress designed a dual regulatory structure that splits oversight between federal and state authorities based on issuer size and type, giving regulators new supervisory tools but also creating potential jurisdictional complexity, according to a Congressional Research Service (CRS) report, published Aug. 20.

The US Treasury Department has published a notice of proposed rulemaking (NPRM) that sets out the proposed rules for implementing Title III of the GENIUS Act. The document primarily addresses who, where, and under what conditions may issue payment stablecoins in the US, as well as when they may be offered to US users.

Brazil just made it explicit, handing institutional flow to bank licenses. Other regulators face the same math.

Policy statement PS26/10 sets out final rules for UK-issued qualifying stablecoins, following consultation papers CP25/14 and CP25/41. The final rules notably cover issuance and redemption of stablecoins, backing assets (for stablecoins in issuance) and their safeguarding, and disclosures. NB that differing rules will apply for systemic stablecoins.

In a recent tweet, Usual pointed out that the stablecoin market is heavily dominated by USD stablecoins, which exceed $150 billion, while euro-backed stablecoins sit at under $500 million. This stark contrast highlights a significant gap in euro stablecoin infrastructure, which is crucial for the growth of decentralized finance (DeFi). For more details, see Usual’s…