Stablecoin

Ripple, an enterprise-focused blockchain service closely tied to the XRP Ledger (XRP), said on Wednesday it has integrated its stablecoin to the company’s cross-border payments system to boost adoption for Ripple USD (RLUSD). Select Ripple Payments …

The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s monthly stablecoin report shows. The growth in market value and activity happened alongside the …

Intercontinental Exchange, the parent company of the New York Stock Exchange, said it plans to explore using Circle’s stablecoin and tokenized asset to develop new products, joining a roster of U.S. traditional financial giants pushing into crypto …

TradFi giant Northern Trust (NTRS) will provide custody and cash management services for trade finance focused stablecoin issuer Haycen, the company said in a press release Thursday. Northern Trust Asset Servicing will be responsible for providing …

U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving through the Senate …

Wyoming state is making steps towards launching a stablecoin later this year, which could be the first fiat-backed and fully reserved token issued by a public entity in the U.S., state officials said at the DC Blockchain Summit on Wednesday. The …

Legislators convened a panel to discuss what stablecoin and market structure bills need to address.

The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.

“It shouldn’t be a free pass, right?” Jeremy Allaire, a co-founder of stablecoin issuer Circle said.

The YLDS stablecoin, backed by prime money market funds, offers daily interest and 24/7 peer-to-peer transfers.