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US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

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The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.

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Coin Market

BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch

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The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.

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Coin Market

Bitcoin stays flat as global bond bear market rages on, pushing JGB to high

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Global bond yields hit multi-decade highs today as Japan’s 10-year JGB yield reached a 30-year peak, keeping Bitcoin steady near $78,000.

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Ethena launches USDe payments app, offers 6% rewards

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The self-custodial app brings USDe into everyday payments, savings and cross-border transfers, with annualized rewards of up to 6%.

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