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Tether mulls lending to commodity traders: Report

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The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.

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JPMorgan to launch tokenized money market fund for stablecoin issuers

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JPMorgan’s filing comes nearly three weeks after rival investment bank Morgan Stanley launched its own money market fund, the Stablecoin Reserves Portfolio.

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Bermuda to transition ‘key’ financial services to Stellar blockchain

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Bermuda Premier David Burt announced several crypto-related initiatives to bring the island nation closer to the industry, including accepting and investing in digital assets and on-chain financial services.

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Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

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The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence.

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