Key Points USDC is fully backed by cash and cash equivalents with independently verified reserves, making it one of the most ...

On July 22, Western Union CEO Devin McGranahan announced that the payment giant, founded in 1851, is expanding its offerings ...

While traditional cryptocurrencies are often viewed as speculative investments, stablecoins function more like digital ...

Legislation for the roughly $250 billion stablecoin industry that passed last week doesn't go far enough to protect the ...

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly ...

Clients are eager but seek clarity on use cases and the coins’ impact on balance sheets and liquidity, US bank’s head of ...

Stablecoins, a type of cryptocurrency, can potentially cut out traditional money processors like Visa and Mastercard entirely ...

The financial regulator's cooling note come as it is set to start licensing stablecoin issuers from Aug. 1 after passing a stablecoin bill in May. While 40 firms are set to apply for the regime, the ...

"Last I checked, you couldn't spend stablecoin if you wanted to buy a Coca Cola," Western Union CEO Devin McGranahan said.

Stablecoins used for payment would be a monumental shift in commerce.

Banks fear the tokens could siphon deposits they use to fund loans to companies and consumers.

Banks are gearing up to take on payments competition from stablecoins, which could increase after Congress passed the Genius ...