Illinois draft crypto tax rules detail DeFi, stablecoin treatment
Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and selfcustody…
Bybit accepts Franklin Templeton tokenized funds as trading collateral
Eligible institutions can pledge Benjiissued fund shares for stablecoin credit lines while keeping the underlying assets in offexchange custody.…
RedotPay completes financial audit as it presses ahead with U.S. IPO plans
The stablecoin payments company said the audit is part of its preparations to go public, disputing an August report that the listing had been put on hold.…
Binance deal gives Circle a boost in stablecoin race with Tether, analysts say
The fiveyear deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk.…
Crypto Biz: Wall Street and crypto fight for the same turf
Stablecoins and tokenized assets are pushing banks, exchanges and crypto companies into the same markets, from payments to stocks and ETFs. Source：Cointelegraph
Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist
The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.…
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year's GENIUS Act into place with regulations, including those governing stablecoin yield programs. Source：CoinDesk
Fed proposes new capital, redemption rules for stablecoin issuers
The Fed’s proposal would set capital requirements, a twoday redemption window and new reserve disclosures as regulators implement the GENIUS Act.…
Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Boardsupervised payment stablecoin issuers…
SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi dives deeper into payments as it moves its entire card program to blockchainbased settlement using its SoFiUSD stablecoin, with more than $25 billion in…
European stablecoin issuer Qivalis sees transformation of global trade finance
JanOliver Sell, the CEO and founder of Qivalis, said the entire trade finance supply chain is moving into stablecoins. Source：CoinDesk
Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand
Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a…