121 stories mentioning it. Newest first.
The GENIUS Act limits stablecoin reserves to short-term T-bills, repo, and central bank deposits, bans yield for non-bank issuers, and splits oversight between state and federal pathways.
Standard Chartered and BNY are now minting and custodying USDC, while European lenders race to launch a euro alternative before dollar-backed tokens anchor the next settlement layer.
EU bans interest on most stablecoins. The US is ambiguous. Singapore permits it with disclosure. Here's how MiCA, GENIUS, and the SEC each treat yield wrappers.
USDC and USDT face payment-stablecoin rules. BUIDL and OUSG look more like funds. The line between them is the fight.
Marketed as 24/7, most tokenized Treasuries actually settle T+1 with minimums and gates. Here's what BUIDL, OUSG, USDY, and USYC can and can't do.
The GENIUS Act sets US rules for payment stablecoins: 100% reserves, no yield, and a new OCC license. Here is what it actually changes.
Consensus priced in a dovish pivot and got three dissents instead. The regime gap between risk-on equities and stalled BTC is where the next move is hiding.
BlackRock's BUIDL and peers sit behind a stack most people never see: qualified custodians, transfer agents, whitelisted wallets, and dual-control signing.
USDC, USDT and PYUSD all promise $1 redemption in their marketing. The fine print, minimums, and fees tell a different story.
As Washington locks down stablecoins and bans a retail CBDC, MiCA forces smaller players out. The map of who clears dollars is being redrawn in real time.
Stablecoin issuers turn USDT and USDC reserves into billions in T-bill yield. The full revenue stack also includes redemption fees, integration deals, and issuer tokens.
Most retail holders cannot redeem stablecoins directly with the issuer. The dollar price works only above minimums, and the rules vary by token, jurisdiction, and bank partner.
One regulator hands Circle a charter and a senator invokes Satoshi to move a market-structure bill, while a hardware-wallet bug quietly rewrites the cost of self-custody.
Tokenized money market funds are regulated fund shares with floating NAVs, while stablecoins are payment tokens pegged to $1. The legal wrapper changes everything.
Tokenized T-bill funds are regulated as securities. Most stablecoins are not. Here is how U.S. and EU frameworks draw that line, and why BlackRock's BUIDL looks nothing like USDC.
The U.S. GENIUS Act requires licensed stablecoin issuers to back tokens 1:1 with cash and short Treasuries, publish monthly attestations, and pay no yield to holders.
Buying a tokenized Treasury fund does not put treasuries in your wallet. The tokens are claims on assets held by qualified custodians, and the on-chain wallet is just a registry pointer.
EU and U.S. regulators let stablecoin issuers avoid interest bans by routing yield through third-party protocols. Here is how that loophole actually works.
While ETF flows snapped back and Bessent made stablecoins a state project, the tape kept treating policy support like weather and capital kept walking toward AI.
ONDO holders don't receive OUSG or USDY yield. The token gives governance rights while Ondo Finance keeps most fee revenue. Here's how the cashflow really flows.
CoinDesk
Alex Morgan
Lina Haddad
Ethan Brooks