Stablecoin

Visa Doubles Down on Stablecoins With Investment in Blockchain Payments Firm BVNK

Global payments service provider Visa's (V) venture capital arm made a strategic investment in BVNK, a startup building stablecoin-based payment infrastructure, in a move that reflects legacy financial financial firms' push into blockchain-powered money movement. "Visa’s deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses […]

Top Democrat Raises Concerns About Tether

According to a recent report by Punchbowl News, Senate Minority Leader Chuck Schumer is concerned about the treatment of Tether, the leading stablecoin issuer, in the much-talked-about GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act. Schumer believes that the Democrats should refrain from showing public support for the bill in order to be […]

Visa pursues stablecoins for cross-border payments

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Visa is locking arms with a pack of fintechs as it pursues development of stablecoin payments for cross-border transactions. Over the past week, the largest U.S. card network disclosed working with digital payments […]

Bank of England hints at stance on UK stablecoins

Earlier this week Sarah Breeden, the Deputy Governor of the Bank of England, gave a speech at the Point Zero Forum discussing the topic of stablecoins, hinting at a future direction for the UK. In 2023 the UK unveiled proposals involving two separate regulatory regimes: one for systemic stablecoins versus another for non-systemic stablecoins. Her […]

House Democrats block hearing to discuss crypto market

House Financial Services Committee ranking member Maxine Waters, D-Calif., at the Department of Housing and Urban Development headquarters in March. Waters led a walkout of committee Democrats from a planned joint hearing on a crypto market structure bill Tuesday. Bloomberg News WASHINGTON — House Democrats, led by House Financial Services Committee ranking member Maxine Waters […]

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