Stablecoin
U.S. Senate Stalls CLARITY Act, Extending Uncertainty Around Crypto Market Rules
The U.S. Senate failed to clear a key procedural vote needed to advance the CLARITY Act, delaying a proposed federal framework for digital-asset market structure. The setback leaves firms and institutions navigating unresolved questions around regulatory jurisdiction, compliance obligations and the competitiveness of the U.S. market.
Circle’s Arc Mainnet Launch Pits an Institutional Vision Against a Meme-Driven Reality
Circle’s Arc mainnet was designed around institutional payments, stablecoin settlement and tokenized assets, but its first-day activity was dominated by memecoin trading rather than financial flows. The contrast highlights the gap between launching blockchain infrastructure and building durable institutional usage.
U.S. Bank Uses Stellar to Transfer Its Own Dollar Stablecoin Across Borders
U.S. Bank says it has completed a cross-border payment between entities in North America and Europe using its self-issued USBDC stablecoin on the public Stellar blockchain. The pilot connects an open blockchain network with the bank’s existing systems and offers a test of how traditional institutions could manage on-chain settlement.
PYUSDx surpasses $100 million in processed volume as platform targets branded stablecoins for businesses
PYUSDx, a platform launched by PayPal, M0 and MoonPay, has processed more than $100 million in cumulative transaction volume and aims to let businesses create branded digital dollars backed by PYUSD within days. The development points to a shift in stablecoin infrastructure from issuing a single asset toward building configurable enterprise payment products.
Senate Republicans Release Revised CLARITY Act With Proposed CFTC Registration for Some DeFi Protocols
Senate Republicans have released a revised version of the CLARITY Act that would require some non-decentralized DeFi protocols to register with the Commodity Futures Trading Commission. The bill is scheduled for a September 15 vote, marking a further step in the Senate’s effort to define a U.S. crypto market structure framework.
Clarity Act Debate Puts U.S. Crypto Rules and Offshore Risk in Focus
Executives from WalletConnect and Coinbase have highlighted the Clarity Act and the need for clearer digital-asset rules, warning that prolonged uncertainty could push more crypto activity overseas. The discussion underscores the regulatory pressure facing stablecoins, wallets, payment infrastructure and other blockchain businesses.
Institutions Are Building on Ethereum While Portfolios Still Hold Little ETH
BlackRock, JPMorgan and other financial institutions are advancing Ethereum-related businesses across tokenized funds, stablecoins and settlement infrastructure. Yet the institutions building on the network often maintain little or no ETH exposure, creating a widening gap between blockchain use and asset allocation.
Solana Foundation Chair Says Tokenization Could Make Internet Capital Markets the World’s Largest
Solana Foundation chair Lily Liu argues that tokenization is changing how value is created, owned, financed and transferred. She sees stablecoins, institutional on-chain assets, blockchain infrastructure and AI-driven economic activity converging into a long-term expansion of internet-native capital markets.
Robinhood Chain’s Expanding Asset Ecosystem Tests Where Value Is Really Captured
Analyses of Robinhood Chain point to rapid growth across tokenized equities, launch platforms and stock-paired meme markets. The same activity is also exposing a structural gap between 24/7 on-chain trading, the underlying securities market and the mechanisms that create, redeem and safeguard tokenized assets.