A group of pro-crypto Democrats in the US Senate have retracted their support for a Republican-backed stablecoin bill, citing unresolved issues related to Anti-Money Laundering (AML), national security, and accountability. Here’s a breakdown of the situation and its potential impact.
Tag: Stablecoin
Plume CEO: Real-World Asset (RWA) Tokenization Market Not Ready for Institutional Investment
Plume CEO Chris Yin believes the RWA tokenization market is overstated and not yet mature enough for significant institutional investment. He cites inflated market size estimates and a focus on profit over efficiency as key hurdles.
Stablecoins Projected to Reach $2 Trillion Market Cap by 2028: US Treasury Report
A US Treasury report predicts stablecoins could reach a $2 trillion market capitalization by 2028, driven by increasing adoption and integration with traditional financial systems. Explore the factors driving this growth and the implications for the future of finance.
Circle & Onafriq: Revolutionizing African Cross-Border Payments with USDC
Circle partners with Onafriq to slash Africa’s cross-border payment costs using USDC. Explore how this collaboration streamlines transactions and fosters economic growth across the continent.
Bank of Italy Warns: Crypto Growth Poses Risks to Investors and Financial Stability
The Bank of Italy’s latest Financial Stability Report highlights the growing risks associated with cryptocurrencies like Bitcoin, citing concerns for investor protection and overall financial stability. The report emphasizes the volatility of crypto assets and their increasing integration with the traditional financial system.