Twenty-One of the World’s Biggest Banks Just Agreed to Build a Dollar Stablecoin — Without Washington’s Help
A 21-bank consortium including Bank of America, Citi, Goldman Sachs and MUFG is forming a jointly owned company to issue…
Tag: GENIUS Act
The US Passed a Landmark Stablecoin Law a Year Ago. The Rules Still Aren’t Written.
A year after the GENIUS Act became law, six federal agencies missed their July 18 deadline to finalize stablecoin rules,…
Stablecoins Went From Crypto Curiosity to Bank Infrastructure in About a Year
A dollar-backed stablecoin law signed in the US in mid-2025 is now reshaping global payments infrastructure, with Klarna, Stripe, and…