A U.S. state-backed digital dollar is now live on Avalanche.In case you missed it, Wyoming has launched FRNT, the first state-issued stablecoin, fully backed by Treasuries and dollars, with real-world spending through Rain cards coming soon. https://t.co/LlWqvOomwF ...

JUST IN: 🇺🇸 U.S. House adds CBDC ban to defense policy bill blocking the Fed from creating a digital dollar.Progress ✅ https://t.co/ZYHnj1P4xa ...

RT Sei (@SeiNetwork)Native @USDC by @circle has arrived on Sei.To tap into the world's largest regulated digital dollar on the fastest L1, a lineup of Day 1 access partners are ready to go.You can access native USDC on Sei today via the following platforms 👇https://t.co/guNBL9sp6H ...

Get native USDC on Sei through the following Day 1 Access Partners:Sei (@SeiNetwork):Native @USDC by @circle has arrived on Sei.To tap into the world's largest regulated digital dollar on the fastest L1, a lineup of Day 1 access partners are ready to go.You can access native USDC on Sei today via the following platforms 👇https://t.co/guNBL9sp6H ...

RT sfxmoneyapp (@usesfxmoneyapp)At SFx, we are already utilizing the full potential of @USDC. With the GENIUS Act, the Worlds, most regulated digital dollar, is about to reach new potentials, new use-cases, and drive the internet economy forward!Onward together with @USDC https://t.co/7MKc7CWIzY ...

For years, we talked about how Ripple was creating essentially the new financial system with, of course, the internet of value. And today, I feel like all of that is becoming a reality. Okay, this has been something that we have been studying, researching, and following for years now.And I just feel as if 2025 is that year where it just all makes sense. It's that big moment where we could finally see everything. Okay, we go back to, you know, all the way back in 2017 when Ripple puts out this article, the i ...

The GENIUS Stablecoin Act has passed the house.This is a victory that represents years of advocacy from across the industry, with leaders like Sei Labs founders @Jayendra_jog and @jeffdfeng taking their message to DC and engaging lawmakers on common sense regulation that fosters innovation rather than stifles it.It's the product of years of hard-fought legal battles, spirited discussions, and an unwavering belief in a better way to empower the exchange of finance.Stablecoins are one of the greatest innovati ...

Crypto Legislation & Regulation - The US House of Representatives is set to vote on three bills: the Genius Act (regulating Stablecoins), the Clarity Act (market structure legislation), and a bill on central bank digital currencies [3] - The Genius Act is expected to be signed into law by the President, marking the first new federal regulatory framework for crypto in the US [3][4] - The industry views this legislation as a sign that crypto technology is here to stay and has the backing of the US government [4] - The Solana Policy Institute is satisfied with the Genius Act, believing it balances customer protections with the need for innovation and certainty for builders in the crypto space [12][13] - Market structure issues are still under debate, suggesting potential for future legislative adjustments [14] Impact on Traditional Finance - CEOs of major banks like JP Morgan, Bank of America, and Citigroup acknowledge the digital dollar and its potential threat to traditional banking [5] - These financial institutions are also exploring entering the stablecoin industry [6] - The legislation is expected to spur innovation across various sectors, benefiting the US economy [7] - Crypto rails, such as Solana, are seen as beneficial for recording transactions and facilitating timely global payments, potentially upgrading the existing financial system and lowering costs [7] Industry Perspective - The passage of this legislation is considered a significant milestone for crypto advocacy, representing a major step forward for the American financial services system [9][10] - The industry believes the legislation will benefit all Americans by modernizing the financial system [11]

swift + gleif now running kyc/aml verification through link, jpmorgan using it for digital dollar infrastructure with coinbase. remember when oracles were just "price feeds"?network now securing $70b+ value across chains. tradfi cant operate without crypto rails anymore ...

🇨🇦 UPDATE: Bank of Canada explores digital dollar using OpenCBDC 2PC, focusing on privacy, compliance, and decentralization. https://t.co/DJnpKOXAcx ...