Five major US banking associations jointly reject the stablecoin yield compromise in the CLARITY Act, warning of deposit flight. Senators Lummis and Tillis push back, predicting markets show over 60% odds of passage by 2026.
Six Republican senators urged top US banking regulators to set clearer and fairer capital rules for digital assets on bank balance sheets, while criticizing the Basel Committee’s 1,250% risk weight on crypto exposures.
Wells Fargo has filed a trademark for WFUSD covering digital assets, payments, blockchain verification, and wallet services, pointing to a possible dollar-backed stablecoin strategy still waiting on clearer regulation.
The GAO warned the FDIC that earlier blockchain oversight recommendations remain only partly implemented, while new stablecoin duties and lessons from the 2023 bank failures keep pressure on U.S. regulators.
Anchorage Digital, the first crypto firm with a US banking charter, introduces Stablecoin Solutions to let international banks use regulated stablecoin rails for cross-border payments, bypassing costly correspondent banking. The service supports minting, custody, and settlement.
Citi, Mastercard, Visa and several major US banks are stepping up blockchain tests focused on stablecoin settlement and tokenized deposits. DTCC launches a tokenization service involving over 50 firms; StanChart acquires Zodia Custody.
The article argues Ripple may be moving beyond payments by combining RLUSD, XRP, XRPL and Ripple Prime into an institutional network for digital-dollar liquidity, collateral movement and settlement.
BlackRock has restricted withdrawals from a roughly $26 billion private credit fund as redemption pressure rises, fueling concern that stress in private credit could spread into broader markets, including tokenized assets and DeFi.
