🇺🇸🏦 The American Bankers Association (ABA), Independent Community Bankers of America (ICBA), and 76 other state banking associations have sent a joint letter to Senate leaders opposing the provisions of the CLARITY Act on stablecoin yield. #stablecoin

🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin

🇺🇸🏦 The American Bankers Association (ABA), Independent Community Bankers of America (ICBA), and 76 other state banking associations have sent a joint letter to Senate leaders opposing the provisions of the CLARITY Act on stablecoin yield. #stablecoin

🇺🇸🏦 The American Bankers Association (ABA), Independent Community Bankers of America (ICBA), and 76 other state banking associations have sent a joint letter to Senate leaders opposing the provisions of the CLARITY Act on stablecoin yield. #stablecoin

🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin

🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin

🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin

🆕 US and UK announce a joint plan to support cross-border tokenized assets and crypto stablecoins. #stablecoin

🇺🇸🆕 Regulation

The governments of the United Kingdom and the United States have issued a joint statement supporting closer coordination in regulating stablecoins and their use in cross-border payments, settlements, and capital markets.

Stablecoins should be backed by high-quality liquid assets at a minimum ratio of 1:1.

Reserves should be separated from the issuer's own funds, with timely redemption and clear, protected rights for holders to receive payment in case of insolvency. #stablecoin

📈 #ETH Velocity has raised $38 million to build infrastructure for enterprise treasury stablecoins. #stablecoin

🧑‍💻 Cyclops Raises $20 Million to Help Payment Companies Settle Faster with Stablecoins: Fortune #stablecoin

🕵️ #BTC #ETH Financial Director of BlackRock stated that the firm aims for investors to use digital wallets for efficient allocation of funds between cryptocurrencies, stablecoins, and long-term stocks and bonds. #stablecoin

🇯🇵🤝 #ONDO #RWA Ondo Finance and SBI Group have entered into a strategic partnership aimed at tokenizing Japanese stocks and using the JPYSC stablecoin for settlements. #stablecoin

💳 VISA LAUNCHES NEW PLATFORM TO PROVIDE STABLECOIN SERVICES TO MORE THAN 200 MILLION MERCHANTS: FORTUNE #stablecoin

🇯🇵🕵️ Japanese logistics company AZ-COM Maruwa Holdings is considering using the stablecoin #JPYC for payment services. #stablecoin

🕵️‍♂️ Crypto wallet provider Exodus is cutting 25% of its workforce as it restructures to focus on building a full-stack stablecoin payments platform. #stablecoin

🏦🗣 The Bank for International Settlements states that dollar-backed stablecoins are largely unaffected by capital controls. This raises concerns about their potential to weaken monetary sovereignty in emerging markets. #stablecoin

🇰🇷🏦 #USDC Circle has entered into a partnership agreement with Kakao and Toss Bank to explore the potential use of stablecoins as payment channels in South Korea. #stablecoin

🙅 #BTC JUST IN: BitMart has processed 0 altcoin, stablecoin, or Bitcoin withdrawals above $25K in the past 24 hours.

Onchain data shows no large withdrawals from BitMart by retail users, MMs, or listed projects during this period.

In other verified news, BitMart Global CEO was reportedly removed on July 24th without being informed about the exchange closure decision. He stated, “I was not involved in the decision announced today, not consulted on it, and not informed of it. I learned of it when it became public.”

Data sourced from tracking 2.5M+ BitMart CEX-linked addresses onchain. #stablecoin

🇺🇸📊 #USDT US Investors Are Inflowing Stablecoins to Exchange Again

“Generally, when funds inflow to exchanges, buying power tends to increase. This manifests as an upward price trend.”. #stablecoin