Stablecoins News

Multiple analysts, including JPMorgan, Wells Fargo and Goldman Sachs, cut their price targets on Circle, while Compass Point upgraded the stock to 'Buy.'

The Street action followed Coinbase's third-quarter results, where revenue of $1.21 billion fell just short of the $1.22 billion estimate.

CEO Paolo Ardoino said USDT's user base has topped 700 million, calling it "the biggest financial inclusion success story in the history of humanity."

Robinhood partnered with Ripple to expand institutional crypto services, and Robinhood Chain is now offering RLUSD from Ripple.

ACI stated that its Connetic supports different payment networks and other digital asset suppliers, making USDC a part but not exclusive to the firm.

Mizuho anticipates $4 billion to $9 billion of possible loss to USDC’s market value and a 10% to 20% hit to Circle’s reserve revenue.

According to him, tokenization of the Magnificent Seven stocks could "fundamentally transform” markets.

The OCC will issue anti-money laundering and sanctions rules in a separate rulemaking, and the rule and the law take effect next January.

Higher Fed rates also push banks to provide better deposit rates, which may slow adoption of stablecoins as users weigh their options.

Visser wrote that tokenization meant "the destruction of hedge funds," and said hedge funds were already reaching out to ask what it meant for them.

Standard Chartered said regulation was the biggest risk to the forecast with the GENIUS Act coming into play next year.

Robinhood is scheduled to announce its third-quarter results on October 27, and analysts are expecting sales of $1.4 billion and earnings per share of $0.64, according to Koyfin.

Wall Street's average target on HOOD has climbed since July, as Robinhood reports Q3 results on October 27.

CRCL integration with Tereina was designed to let finance teams settle in stablecoins without running a separate crypto system.

BlackRock said the study's results reflected simulated model responses and that agentic payment activity remained nascent.

CFTC Chairman Michael Selig said they were proposing their first crypto market rules, Regulation CTX and Regulation CAM.

Standard Chartered said Ethena's buyback program and shrinking token supply could support its long-term upside.

Saylor outlined a vision for yield-bearing digital dollars built on Bitcoin-backed credit instruments, with Strategy’s STRC playing a role in the proposed financial model.

Hester Peirce called self-custody a “very fundamental American right” and said she doesn't want the SEC to become a “developer approval agency.”

According to BlackRock, compute is becoming a distinct and investable economic resource as AI agents multiply.

Coinbase's CEO said that SEC and CFTC standards may be more lenient than the bill.

Circle CEO Jeremy Allaire called Arc "one of the biggest launches" in the company's history.

At the CEA's baseline, banning stablecoin yield lifts bank lending by $2.1 billion, or 0.02% of total loans.

Senate Democrats are preparing a counterproposal as the CLARITY Act heads toward a key vote today at around 2:15 PM ET.

The revised CLARITY Act draft adds major ethics concessions and 126 changes sought by Democrats ahead of Tuesday's Senate vote.

Chuck Schumer, the Senate minority leader, has also called a caucus meeting for Democrats on Sunday night to discuss the bill, as per Politico.

Circle Internet Group (CRCL) enters a week where two Washington events take place a day apart, both influencing the reserve income that makes up nearly all of its revenue.

U.S. Bankcorp piloted its stablecoin for cross-border payments as Marqeta and BVNK moved to put digital dollars on payment cards.

The CLARITY Act faces growing uncertainty as ethics negotiations remain unresolved despite some opposition to the bill softening.

Circle said the deal builds on an existing relationship with Tazapay and could help expand USDC adoption across global payment rails.

The NSA is no longer formally opposing the CLARITY Act, as Congress and the administration continues working through the bill’s legal, regulatory, and enforcement issues.

ARK added to both Robinhood and Solana-linked investments after a strong session for crypto-related stocks and blockchain activity.

Digital assets are moving deeper into the G20 policy agenda as members balance innovation with regulation and financial stability.

Tether CEO called the firm a "stable company," built on tangible assets rather than any single currency or system.

Paolo Ardoino questioned why depositors would prefer fractional-reserve products to fully-reserved stablecoins and warned of repercussions if they moved their savings.

Garlinghouse also suggested that corporate treasurers may not give AI agents free access to major firm accounts without sufficient safeguards and accountability.

The network would support tokenized deposits, stablecoins, smart payment tools, and automated settlement, the association said.

Bessent has referenced estimates that stablecoin market capitalization could reach almost $4 trillion, although the market currently stands at $300 billion.

The proposal would include a one-time “startup exemption” for offerings up to $5 million over four years and a “fundraising exemption” for up to $75 million per 12-month period.

Treasury Secretary Scott Bessent said on X that the rulemaking was aimed at ensuring that the U.S. remains “the crypto capital of the world."

CEO Jeremy Allaire said Circle is building infrastructure for the 'internet financial system,' not just a stablecoin business.

Hagerty said midterm elections would slow the bill's passage, a concern shared by House Majority Whip Tom Emmer, who said Democrats were looking to shut down the government.

Timing is becoming an issue, with the bill still not on the Senate floor schedule, and any delay could push meaningful action into the August recess.

The launch comes after BlackRock's BUIDL fund, which has grown to about $2.5 billion in assets since its launch in 2024.

Giancarlo warned that the GENIUS Act and the CLARITY Act keep financial surveillance alive by expanding Bank Secrecy Act obligations to new financial systems based on blockchain.

The debate over developer liability heated up after former White House cybersecurity official Carole House said software developers should be held more legally responsible for how their code is used.

Senator Lummis said lawmakers added more than 100 Democratic-backed changes over 11 months of negotiations, swelling the proposal from 168 pages to 616 pages.

The debate takes place ahead of a key Senate vote on the CLARITY Act, with disagreements still outstanding on stablecoins, illicit finance rules and ethics provisions.

DCG President said the firm's main priorities include preserving digital-asset jobs in the U.S., protecting consumers and developers, and replacing "regulation-by-enforcement" with clear regulations.

Pompliano said the biggest fight over the bill is about who gets to offer yield, with banks trying to keep crypto firms out of the market.