Fed Stablecoin Rules Miss July Deadline, Restrict Yield Rewards
Federal Reserve proposed stablecoin rules 68 days late with yield restrictions. Banks face compressed timeline before January 2027 GENIUS Act deadline.
Federal Reserve proposed stablecoin rules 68 days late with yield restrictions. Banks face compressed timeline before January 2027 GENIUS Act deadline.
The OCC approved three crypto bank charters on Sept 18, 2026. The agency received 40 de novo applications in 18 months, exceeding 2011-2024.
OSFI says tokenized deposits are not a new legal product, just bank liabilities under existing rules. Canadian banks get a green light, no on-chain break.
An Arbitrum committee moved to ban three teams over 457,553 ARB in misused grants, but the proposed penalty cannot freeze wallets or claw back the funds.
Ondo stopped minting USDY on Aptos and Noble on September 8. The tokens stay redeemable, but Noble is the chain that feeds USDY to the Cosmos networks.
USDT holds close to 60 percent of stablecoin supply, yet Visa adjusted data shows USDC settling nearly two thirds of the real dollars that actually move.
Impermanent loss is the gap between adding two tokens to a pool and just holding them. What it is, the size at each price move, and why it rarely reverses.
An unsafe integer downcast let an attacker drain about $1.7M from a dormant Notional Finance escrow contract, and the stolen funds moved to Tornado Cash.
Scott Bessent bet stablecoins would become a big new buyer of US Treasuries. Supply has slipped to a six-month low as the GENIUS Act sends yield elsewhere.
Twenty-one global banks are building a dollar stablecoin for 2027, but Tether, Circle and a 140-firm Open USD bloc already control the rails they want.
The GENIUS Act set a one-year deadline for stablecoin rules that lapsed in July 2026. Regulators keep drafting while the market held near $303 billion.
Polymarket prices the CLARITY Act at 13% to become law in 2026 while Kalshi gives the September vote a 91% chance. Its odds fell from 82% in February.
The OCC gave World Liberty a national trust bank charter on August 14. The win serves its $4 billion USD1 stablecoin, not WLFI, which gained just 0.7%.
Tether's first full KPMG audit certifies a December 2025 snapshot. Its own June report shows the reserve buffer already down 40 percent.
Neutrl paused NUSD minting and redemptions over an unnamed reserve issue. The synthetic dollar's supply had already fallen 76% since February.
Curve turned on CRV rewards for three LlamaLend v2 gauges and CRV jumped 10 percent. LlamaLend earned $528 in fees last week and paid holders zero.