The Senate’s stablecoin legislation, the GENIUS Act, as well as the House’s crypto market structure bill, the CLARITY Act, have both advanced toward a full vote.

Stripe’s purchase of the embedded wallet developer is the latest in a series of moves into crypto, notably stablecoin payments.

The fintech giant’s native stablecoin is the 10th-largest in DeFi.

The Layer 1 blockchain is Ethereum’s only real competitor in terms of stablecoin market capitalization.

The USD stablecoin is now deployed on five major chains, including Ethereum, BNB Chain, Solana and Sui

Stablecoins now account for nearly one-third of DeFi revenue as growing adoption drives the sector’s market capitalization above $250 billion.

Banks are trying to “reclaim territory they've already ceded,” said Autonomys’ Todd Ruoff.

A survey by Fireblocks reveals a dramatic increase in the number of firms using or planning to use stablecoins for cross-border payments and faster settlement.

Crypto fintech MoonPay announced a virtual Mastercard that will let users make purchases with USDT, something Tether’s CEO calls ‘the best idea after sliced bread.’

Unity (UTY) is launching in beta and will offer yield and rewards for holders.