Fed Proposes Full Reserve And Capital Rules For US Stablecoin Issuers
The Federal Reserve has proposed two new rulemaking packages for payment stablecoin issuers under the GENIUS Act. Board-supervised issuers would have to fully back tokens with permitted reserve assets and meet standardized capital and risk-management requirements. The proposals are not final rules yet, with a 60-day public comment period ahead. **ID:** N25-01 **Site:** NewsBTC **Status:**…
IBM Connects Banks To Swift’s Blockchain Ledger For Tokenized Deposits
IBM Digital Asset Haven can now connect financial institutions to Swift’s blockchain-based shared ledger through a beta integration. Banks can instruct tokenized-deposit transactions using existing ISO 20022 payment messages. Swift’s ledger is already being tested by 17 first-mover institutions, while IBM is also adding an on-premises version of Digital Asset Haven. **ID:** N25-05 **Site:** NewsBTC…
Bastion Wins Conditional OCC Approval For National Trust Bank Charter
TL;DR Bastion has received conditional OCC approval to form a national trust bank. The charter is non-depository and geared toward custody and digital asset services. The company still has pre-opening conditions to satisfy before it can fully operate. Bastion is moving closer to operating under a federal banking charter after receiving conditional approval from the…
Coinbase And Stablecore Open Digital Asset Rails To 3,000+ Banks And Credit Unions
TL;DR Coinbase is partnering with Stablecore to bring crypto services into existing bank technology. Stablecore’s infrastructure reaches more than 3,000 U.S. banks and credit unions. The integration covers custody, trading and stablecoin payments. Coinbase is trying to make crypto considerably easier for smaller U.S. banks to offer without asking them to rebuild their technology stack.…
Ethereum Could Surge To $7,500 And Leave Bitcoin Behind, Banking Giant Says
Standard Chartered has pushed its base-case price target for Ethereum to $7,500 by the end of the year, a big jump from an earlier $4,000 projection. According to the bank’s digital assets team, growing demand from corporate treasury buyers and spot ETH products has driven the change in outlook. Bank Raises Ethereum Target The bank’s…
Banking Meets Bitcoin: French Banking Giant Offers Crypto To Millions
Based on reports, France’s second-largest banking group has started letting customers trade crypto in its mobile apps. BPCE opened the service on Monday for selected users of Banque Populaire and Caisse d’Épargne. Around 2 million people in four regional banks can now buy and sell Bitcoin, Ethereum, Solana and USDC through the apps. Measured Limited…