China is considering allowing yuan-backed stablecoins for the first time as part of a State Council plan to boost global currency adoption, marking a major policy reversal from its 2021 cryptocurrency ban. The initiative aims to counter U.S. dollar dominance in digital payments, with Hong Kong and Shanghai leading implementation efforts.
Wyoming has launched the Frontier Stable Token (FRNT), becoming the first U.S. public entity to issue a blockchain-based stablecoin backed by dollars and treasuries. The token operates across seven blockchain networks and aims to enable secure digital payments for citizens and businesses.
Tether’s Q2 2025 financial results reveal the stablecoin issuer now ranks as the 18th largest holder of US Treasury securities worldwide, surpassing major sovereign wealth funds.
President Trump signed the GENIUS Act into law, establishing the first federal framework for dollar-backed stablecoins and marking a major victory for the crypto industry. The legislation is expected to drive widespread adoption and encourage traditional banks to enter the stablecoin market.
Corporations are aggressively building Bitcoin treasuries worth billions while yield-bearing stablecoins emerge as the next major crypto adoption driver across multiple jurisdictions. Global regulatory frameworks for stablecoins are rapidly taking shape as traditional finance embraces digital asset integration.
Circle’s valuation surges to $6.6 billion amid growing USDC adoption, flipping competitor USDC in market cap rankings. The stablecoin issuer’s growth signals shifting dynamics in the digital dollar ecosystem.
Wyoming’s Stable Token Commission ranked Aptos highest among 10+ blockchains for its WYST stablecoin pilot program, scoring 32 points. The state-backed dollar-pegged stablecoin aims to generate revenue through Treasury bond interest while promoting financial innovation.
The US Senate has approved the GENIUS Act with bipartisan support, establishing the first federal regulatory framework for stablecoins. The bill now moves to the House before potentially reaching President Trump’s desk for final approval.
French banking giant Societe Generale will launch USD Coinvertible (USDCV) on Ethereum and Solana networks in early July, partnering with BNY Mellon as reserve custodian. This marks the bank’s second stablecoin offering following their successful EUR Coinvertible launch in 2023.
Uber CEO Dara Khosrowshahi announced the company is studying stablecoins as a payment solution to reduce cross-border transaction costs and streamline operations across its global platform. The ride-sharing giant joins other major corporations exploring digital currency adoption amid improving regulatory clarity.
