The Fed proposed two-business-day stablecoin redemptions, full reserve backing and capital charges under the GENIUS Act. The rules are not final.
The Clearing House selected Quant to build the interoperability layer for a U.S. bank tokenized-deposit network targeting the first half of 2027. Here is what is confirmed.
SoFiUSD settlement is live on Mastercard as SoFi migrates its $25B card program. The annual volume target differs from completed blockchain payments.
Goldman Sachs, Bank of America and 19 other financial institutions committed to form a global stablecoin company targeting a dollar-token launch in early 2027.
MUFG Bank, Mizuho Bank and SMBC plan live transactions for a jointly issued trust-type yen stablecoin in fiscal 2026, putting Japan's biggest banks into the stablecoin race.
JPMorgan, Bank of America, Citi and other big banks are backing a Clearing House tokenized deposit network aimed at 24/7 regulated digital dollars.
FDIC says Illinois closed Metropolitan Capital Bank & Trust on Jan. 30, 2026; First Independence Bank assumed deposits in the first U.S. failure of 2026.