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U.S. state banking associations are targeting a 2027 launch for the BankChain Alliance, a nationwide blockchain network designed to support stablecoins, payments and tokenized deposits within the banking system’s regulatory sphere.
World Liberty Financial has launched USD1 natively on the Canton Network. Cointelegraph reported that USD1 is the sixth-largest stablecoin, with a market capitalization exceeding $4 billion, according to industry data.
A crypto trade group says extending KYC requirements to peer-to-peer stablecoin wallet transfers would “cripple the industry,” as regulators implement the GENIUS Act.
