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Coinbase and Citi have specified two institutional stablecoin payment services: stablecoin acceptance through Spring by Citi and automatic conversion of incoming fiat through Coinbase Virtual Accounts. The companies have not disclosed customers, transaction volumes, pricing, eligible currencies or supported stablecoins.
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Citi’s U.S. institutional clients can accept stablecoin payments through Spring by Citi, with Coinbase converting tokens into fiat and Citi settling the funds. Coinbase is also using Citi’s banking infrastructure for accounts that automatically convert incoming fiat into stablecoins.
Citigroup and Coinbase are partnering to help businesses move between fiat currency and stablecoins through regulated banking and crypto infrastructure. The arrangement will support account-like payment services and stablecoin checkout while allowing merchants to avoid directly holding digital assets.
Bybit and Franklin Templeton will let eligible institutions use tokenized money-market fund shares as collateral for USDT or USDC credit lines. The assets can remain in off-exchange custody while clients use the borrowed liquidity to trade on Bybit.
Breez’s latest SDK feature lets apps accept stablecoin payments from more than 30 crypto networks while delivering recipients bitcoin or a dollar balance. The update is intended to simplify cross-network payments without requiring users to manage different wallets or blockchain infrastructure.
Hong Kong-based stablecoin payments company RedotPay says it has completed a financial audit and compliance review as it continues preparing for a U.S. IPO, rejecting a report that legal and regulatory issues had deferred the listing until 2027 or later.
Proposed Federal Reserve rules would give under-collateralized payment stablecoin issuers 24 hours to notify the regulator and submit a recovery plan, potentially setting up a liquidation process within about 48 hours.
CryptoSlate reports that a proposed Federal Reserve framework would make stablecoin circulation a capital cost for supervised issuers. At $1 billion outstanding and no non-reserve revenue, the operating-risk baseline would be $20 million before adjustments.
The post Tom Lee Says Crypto Rally Could Go Much Further – Here’s What’s Driving It appeared first on Coinpedia Fintech News BitMine chairman Tom Lee believes the crypto rally could extend further. He expects the curren...
The Federal Reserve proposed regulations to implement last year’s GENIUS Act, including provisions governing stablecoin yield programs. The move starts the process of translating the law into detailed rules for the stablecoin sector.
The Federal Reserve has proposed capital requirements, a two-day redemption window and new reserve disclosures for stablecoin issuers as regulators implement the GENIUS Act, Cointelegraph reports.
The Federal Reserve opened two GENIUS Act proposals for comment: one requiring supervised stablecoin issuers to fully back tokens with safe assets, and another creating an application process for banks seeking to issue stablecoins.
