- Amazon and Visa are considering launching stablecoins to reduce dependence on traditional payment networks following the GENIUS Act.
- A consortium launched a joint stablecoin Open Standard and signed the GENIUS Act setting stablecoin rules.
Stellar utilized Nethermind for Confidential Tokens and joined the Open USD initiative backed by major financial institutions.
1 report, 1 independent
Updated Jul 2
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Stellar utilized Nethermind for Confidential Tokens and joined the Open USD initiative backed by major financial institutions.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Stellar
Payment & Exchange Network
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Visa Inc.
American multinational financial services corporation
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Coinbase
American company that operates a cryptocurrency exchange platform
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Mastercard
American multinational financial services corporation
Related events
- Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
- Coinbase is developing an AI agent for trading strategies, which has been registered with the SEC, leading to the launch of fully backed 1:1 tokenized offerings.
- BlackRock issues funds focused on Bitcoin, utilizing Coinbase as the shared custodian.