Sep 23, 2026
Business
Americans Would Use Stablecoins—If They Came With Bank Protections, Visa Study Finds
Most Americans still don't know what a stablecoin is. Offer them the safety net of a bank account, though, and a majority say they'd use one. That's the principal finding from Visa's Money Travels 2026 report, released Wednesday. In a hypothetical scenario where stablecoins came with bank-level fraud protection and deposit insurance, the share of Americans willing to use them for international transfers jumped from 36% to 56%, the payments giant said. Myriad: Where does Ethereum go next? Click t...
Aug 26, 2026
Business
Tokenized Deposits Could Drain $700 Billion From Bank Lending, Dallas Fed Warns
Tokenized deposits could enable faster payments but make banks’ funding less stable, according to a report by the Dallas Federal Reserve. The report, published on Tuesday, examines how widespread adoption could affect bank liquidity and maturity transformation—the use of deposits available on demand to finance longer-term loans. Myriad: Crude oil's next move? Click to make your prediction. “Increasing adoption of distributed ledger technology—blockchain is the best known—has opened up digital pa...
Aug 20, 2026
Business
Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules
The top U.S. banking regulator says it will finalize its rules for stablecoin issuers by November, moving to beat a fast-approaching deadline for the country's landmark digital-dollar law. Jonathan Gould, head of the Office of the Comptroller of the Currency, laid out the timeline Wednesday at the Wyoming Blockchain Symposium, an event hosted by SALT in Jackson. He said the agency is working at a rapid pace and expects to publish a final rule by November as it weighs feedback gathered from the c...
Aug 17, 2026
Law and Order
Treasury Proposes Rules Defining Who Can Legally Sell Stablecoins in US
The U.S. Department of the Treasury proposed rules Monday defining which stablecoins can be issued or sold in the United States under the GENIUS Act. The proposal implements Section 3 of the GENIUS Act, signed into law last summer. According to the proposal, beginning January 18, 2027, stablecoin issuers generally must obtain a federal or state license. Platforms can also sell foreign-issued stablecoins, but only if the foreign issuer complies with U.S. legal orders and agreements between the U....
Jul 31, 2026
Business
Circle Lands New York Trust Charter as Stablecoin Issuer Expands Regulatory Footprint
Circle has received a limited purpose trust charter from the New York Department of Financial Services (NYDFS), giving the USDC stablecoin issuer another regulatory approval as it expands its operations. The company said Friday that under the charter Circle will do business as Circle New York Trust, noting that the charter builds on the BitLicense it received in 2015. "Earning a New York trust charter has been a longstanding objective for Circle," CEO Jeremy Allaire said in a statement, callin...
Jul 18, 2025
Business
Tether's CEO Says USDT Is Coming to America—And Circle’s CEO Isn’t Afraid
Minutes after President Donald Trump signed the GENIUS Act into law, the CEOs of the world’s two largest stablecoin issuers laid out their plans for complying with the landmark legislation, with each making the case that their own company is better suited to America’s new regulatory landscape. Paolo Ardoino, CEO of Tether, the world’s top stablecoin issuer, told Decrypt Friday his company intends to make sure USDT—its flagship dollar-pegged token—complies with the GENIUS Act’s regime for foreign...
Jun 5, 2025
Business
‘They Make No Money’: Here’s What Tether’s CEO Had to Say About Circle Before Its Massive IPO
It was early April, during the middle of a conversation with Decrypt at Cantor Fitzgerald’s swanky midtown Manhattan headquarters, that Tether CEO Paolo Ardoino abruptly asked to pause the interview. The reason? He’d noticed a “weird message” on the laptop open in front of him. After twenty seconds of silence in the conference room, Ardoino’s face flashed a big grin. Reports were circulating that Circle, one of Tether’s chief competitors, might tap the brakes on its long-planned IPO. ”People w...
Jun 4, 2025
Business
Stablecoin Giant Circle Raises $1.1B in IPO, Valued at $6.9B Ahead of NYSE Debut
Circle has priced its initial public offering at $31 per share, raising approximately $1.1 billion in an upsized deal that exceeded both initial size and guidance. The offering values the stablecoin issuer at $6.9 billion based on outstanding shares, with a fully diluted valuation of $8.1 billion including options and warrants. The company and selling shareholders sold a total of 34 million shares, up from 32 million as of Monday. Circle initially aimed to sell 24 million shares at $24 to $26....
May 20, 2025
Law and Order
Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days. Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief a...
May 15, 2025
Law and Order
Senate Stablecoin Bill Makes Progress With New Draft—Here's What's In It
Amidst the nail-biter, week-long drama over whether the Senate’s GENIUS Act is really dead or not, progress appears to have been made Thursday—with pro-crypto Democrats now touting concessions they’ve received from Republican colleagues in a new draft of the bill, which could see a vote by early next week. Decrypt obtained a copy and reviewed this negotiated draft of the Senate’s stablecoin legislation. The bill indeed contains new language on issues such as national security protections, ethics...
May 13, 2025
Law and Order
Is the Senate Stablecoin Bill Dead? Here's What's Going On
It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage? It depends who you a...
May 7, 2025
Law and Order
Senate Nears Deal on Stablecoin Bill as Lawmakers Race Against the Clock
After several days of high-stakes crypto drama on Capitol Hill, a clique of holdout Senate Democrats appears to be nearing a deal to support stablecoin legislation—though the matter is far from settled. On Wednesday, a small group of pro-crypto Democratic senators including Ruben Gallego (D-AZ), Mark Warner (D-VA), and Angela Alsobrooks (D-MD) met with Republican counterparts to discuss terms that would win back their support of the GENIUS Act, which would establish a framework for offering sta...
May 6, 2025
Law and Order
House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’
House Democrats staged a walkout of a digital assets-focused hearing on Tuesday, with party leadership threatening that President Donald Trump’s personal crypto ventures could derail bipartisan support of pending crypto legislation. House Financial Services Committee ranking member Maxine Waters (D-CA) led the charge, objecting at the outset to the hearing’s convening. A dramatic scene then ensued, with Democrats including Rep. Stephen Lynch (D-MA) yelling out a list of crypto-related profits t...
Apr 24, 2025
Markets
Myriad Moves: Predictions on Trump Tariffs, the Canadian Election, Next Pope and More
The rise of prediction markets has given crypto participants a wide array of opportunities to test their knowledge of markets, politics, pop culture, and more. By using a prediction market like Myriad, users can follow or wager on a real-time, community-sourced indicator of an event’s likelihood, potentially cashing in on their knowledge in the process. What’s popping on Myriad this week? Here’s a look at some of the most interesting, active, and newsworthy markets right now, including current...
Apr 11, 2025
Markets
Public Keys: High Hopes for HOOD, Custody Battle for Coinbase, and Analysts' Favorite Metric
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Robinhood and MARA Holdings were the only two crypto stocks that ended the week in the green; Coinbase gets competition for its custody biz; and why GDP isn’t all that interesting for asset managers. Green shoots for Robinhood and MARA Trading platform Robinhood and Bitcoin miner MARA Holdings managed to end what’s been another rollercoaster five days for markets higher than they were th...
Apr 2, 2025
Law and Order
Trump’s Crypto Conflicts Dominate Stablecoin Legislation Debate
A House Financial Services Committee markup of stablecoin legislation appeared to go off course Wednesday, with Democrats spending hours hammering home the same message: They would in principle support the STABLE Act, but see President Donald Trump’s personal involvement in the stablecoin sector as an unacceptable conflict of interest. Multiple Democrats, including a co-sponsor of the STABLE Act itself, offered amendments to the bill on Wednesday that would have prevented the president, his cab...
Apr 1, 2025
Law and Order
Top Lawmaker Shuts Down Coinbase Plea for Interest-Bearing Stablecoins
As stablecoin legislation races toward the finish line in both chambers of Congress, crypto leaders have issued increasingly direct appeals to make those bills more favorable to their industry—but they're encountering resistance from lawmakers. One emergent sticking point has been whether U.S.-regulated stablecoins should be allowed to generate interest for holders moving forward. On Coinbase, for instance, users can currently earn 4.1% APY on their USDC deposits—an attractive feature that coul...
Mar 28, 2025
Law and Order
Stablecoin Legislation Shouldn’t Force Issuers to Comply With Bank Secrecy Act: Rep. Tom Emmer
In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act. Including such a provision in the legislation could box out foreign issuers while favoring U.S. co...
Mar 6, 2025
Our Company
Prediction Market MYRIAD Launches USDC Markets
MYRIAD, the on-chain prediction market from Decrypt and Rug Radio parent company DASTAN, has launched USDC markets on its platform. The milestone means that for the first time, MYRIAD users can make predictions using Circle’s regulated stablecoin USDC, which can be redeemed 1:1 for U.S. dollars. “USDC markets is huge for us,” DASTAN co-founder and President Farokh Sarmad told Decrypt. He explained that with USDC markets on MYRIAD, “predictions are real-time consumer sentiment,” adding that the p...
Dec 11, 2024
Markets
Binance and Circle Partner to Boost Global USDC Adoption
The world’s leading cryptocurrency exchange Binance partnered with U.S.-based stablecoin issuer Circle to accelerate the adoption of the USDC stablecoin. The two companies announced their collaboration at the Abu Dhabi Finance Week on Dec. 11, and said they hope to “support the development of the global digital assets and broader financial services ecosystem.” The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications. Binance and...