US banks urge Congress to block stablecoin yield loophole, warning it could drain deposits, raise rates, and disrupt the US ...

US banks urge Congress to close GENIUS Act loophole allowing stablecoin yields, fearing deposit losses and weaker credit ...

US banks have warned that a gap in the GENIUS Act could allow stablecoin issuers to skirt restrictions on paying yield to ...

For senders, that means more of their money reaches family members abroad instead of being eaten up by transfer costs. For ...

But Circle faced another market test: its first earnings report as a public company. Circle, which has a partnership with ...

Western Union, a business known for moving money for nearly two centuries, is weighing a significant new venture. Its CEO, ...

Paxos Trust Company, the cryptocurrency firm behind PayPal's stablecoin, said it is applying to create a national trust bank in the U.S., joining a raft of digital asset companies looking to gain a ...

Paxos seeks a U.S. bank license, joining Ripple and Circle in aiming for federal oversight to boost trust and crypto ...

Paxos joins Circle and Ripple to apply for a US banking charter. The company issues stablecoins for clients, including PayPal ...

Circle launches ARC Blockchain with USDC gas token — but what hidden edge could make rivals worry and reshape the stablecoin ...

Paxos Trust Company, known for its role in supporting PayPal's stablecoin, has revealed plans to apply for a national trust bank charter in the US. This initiative reflects a broader movement among ...

Paxos seeks national bank charter to expand operations nationwide as regulatory clarity emerges with the GENIUS Act, ...