Fireblocks has expanded its institutional offering by buying TRES, a crypto accounting and tax compliance platform, as it looks to keep up with the use of stablecoins.
Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China’s interest-bearing digital yuan, hurting the US dollar.
Wyoming’s Frontier Stable Token (FRNT) is “the first fiat-backed, fully-reserved stable token” to be issued by a US public entity, says state Governor Mark Gordon.
The Trump family’s World Liberty Financial filed for a banking charter to gain greater control over its USD1 stablecoin and expand its adoption among institutions.
Stablecoins are emerging as critical infrastructure across both decentralized and traditional financial applications worldwide.
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