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Binance Lists USD1 Stablecoin from World Liberty Financial – A New Regulatory Era Begins?
Binance has officially listed USD1, the stablecoin issued by World Liberty Financial (WLFI). Spot trading begins on May 22 at 12:00 UTC, with withdrawals opening on May 23.
This launch comes just as the U.S. Senate moves forward with the groundbreaking GENIUS bill, which aims to regulate stablecoins. Listing USD1 on Binance is more than a technical move — it signals a shift in the digital financial landscape.
🔹 What Is USD1 – and Why Is Binance Betting on It?
USD1, launched in April 2025, is a fiat-backed digital stablecoin designed to maintain a 1:1 peg to the U.S. dollar and enable frictionless movement between fiat and crypto assets.
🔐 It is fully managed by BitGo Trust Company, a regulated trust entity based in South Dakota, making it one of the most legally robust options on the market.
At launch, USD1 was trading at $1.0018, up 0.09% in the past 24 hours.
💼 Binance Prepares Traders
Users can now deposit USD1 on Binance. Trading will start on May 22, and withdrawals will be open on May 23.
Binance clarified that the withdrawal time is only an estimate, and users should check the platform’s withdrawal page for updates.
Standard trading fees apply, and Binance warned that manipulation, code tampering, or fraudulent activity will result in disqualification of trades or accounts.
🌐 Entering the Stablecoin Arena: Can WLFI Compete with Tether?
USD1 enters a fiercely competitive market — with Tether (USDT) holding over 60% market share. But WLFI comes prepared:
🔹 Strong legal foundation
🔹 Regulatory alignment
🔹 A record-breaking $2 billion investment from Abu Dhabi’s MGX fund, Binance’s largest-ever digital asset investment
📊 Stablecoin Volume Beats Mastercard and Visa
According to Deutsche Bank, stablecoin transactions reached $28 trillion last year, surpassing both Mastercard and Visa combined.
Stablecoins are no longer alternatives — they are fast becoming a foundation for modern finance.
🏛️ GENIUS Bill Clears Senate – Trump’s Team Sees Trillions Coming
The GENIUS bill, which establishes legal clarity for stablecoins, has now passed a key Senate vote — 66 in favor vs. 32 against. Notably, 16 Democrats joined Republicans to support the legislation.
David Sacks, Trump’s lead advisor on crypto and AI, said the U.S. expects this bill to unlock trillions in demand for U.S. Treasuries:
“We already have over $200 billion in stablecoins. With legal clarity, we could unlock trillions of dollars almost overnight,” Sacks stated.
⚠️ Concerns Over Conflicts of Interest: Trump’s Ties to Digital Assets
Some Democrats raised concerns over Trump’s personal involvement with USD1 and his meme coin, arguing it creates unprecedented conflicts of interest.
Nevertheless, the bill passed — and Sacks described GENIUS as not just a crypto law, but a national economic strategy that will deliver faster, cheaper, and smoother payments.
📌 Summary: USD1 Takes Off – and May Reshape the Market
With USD1 now live on Binance and the GENIUS bill advancing through Congress, the crypto world is entering a new era, where stablecoins aren’t just tools — they’re infrastructure.
#USD1 , #stablecoin , #WorldLibertyFinancial , #TRUMP , #Binance
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
This launch comes just as the U.S. Senate moves forward with the groundbreaking GENIUS bill, which aims to regulate stablecoins. Listing USD1 on Binance is more than a technical move — it signals a shift in the digital financial landscape.
🔹 What Is USD1 – and Why Is Binance Betting on It?
USD1, launched in April 2025, is a fiat-backed digital stablecoin designed to maintain a 1:1 peg to the U.S. dollar and enable frictionless movement between fiat and crypto assets.
🔐 It is fully managed by BitGo Trust Company, a regulated trust entity based in South Dakota, making it one of the most legally robust options on the market.
At launch, USD1 was trading at $1.0018, up 0.09% in the past 24 hours.
💼 Binance Prepares Traders
Users can now deposit USD1 on Binance. Trading will start on May 22, and withdrawals will be open on May 23.
Binance clarified that the withdrawal time is only an estimate, and users should check the platform’s withdrawal page for updates.
Standard trading fees apply, and Binance warned that manipulation, code tampering, or fraudulent activity will result in disqualification of trades or accounts.
🌐 Entering the Stablecoin Arena: Can WLFI Compete with Tether?
USD1 enters a fiercely competitive market — with Tether (USDT) holding over 60% market share. But WLFI comes prepared:
🔹 Strong legal foundation
🔹 Regulatory alignment
🔹 A record-breaking $2 billion investment from Abu Dhabi’s MGX fund, Binance’s largest-ever digital asset investment
📊 Stablecoin Volume Beats Mastercard and Visa
According to Deutsche Bank, stablecoin transactions reached $28 trillion last year, surpassing both Mastercard and Visa combined.
Stablecoins are no longer alternatives — they are fast becoming a foundation for modern finance.
🏛️ GENIUS Bill Clears Senate – Trump’s Team Sees Trillions Coming
The GENIUS bill, which establishes legal clarity for stablecoins, has now passed a key Senate vote — 66 in favor vs. 32 against. Notably, 16 Democrats joined Republicans to support the legislation.
David Sacks, Trump’s lead advisor on crypto and AI, said the U.S. expects this bill to unlock trillions in demand for U.S. Treasuries:
“We already have over $200 billion in stablecoins. With legal clarity, we could unlock trillions of dollars almost overnight,” Sacks stated.
⚠️ Concerns Over Conflicts of Interest: Trump’s Ties to Digital Assets
Some Democrats raised concerns over Trump’s personal involvement with USD1 and his meme coin, arguing it creates unprecedented conflicts of interest.
Nevertheless, the bill passed — and Sacks described GENIUS as not just a crypto law, but a national economic strategy that will deliver faster, cheaper, and smoother payments.
📌 Summary: USD1 Takes Off – and May Reshape the Market
With USD1 now live on Binance and the GENIUS bill advancing through Congress, the crypto world is entering a new era, where stablecoins aren’t just tools — they’re infrastructure.
#USD1 , #stablecoin , #WorldLibertyFinancial , #TRUMP , #Binance
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
#stablecoin circulating supply has surpassed its early 2022 all time highs, driven primarily by $USDC and $USDT
See original
Stablecoin: The Long-Term Future of the Global Financial System?
Stablecoins are emerging as a potential factor to modernize the financial system, especially in the long term, thanks to #GENIOUSAct – the stablecoin bill in the U.S. Senator Bill Hagerty noted that this is an opportunity to reform the U.S. financial system, which relies on technology from the 70s and 80s, now outdated. He emphasized that USD-pegged stablecoins will strengthen the dollar's position as the global reserve currency.
The bill requires each dollar #stablecoin to be 100% backed by cash or short-term government bonds, forcing issuers to buy Treasury bonds. This not only increases the demand for U.S. bonds, supporting national finance, but also creates a solid foundation for stablecoins. Citi Bank forecasts that by 2030, stablecoin issuers could become the largest holders of Treasury bonds in the world, marking a significant transformation.
With this potential, in the next 5-10 years, stablecoins could become the dominant payment instrument, facilitating fast, transparent, and low-cost cross-border transactions. As giants like Meta and Stripe have begun testing integration, stablecoins are not only DeFi assets but also a pillar of the digital economy, shaping the future of the global financial landscape.
Risk warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong
Stablecoins are emerging as a potential factor to modernize the financial system, especially in the long term, thanks to #GENIOUSAct – the stablecoin bill in the U.S. Senator Bill Hagerty noted that this is an opportunity to reform the U.S. financial system, which relies on technology from the 70s and 80s, now outdated. He emphasized that USD-pegged stablecoins will strengthen the dollar's position as the global reserve currency.
The bill requires each dollar #stablecoin to be 100% backed by cash or short-term government bonds, forcing issuers to buy Treasury bonds. This not only increases the demand for U.S. bonds, supporting national finance, but also creates a solid foundation for stablecoins. Citi Bank forecasts that by 2030, stablecoin issuers could become the largest holders of Treasury bonds in the world, marking a significant transformation.
With this potential, in the next 5-10 years, stablecoins could become the dominant payment instrument, facilitating fast, transparent, and low-cost cross-border transactions. As giants like Meta and Stripe have begun testing integration, stablecoins are not only DeFi assets but also a pillar of the digital economy, shaping the future of the global financial landscape.
Risk warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong
🏦 JPMorgan analysts have expressed skepticism about projections that the #stablecoin market will exceed $1 trillion in size
Despite progress in the US Senate on the GENIUS bill, they believe current expectations of a 3–4x increase in stablecoin supply over the next year or two are overly optimistic.
They point out that the bill's ban on paying interest on stablecoins will likely limit their growth potential.
According to JPMorgan, compliant issuers — such as banks and fintech firms — stand to benefit, while less compliant issuers like Tether (#USDT ) may be forced to make adjustments.
Despite progress in the US Senate on the GENIUS bill, they believe current expectations of a 3–4x increase in stablecoin supply over the next year or two are overly optimistic.
They point out that the bill's ban on paying interest on stablecoins will likely limit their growth potential.
According to JPMorgan, compliant issuers — such as banks and fintech firms — stand to benefit, while less compliant issuers like Tether (#USDT ) may be forced to make adjustments.
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🚀 The US is getting closer to a legal framework for stablecoin!
Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, praised the passage of the GENIUS Act as a "significant step that has been delayed too long" in affirming the U.S. leadership role in the digital asset space.
He emphasized the spirit of bipartisan cooperation, as many Democratic lawmakers returned to the negotiating table and supported the bill.
👀 The GENIUS Act will lay the foundation for a system:
👉🏿 Promoting innovation
👉🏿 Protecting consumers
👉🏿 Strengthening national security
Stablecoin is officially entering the legal arena in the U.S.!
#stablecoin
Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, praised the passage of the GENIUS Act as a "significant step that has been delayed too long" in affirming the U.S. leadership role in the digital asset space.
He emphasized the spirit of bipartisan cooperation, as many Democratic lawmakers returned to the negotiating table and supported the bill.
👀 The GENIUS Act will lay the foundation for a system:
👉🏿 Promoting innovation
👉🏿 Protecting consumers
👉🏿 Strengthening national security
Stablecoin is officially entering the legal arena in the U.S.!
#stablecoin
White House Backs #stablecoin Bill Set to Unlock Trillions
The U.S. is on the verge of a financial shake-up as the GENIUS Act, a new bill aimed at regulating stablecoins, gains strong bipartisan support. Spearheading the push is David Sacks, President Trump’s top crypto and AI advisor, who believes this legislation could unleash trillions in demand for U.S. Treasuries.
“Trillions Overnight”
“We already have over $200 billion in stablecoins — it’s just unregulated,” said Sacks. With proper legal clarity, he believes stablecoins can serve as powerful tools for driving treasury demand and modernizing U.S. payment infrastructure.
The GENIUS Act cleared a key Senate vote, with 15 Democrats joining Republicans to break the filibuster threshold. Final passage now appears within reach.
Red Flags Over Ethics
Despite the bill’s economic promise, concerns persist. Critics warn that President Trump’s personal ventures in crypto, including a meme coin and a family-backed stablecoin (USD1), pose serious conflict-of-interest risks.
Sacks, who sold $200 million in crypto holdings before joining the White House, sidestepped questions about the president’s ongoing financial ties.
Stablecoins: The Future of Payments?
Unlike volatile cryptocurrencies like Bitcoin, stablecoins are pegged to assets like the U.S. dollar, offering more stable value and wider use in transactions. Last year, stablecoin volume surpassed Visa and Mastercard combined, reaching $28 trillion.
Sacks describes the #GENIUSAct as more than crypto legislation — it’s an economic strategy to digitize the dollar and boost U.S. dominance in online finance.
Challenges Ahead
Still, hurdles remain. A controversial rider capping credit card late fees, added by Senator Josh Hawley, could delay passage by upsetting key banking allies.
Thanks for reading!🙏
Please like, share, and follow for more updates on digital finance and policy breakthroughs. 💼📲
The U.S. is on the verge of a financial shake-up as the GENIUS Act, a new bill aimed at regulating stablecoins, gains strong bipartisan support. Spearheading the push is David Sacks, President Trump’s top crypto and AI advisor, who believes this legislation could unleash trillions in demand for U.S. Treasuries.
“Trillions Overnight”
“We already have over $200 billion in stablecoins — it’s just unregulated,” said Sacks. With proper legal clarity, he believes stablecoins can serve as powerful tools for driving treasury demand and modernizing U.S. payment infrastructure.
The GENIUS Act cleared a key Senate vote, with 15 Democrats joining Republicans to break the filibuster threshold. Final passage now appears within reach.
Red Flags Over Ethics
Despite the bill’s economic promise, concerns persist. Critics warn that President Trump’s personal ventures in crypto, including a meme coin and a family-backed stablecoin (USD1), pose serious conflict-of-interest risks.
Sacks, who sold $200 million in crypto holdings before joining the White House, sidestepped questions about the president’s ongoing financial ties.
Stablecoins: The Future of Payments?
Unlike volatile cryptocurrencies like Bitcoin, stablecoins are pegged to assets like the U.S. dollar, offering more stable value and wider use in transactions. Last year, stablecoin volume surpassed Visa and Mastercard combined, reaching $28 trillion.
Sacks describes the #GENIUSAct as more than crypto legislation — it’s an economic strategy to digitize the dollar and boost U.S. dominance in online finance.
Challenges Ahead
Still, hurdles remain. A controversial rider capping credit card late fees, added by Senator Josh Hawley, could delay passage by upsetting key banking allies.
Thanks for reading!🙏
Please like, share, and follow for more updates on digital finance and policy breakthroughs. 💼📲
#stablecoin
major French bank will launch a stablecoin on the Ethereum chain.
SG Forge, a subsidiary of Société Générale, is preparing to launch a "digital dollar" (stablecoin) on the Ethereum exchange. It will be the first stablecoin issued by a real bank.
In the past, stablecoins like USDC and USDT were only issued by fintech companies (Circle, Tether), but this time, a European bank will be directly competing.
According to The Big Whale, the stablecoin will target institutional investors in the European Union, and plans to launch on Ethereum and then expand to other exchanges like Solana.
JPMorgan has issued JPM Coin, but it is for limited use within its system. SG Forge will actually issue it on a public exchange.
In April 2023, SG Forge launched the Euro Stablecoin (EUR CoinVertible - EURCV) on Ethereum. Now, the Dollar Stablecoin will be their second project.
With the dollar stablecoin market cap at nearly $250 billion, and euro stablecoins at just a few million, SG Forge’s entry puts it in direct competition with Circle and Tether, whose advantage is that they are a bank with a legal e-money license under EU law.
In addition to SG Forge, major financial companies such as Stripe, Visa, and MasterCard are also accelerating their efforts in the stablecoin space. Stripe is preparing to acquire a stablecoin platform, while Visa and MasterCard are also developing stablecoin-based payment systems.
$USDC
major French bank will launch a stablecoin on the Ethereum chain.
SG Forge, a subsidiary of Société Générale, is preparing to launch a "digital dollar" (stablecoin) on the Ethereum exchange. It will be the first stablecoin issued by a real bank.
In the past, stablecoins like USDC and USDT were only issued by fintech companies (Circle, Tether), but this time, a European bank will be directly competing.
According to The Big Whale, the stablecoin will target institutional investors in the European Union, and plans to launch on Ethereum and then expand to other exchanges like Solana.
JPMorgan has issued JPM Coin, but it is for limited use within its system. SG Forge will actually issue it on a public exchange.
In April 2023, SG Forge launched the Euro Stablecoin (EUR CoinVertible - EURCV) on Ethereum. Now, the Dollar Stablecoin will be their second project.
With the dollar stablecoin market cap at nearly $250 billion, and euro stablecoins at just a few million, SG Forge’s entry puts it in direct competition with Circle and Tether, whose advantage is that they are a bank with a legal e-money license under EU law.
In addition to SG Forge, major financial companies such as Stripe, Visa, and MasterCard are also accelerating their efforts in the stablecoin space. Stripe is preparing to acquire a stablecoin platform, while Visa and MasterCard are also developing stablecoin-based payment systems.
$USDC
Hong Kong Takes Lead in Crypto Regulation with Stablecoin Bill as US Trails Behind
In a bold move to hold its position as the global crypto hub, Hong Kong has announced the passage of the Stablecoin Bill.
With this move, Hong Kong has overpowered the United States in crypto regulation, as the latter lags behind in stablecoin laws.
Notably, Hong Kong’s move comes amid the uncertainty surrounding the much-hyped GENIUS Act in the US.
Though the Senate advanced the bill, its final passage is still pending.
The Legislative Council of Hong Kong has reportedly passed the third reading of the Stablecoin Bill.
With the bill, the government introduces a licensing regime for fiat-referenced stablecoin issuers in Hong Kong to bolster the city’s virtual asset regulatory framework and promote financial stability and innovation.
As per official statements, institutions will be able to apply to the Hong Kong Monetary Authority for stablecoin issuer licenses by the end of this year.
According to Legislative Council member Ng Kit Chuang, stablecoin regulation is a key priority in Hong Kong’s vision to become an international crypto hub.
Despite President Donald Trump’s pro-crypto measures and the SEC’s renewed approach to the industry, the country fails to lead in regulation.
Over the past few weeks, the community has been eagerly anticipating the passage of the GENIUS Act, a stablecoin bill that is poised to reshape the future of US crypto regulation.
#HongKong #BILL #GENIUSBill #stablecoin
In a bold move to hold its position as the global crypto hub, Hong Kong has announced the passage of the Stablecoin Bill.
With this move, Hong Kong has overpowered the United States in crypto regulation, as the latter lags behind in stablecoin laws.
Notably, Hong Kong’s move comes amid the uncertainty surrounding the much-hyped GENIUS Act in the US.
Though the Senate advanced the bill, its final passage is still pending.
The Legislative Council of Hong Kong has reportedly passed the third reading of the Stablecoin Bill.
With the bill, the government introduces a licensing regime for fiat-referenced stablecoin issuers in Hong Kong to bolster the city’s virtual asset regulatory framework and promote financial stability and innovation.
As per official statements, institutions will be able to apply to the Hong Kong Monetary Authority for stablecoin issuer licenses by the end of this year.
According to Legislative Council member Ng Kit Chuang, stablecoin regulation is a key priority in Hong Kong’s vision to become an international crypto hub.
Despite President Donald Trump’s pro-crypto measures and the SEC’s renewed approach to the industry, the country fails to lead in regulation.
Over the past few weeks, the community has been eagerly anticipating the passage of the GENIUS Act, a stablecoin bill that is poised to reshape the future of US crypto regulation.
#HongKong #BILL #GENIUSBill #stablecoin
#stablecoin
#Tron Tron is now #1 in usdt supply. • $74.5b in usdt now on TRON.
• Ethereum falls to 2nd.
• CONFIRMED by crypto quant chart
$TRX now leads the stable coin game.
#Tron Tron is now #1 in usdt supply. • $74.5b in usdt now on TRON.
• Ethereum falls to 2nd.
• CONFIRMED by crypto quant chart
$TRX now leads the stable coin game.
A French bank enters the dollar stablecoin market: a breakthrough or the beginning of a new race?
Listen, friend, are you aware that the French banking giant Société Générale is preparing for a rather bold step in the world of cryptocurrencies? Their subsidiary SG Forge, which is already known for its experiments with blockchain, is going to launch the world's first dollar-denominated stablecoin issued by a bank, and even on the public Ethereum platform.
What does it mean? Imagine a large bank, not a fintech startup like Circle or Tether, but a real giant of the European banking system, launching a token pegged to the dollar, which will exist in an open blockchain. That is, anyone who meets regulatory requirements will be able to use it — not like JPMorgan's JPM Coin, which lives in a closed system and is accessible only to a select few, but a truly open and verifiable asset.
This is not the first experience for SG Forge. Last year, they released EURCV, a stablecoin pegged to the euro. But, as it turned out, the euro-stablecoin market is still a narrow niche: only 300 million euros in circulation, of which 40 million is their own token. Compare it with the dollar, where the total market is already approaching 250 billion dollars! Therefore, it is not surprising that the bank decided to enter the dollar market.
Interestingly, this step coincided with how the stablecoin market is moving into a new phase. Financial companies like Stripe, Visa, and MasterCard are increasingly introducing tokens into their payment processes, and lawmakers in the United States are beginning to develop clear regulatory frameworks. Everything suggests that stablecoins are becoming not just a fashion, but a part of the future financial infrastructure.
Now, with the launch of SG Forge's dollar stablecoin, a regulated European bank is entering the game, which is able to offer a more transparent and secure alternative to the same USDC and USDT. Especially in the context of growing institutional demand for tokenized dollar liquidity, for example, for settlements, trading or DeFi applications.
So, my friend, a logical question arises.:
If even the largest banks are starting to switch to stablecoins en masse, isn't it time for us to seriously think about how they will change our financial lives?
#Stablecoins #stablecoin #CryptoNewss #Ethereum
What does it mean? Imagine a large bank, not a fintech startup like Circle or Tether, but a real giant of the European banking system, launching a token pegged to the dollar, which will exist in an open blockchain. That is, anyone who meets regulatory requirements will be able to use it — not like JPMorgan's JPM Coin, which lives in a closed system and is accessible only to a select few, but a truly open and verifiable asset.
This is not the first experience for SG Forge. Last year, they released EURCV, a stablecoin pegged to the euro. But, as it turned out, the euro-stablecoin market is still a narrow niche: only 300 million euros in circulation, of which 40 million is their own token. Compare it with the dollar, where the total market is already approaching 250 billion dollars! Therefore, it is not surprising that the bank decided to enter the dollar market.
Interestingly, this step coincided with how the stablecoin market is moving into a new phase. Financial companies like Stripe, Visa, and MasterCard are increasingly introducing tokens into their payment processes, and lawmakers in the United States are beginning to develop clear regulatory frameworks. Everything suggests that stablecoins are becoming not just a fashion, but a part of the future financial infrastructure.
Now, with the launch of SG Forge's dollar stablecoin, a regulated European bank is entering the game, which is able to offer a more transparent and secure alternative to the same USDC and USDT. Especially in the context of growing institutional demand for tokenized dollar liquidity, for example, for settlements, trading or DeFi applications.
So, my friend, a logical question arises.:
If even the largest banks are starting to switch to stablecoins en masse, isn't it time for us to seriously think about how they will change our financial lives?
#Stablecoins #stablecoin #CryptoNewss #Ethereum
Alex France:
Глупец ты. Суть крипты была и есть свобода. А то что регулируется банком, то регулируется и государством.
$40B Bank to Launch Dollar-Backed Stablecoin on Ethereum and Solana
Société Générale is moving towards the launch of a USD stablecoin on Ethereum with plans to expand to Solana amid clear principles.
SG Forge, the cryptocurrency division of EthereSociété Générale, is deepening its footprint in digital assets with the launch of a US dollar-backed stablecoin.
The French banking heavyweight is tapping Ethereum for a stablecoin rollout with further plans to expand to Solana.
Société Générale Eyes Dollar Backed Stablecoin Rollout On Ethereum
France-based Société Générale has its eyes on launching a USD-based stablecoin on the Ethereum blockchain. A
ccording to multiple reports, the French banking company is moving to a dollar-backed stablecoin in the coming weeks, leaning on Ethereum after a series of stablecoin rollouts.
SG Forge, the crypto unit of Société Générale, is leading the launch of a new dollar-backed stablecoin.
The upcoming stablecoin will first debut on Ethereum, but insiders say the offering will expand to the Solana blockchain.
For now, a clear timeline for the stablecoin's launch is still under wraps, but the report highlights key details.
First, SG Forge's dollar-backed stablecoin will only be available for institutional use rather than retail application.
For Société Générale, the long-term plan is to gain dominance in the EU for dollar-denominated stablecoins, creating a gap in the market.
Legal clarity from EU markets in crypto-assets (MiCA) regulation is prompting traditional financial institutions to explore stablecoins. Banks are keen to grab a chunk of market share from local crypto companies like Tether, Circle, and Ripple.
This is not the bank's first rodeo with stablecoins, as Société Générale has previously launched a euro-backed stablecoin in 2023.
Société Générale's Ethereum stablecoin offering comes as the US Senate has advanced the GENIUS Act after a long political row.
Stablecoin interest rose to an all-time high.
The global stablecoin market is heating up with incumbents scrambling to consolidate their positions and newcomers eager to grab a piece of the market. Mastercard has launched a stablecoin payment card service by partnering with MoonPay.
Meta is also eyeing a return to cryptocurrencies through a stablecoin strategy, while Visa and Stripe are keen to expand their stablecoin lines.
Among crypto-local players, WLFI has grown in competition with tapping Chainlink and Ethereum to secure its USD1 stablecoin transition.
Ripple, Circle, and Tether are moving toward regulatory compliance ahead of the upcoming GENIUS Act.
Ethereum and Solana are attracting institutional interest among institutions looking to push their stablecoin offerings.
Trump-backed WLFI has turned to Ethereum to launch its USD1 stablecoin, with USDC and USDT leaning on the blockchain.
#stablecoin $ETH $SOL #CryptoNewss #Market_Update
SG Forge, the cryptocurrency division of EthereSociété Générale, is deepening its footprint in digital assets with the launch of a US dollar-backed stablecoin.
The French banking heavyweight is tapping Ethereum for a stablecoin rollout with further plans to expand to Solana.
Société Générale Eyes Dollar Backed Stablecoin Rollout On Ethereum
France-based Société Générale has its eyes on launching a USD-based stablecoin on the Ethereum blockchain. A
ccording to multiple reports, the French banking company is moving to a dollar-backed stablecoin in the coming weeks, leaning on Ethereum after a series of stablecoin rollouts.
SG Forge, the crypto unit of Société Générale, is leading the launch of a new dollar-backed stablecoin.
The upcoming stablecoin will first debut on Ethereum, but insiders say the offering will expand to the Solana blockchain.
For now, a clear timeline for the stablecoin's launch is still under wraps, but the report highlights key details.
First, SG Forge's dollar-backed stablecoin will only be available for institutional use rather than retail application.
For Société Générale, the long-term plan is to gain dominance in the EU for dollar-denominated stablecoins, creating a gap in the market.
Legal clarity from EU markets in crypto-assets (MiCA) regulation is prompting traditional financial institutions to explore stablecoins. Banks are keen to grab a chunk of market share from local crypto companies like Tether, Circle, and Ripple.
This is not the bank's first rodeo with stablecoins, as Société Générale has previously launched a euro-backed stablecoin in 2023.
Société Générale's Ethereum stablecoin offering comes as the US Senate has advanced the GENIUS Act after a long political row.
Stablecoin interest rose to an all-time high.
The global stablecoin market is heating up with incumbents scrambling to consolidate their positions and newcomers eager to grab a piece of the market. Mastercard has launched a stablecoin payment card service by partnering with MoonPay.
Meta is also eyeing a return to cryptocurrencies through a stablecoin strategy, while Visa and Stripe are keen to expand their stablecoin lines.
Among crypto-local players, WLFI has grown in competition with tapping Chainlink and Ethereum to secure its USD1 stablecoin transition.
Ripple, Circle, and Tether are moving toward regulatory compliance ahead of the upcoming GENIUS Act.
Ethereum and Solana are attracting institutional interest among institutions looking to push their stablecoin offerings.
Trump-backed WLFI has turned to Ethereum to launch its USD1 stablecoin, with USDC and USDT leaning on the blockchain.
#stablecoin $ETH $SOL #CryptoNewss #Market_Update
🍿 Circle may be acquired for $5B
USDC stablecoin issuer Circle is in talks to sell the company for at least $5 billion.
📇 Potential buyers include the exchange Coinbase and the company Ripple.
Meanwhile, Circle is preparing for an IPO.
$USDC
$XRP
#seller #stablecoin
USDC stablecoin issuer Circle is in talks to sell the company for at least $5 billion.
📇 Potential buyers include the exchange Coinbase and the company Ripple.
Meanwhile, Circle is preparing for an IPO.
$USDC
$XRP
#seller #stablecoin
See original
Stablecoin: 'Internet Dollars' Will Be the Future of Global Finance?
In a recent interview on #CNBC , Ivan Soto-Wright, Founder and CEO of MoonPay, shared a deep and inspiring perspective on the long-term potential of stablecoins – a type of digital asset pegged to the value of fiat currencies like the USD.
According to Ivan, stablecoins are not merely a new technology, but a revolution in how people worldwide access the dollar. With an Internet connection, anyone, anywhere can receive and use 'digital dollars' as fast as the Internet, instead of relying on slow and expensive traditional money transfer systems.
According to Ivan, stablecoins are not merely a new technology, but a revolution in how people worldwide access the dollar. With an Internet connection, anyone, anywhere can receive and use 'digital dollars' as fast as the Internet, instead of relying on slow and expensive traditional money transfer systems.
🇺🇸 BREAKING: The #US Senate just PASSED the GENIUS Stablecoin Bill with 60+ votes! ✅
#stablecoin 's now have a clear legal framework in the US 🇺🇸
This is MASSIVE for #crypto adoption and institutional trust! 🚀
Regulation is here — and it's BULLISH.
#GENIUSAct #StablecoinRevolution
#stablecoin 's now have a clear legal framework in the US 🇺🇸
This is MASSIVE for #crypto adoption and institutional trust! 🚀
Regulation is here — and it's BULLISH.
#GENIUSAct #StablecoinRevolution
#GENIUSAct
🚨 BIG NEWS FOR XRP 🤯 Is it *finally* time to load up? 💸
💬 XRP Advocate Issues Warning: Crypto Progress at Risk Without Stablecoin Bill
$XRP advocate John E. Deaton has issued a stark warning: if the GENIUS Act a stablecoin regulation bill fails in the U.S. Senate, we might not see meaningful crypto legislation until 2029 😱.
Deaton, a key figure in the XRP legal battle, called the bill non-controversial and aligned with the national interest ⚖️. He says if lawmakers can’t pass something this basic, more complex reforms like market structure, crypto tax laws, or the Lummis-Gillibrand bill don’t stand a chance 📉.
🧠 The GENIUS Act, led by Sen. Bill Hagerty, aims to set clear rules for stablecoin issuers and require strong reserves to protect consumers 🛡️. Hagerty believes it will support dollar-backed innovation and finally bring clarity to U.S. crypto regulations 🇺🇸.
Despite the uphill battle Sen. Kirsten Gillibrand says the bill could pass this week 🗳️. Industry support is growing fast even Coinbase’s policy chief Faryar Shirzad called stablecoin legislation a “national priority” 🌐.
⚠️ But not everyone’s on board. Sen. Elizabeth Warren remains cautious, citing financial risks. Deaton also pointed out that the bill bans yield on stablecoin holdings, something traditional banks may push back on 🏦.
⏳ A Senate vote is expected soon. If it fails, major crypto moves including BitBonds and tax reform — could be stalled for years ⌛.
#XRP’ 💠 #CryptoNewss 🚀 #GENIUSAct 📜 #stablecoin 💵
$XRP
🚨 BIG NEWS FOR XRP 🤯 Is it *finally* time to load up? 💸
💬 XRP Advocate Issues Warning: Crypto Progress at Risk Without Stablecoin Bill
$XRP advocate John E. Deaton has issued a stark warning: if the GENIUS Act a stablecoin regulation bill fails in the U.S. Senate, we might not see meaningful crypto legislation until 2029 😱.
Deaton, a key figure in the XRP legal battle, called the bill non-controversial and aligned with the national interest ⚖️. He says if lawmakers can’t pass something this basic, more complex reforms like market structure, crypto tax laws, or the Lummis-Gillibrand bill don’t stand a chance 📉.
🧠 The GENIUS Act, led by Sen. Bill Hagerty, aims to set clear rules for stablecoin issuers and require strong reserves to protect consumers 🛡️. Hagerty believes it will support dollar-backed innovation and finally bring clarity to U.S. crypto regulations 🇺🇸.
Despite the uphill battle Sen. Kirsten Gillibrand says the bill could pass this week 🗳️. Industry support is growing fast even Coinbase’s policy chief Faryar Shirzad called stablecoin legislation a “national priority” 🌐.
⚠️ But not everyone’s on board. Sen. Elizabeth Warren remains cautious, citing financial risks. Deaton also pointed out that the bill bans yield on stablecoin holdings, something traditional banks may push back on 🏦.
⏳ A Senate vote is expected soon. If it fails, major crypto moves including BitBonds and tax reform — could be stalled for years ⌛.
#XRP’ 💠 #CryptoNewss 🚀 #GENIUSAct 📜 #stablecoin 💵
$XRP
🇺🇸 U.S. Senate Advances #stablecoin Bill 💵
The #GENIUSAct —a major bill to regulate USD-pegged stablecoins—just cleared a key Senate vote (62–32), signaling rising bipartisan support. ✅
🔹 1:1 USD backing required
🔹 Strict KYC/AML rules
🔹 Oversight for $10B+ issuers
🔹 Aims to curb tech monopolies
Next stop: full Senate vote before Memorial Day. If passed, it could reshape crypto regulation in the U.S.
#CryptoRegulations #Write2Earn $USDC $USDP $USD0
The #GENIUSAct —a major bill to regulate USD-pegged stablecoins—just cleared a key Senate vote (62–32), signaling rising bipartisan support. ✅
🔹 1:1 USD backing required
🔹 Strict KYC/AML rules
🔹 Oversight for $10B+ issuers
🔹 Aims to curb tech monopolies
Next stop: full Senate vote before Memorial Day. If passed, it could reshape crypto regulation in the U.S.
#CryptoRegulations #Write2Earn $USDC $USDP $USD0
Why USD1 Deserves a Spot in Your Portfolio
If you're keeping an eye on stablecoins and their pivotal role in the crypto ecosystem, USD1 is one token you should not overlook. Recently launched on Binance, USD1 offers a seamless blend of stability, reliability, and accessibility, making it a standout choice for traders, investors, and crypto enthusiasts alike.
What is USD1?
USD1 is a fully-backed stablecoin pegged to the US Dollar, designed to ensure consistent value and enable efficient trading in the crypto markets. Its transparency, combined with Binance’s robust infrastructure, positions USD1 as a strong contender in the world of digital assets.
Why Choose USD1?
Stability You Can Trust: USD1 offers a safe harbor amidst crypto volatility by maintaining a 1:1 peg to the US Dollar.
Effortless Transactions: With Binance as the launch platform, USD1 ensures lightning-fast and low-cost transactions.
Global Utility: Use USD1 for trading, yield farming, remittances, or as a store of value.
Key Benefits
Liquidity: Seamlessly integrated into Binance’s vast ecosystem.
Security: Backed by reserves and subjected to regular audits.
Convenience: Perfect for traders hedging against volatility or for cross-border payments.
Join the Revolution
USD1 isn’t just another stablecoin it’s a step forward in making crypto markets more efficient and accessible. Whether you’re looking for a secure trading pair, a dependable store of value, or a way to explore decentralized finance (DeFi), USD1 has you covered.
Trade USD1 today on Binance and experience the future of stablecoins!
#Binance #USD1 #Stablecoin
If you're keeping an eye on stablecoins and their pivotal role in the crypto ecosystem, USD1 is one token you should not overlook. Recently launched on Binance, USD1 offers a seamless blend of stability, reliability, and accessibility, making it a standout choice for traders, investors, and crypto enthusiasts alike.
What is USD1?
USD1 is a fully-backed stablecoin pegged to the US Dollar, designed to ensure consistent value and enable efficient trading in the crypto markets. Its transparency, combined with Binance’s robust infrastructure, positions USD1 as a strong contender in the world of digital assets.
Why Choose USD1?
Stability You Can Trust: USD1 offers a safe harbor amidst crypto volatility by maintaining a 1:1 peg to the US Dollar.
Effortless Transactions: With Binance as the launch platform, USD1 ensures lightning-fast and low-cost transactions.
Global Utility: Use USD1 for trading, yield farming, remittances, or as a store of value.
Key Benefits
Liquidity: Seamlessly integrated into Binance’s vast ecosystem.
Security: Backed by reserves and subjected to regular audits.
Convenience: Perfect for traders hedging against volatility or for cross-border payments.
Join the Revolution
USD1 isn’t just another stablecoin it’s a step forward in making crypto markets more efficient and accessible. Whether you’re looking for a secure trading pair, a dependable store of value, or a way to explore decentralized finance (DeFi), USD1 has you covered.
Trade USD1 today on Binance and experience the future of stablecoins!
#Binance #USD1 #Stablecoin
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🔥 U.S. Senate Passes Stablecoin Bill: A Major Step Forward for the Cryptocurrency Legal Framework
On May 19, the U.S. Senate passed the Stablecoin Bill (GENIUS Act) with 66 votes in favor – surpassing the necessary 60 votes, marking an important step in building a legal framework for the cryptocurrency market.
The bill was previously rejected on May 8 due to strong opposition from the Democratic group led by Ruben Gallego and Elizabeth Warren. However, in this vote, the majority of the group shifted to support it.
Advocacy organizations like Stand With Crypto and Fairshake are said to have contributed to the influence. Senator Bill Hagerty stated that the bill will promote innovation and increase demand for U.S. bonds by over $1 trillion.
Conversely, Elizabeth Warren warned that the bill could strengthen the financial influence of major tech companies and President Trump through stablecoin USD1.
The bill will continue to be discussed, amended, and voted on finally in the Senate, then move to the House of Representatives before it can be presented to the President for signing. The expected timing is after Memorial Day (May 26).
#DonaldTrump #stablecoin
On May 19, the U.S. Senate passed the Stablecoin Bill (GENIUS Act) with 66 votes in favor – surpassing the necessary 60 votes, marking an important step in building a legal framework for the cryptocurrency market.
The bill was previously rejected on May 8 due to strong opposition from the Democratic group led by Ruben Gallego and Elizabeth Warren. However, in this vote, the majority of the group shifted to support it.
Advocacy organizations like Stand With Crypto and Fairshake are said to have contributed to the influence. Senator Bill Hagerty stated that the bill will promote innovation and increase demand for U.S. bonds by over $1 trillion.
Conversely, Elizabeth Warren warned that the bill could strengthen the financial influence of major tech companies and President Trump through stablecoin USD1.
The bill will continue to be discussed, amended, and voted on finally in the Senate, then move to the House of Representatives before it can be presented to the President for signing. The expected timing is after Memorial Day (May 26).
#DonaldTrump #stablecoin
BIG NEWS FOR XRP 🤯 TIME TO BUY.
XRP Advocate Warns Crypto Laws May Stall Without Stablecoin Bill 💬
$XRP XRP advocate John E. Dayton warns that if the GENIUS Act — a stablecoin regulation bill — fails in the US Senate, major crypto laws may be delayed until 2029. Known for his role in the XRP case, Dayton said the bill is non-controversial and supports the national interest ⚖️.
He believes that if lawmakers can’t pass this simple bill, more complex ones like market structure reform, tax laws, or the Lummis-Gillibrand bill won’t move forward anytime soon 📉.
The GENIUS Act, led by Senator Bill Hagerty, sets rules for stablecoin issuers and ensures secure reserves to protect consumers 🛡️. Hagerty said it will boost dollar-backed innovation and bring clarity to crypto regulation in the US 🇺🇸.
Despite the challenges, Senator Kirsten Gillibrand believes the bill could pass this week. Industry support is rising. Coinbase’s policy chief Friar Sherzad called stablecoin laws a “national priority,” saying they can help the US lead in blockchain finance 🌐.
However, some lawmakers, like Sen. Elizabeth Warren, remain cautious, raising concerns over financial risks. Dayton also noted the bill doesn’t allow yield on stablecoin holdings, which might face bank resistance 🏦.
The Senate vote is expected soon. If it fails, broader crypto efforts — like BitBonds or tax reforms — may not advance until the next administration.
#XRP 💠 #SEC ##GENIUSAct MP #CryptoNews
#stablecoin
$XRP XRP advocate John E. Dayton warns that if the GENIUS Act — a stablecoin regulation bill — fails in the US Senate, major crypto laws may be delayed until 2029. Known for his role in the XRP case, Dayton said the bill is non-controversial and supports the national interest ⚖️.
He believes that if lawmakers can’t pass this simple bill, more complex ones like market structure reform, tax laws, or the Lummis-Gillibrand bill won’t move forward anytime soon 📉.
The GENIUS Act, led by Senator Bill Hagerty, sets rules for stablecoin issuers and ensures secure reserves to protect consumers 🛡️. Hagerty said it will boost dollar-backed innovation and bring clarity to crypto regulation in the US 🇺🇸.
Despite the challenges, Senator Kirsten Gillibrand believes the bill could pass this week. Industry support is rising. Coinbase’s policy chief Friar Sherzad called stablecoin laws a “national priority,” saying they can help the US lead in blockchain finance 🌐.
However, some lawmakers, like Sen. Elizabeth Warren, remain cautious, raising concerns over financial risks. Dayton also noted the bill doesn’t allow yield on stablecoin holdings, which might face bank resistance 🏦.
The Senate vote is expected soon. If it fails, broader crypto efforts — like BitBonds or tax reforms — may not advance until the next administration.
#XRP 💠 #SEC ##GENIUSAct MP #CryptoNews
#stablecoin
📢 LISTA DAO ($LISTA ): Your Gateway to DeFi Yields on BNB Chain! 🚀
Dive into the world of Lista DAO, an open-source decentralized stablecoin lending protocol that's making waves in the DeFi space!
What is Lista DAO?
Lista DAO allows users to earn yields on collateralized crypto assets and borrow its decentralized stablecoin, lisUSD, against various decentralized collateral like BNB and ETH. Think of it as a powerhouse for liquid staking and collateralized debt positions (CDPs)!
Key Highlights of $LISTA :
* Dual-Token Model: Features $LISTA as the governance token and lisUSD as the decentralized stablecoin.
* Earn Yields: Stake your assets and potentially earn rewards.
* Liquidity Solutions: Access liquidity without liquidating your crypto holdings.
* Governance Power: $LISTA holders can vote on key protocol decisions, shaping the future of the DAO.
* BNB Chain Ecosystem: A significant player in the BNBFi ecosystem, supporting on-chain liquidity and trading.
Recent News & Opportunities:
* Lista DAO is continuously expanding its offerings, recently adding slisBNB and ETH as collateral assets.
* Keep an eye out for potential opportunities to earn through their lending products and various ecosystem rewards.
* Binance has featured Lista (LISTA) on its Megadrop, offering users chances to earn LISTA by completing Web3 Quests and subscribing to BNB Locked Products.
Why $LISTA ?
For those looking to maximize their crypto assets, Lista DAO offers a compelling proposition. By combining liquid staking and CDP functionalities, it provides flexible solutions for managing and leveraging your digital holdings.
Trade $LISTA on Binance now!
#ListaDAO #BNBChain #Stablecoin #LiquidStaking #BinanceSquare
Dive into the world of Lista DAO, an open-source decentralized stablecoin lending protocol that's making waves in the DeFi space!
What is Lista DAO?
Lista DAO allows users to earn yields on collateralized crypto assets and borrow its decentralized stablecoin, lisUSD, against various decentralized collateral like BNB and ETH. Think of it as a powerhouse for liquid staking and collateralized debt positions (CDPs)!
Key Highlights of $LISTA :
* Dual-Token Model: Features $LISTA as the governance token and lisUSD as the decentralized stablecoin.
* Earn Yields: Stake your assets and potentially earn rewards.
* Liquidity Solutions: Access liquidity without liquidating your crypto holdings.
* Governance Power: $LISTA holders can vote on key protocol decisions, shaping the future of the DAO.
* BNB Chain Ecosystem: A significant player in the BNBFi ecosystem, supporting on-chain liquidity and trading.
Recent News & Opportunities:
* Lista DAO is continuously expanding its offerings, recently adding slisBNB and ETH as collateral assets.
* Keep an eye out for potential opportunities to earn through their lending products and various ecosystem rewards.
* Binance has featured Lista (LISTA) on its Megadrop, offering users chances to earn LISTA by completing Web3 Quests and subscribing to BNB Locked Products.
Why $LISTA ?
For those looking to maximize their crypto assets, Lista DAO offers a compelling proposition. By combining liquid staking and CDP functionalities, it provides flexible solutions for managing and leveraging your digital holdings.
Trade $LISTA on Binance now!
#ListaDAO #BNBChain #Stablecoin #LiquidStaking #BinanceSquare
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