World Liberty Financial introduces a tiered node system for governance staking

Non-deployed WLFI cannot vote; Stakers earn rewards, Node privileges, and Super Node partnership opportunities. World Liberty Financial has proposed a new staking-oriented governance system for WLFI holders: the WLFI Governance Staking System. It makes WLFI tokens the premier tool for community governance and allows holders to influence the ecosystem while promoting long-term participation. The main […]

The White House is proposing a daily fine of $500,000 for revenue evasion

White House draft rules suggest the daily fines could pile up quickly, indicating regulators don’t want loopholes in stablecoin reward designs. The White House is promoting strict regulatory measures that prohibit offering returns or interest on payment stablecoins. Proposed enforcement provisions include civil penalties of $500,000 per violation, intended to prevent companies from structuring products […]

Banks are taking tough measures on stablecoin rates as talks in the White House stall

Crypto and banks clashed over stablecoin rewards, with no agreement reached before the March 1 deadline. Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without an agreement before a March 1 government-set deadline. The impasse centers on whether crypto companies […]

Vitalik Buterin denounces ‘fake’ DeFi and backs ETH-based Algo Stablecoins

Buterin criticized modern DeFi as centralized in disguise, arguing that USDC yield farming lacks core principles. Ethereum co-founder Vitalik Buterin has questioned the legitimacy of popular USDC return strategies, arguing that they do not follow the principles of true decentralized finance (DeFi). His criticism was in response to crypto analyst C-node, who said most modern […]

Crypto Industry Proposes to Share Stablecoin Reserves with Community Banks: Report

Crypto companies offered concessions on stablecoins, including sharing reserves with banks, to ease tensions that blocked a major digital asset account. The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto market structure law, which […]

Tether withdraws $20 billion fundraising plans after investor pushback (report)

Tether has scaled back fundraising talks to around $5 billion after investors pushed back on a proposed $500 billion valuation. Tether has reportedly scaled back its planned multi-billion dollar fundraising target after receiving backlash from investors. According to a February 4 Financial Times report, advisors to the stablecoin issuer are now exploring the possibility of […]

Stable currency growth poses a $500 billion risk to bank deposits and net interest margins

Standard Chartered warns that stablecoins could drain up to $500 billion from bank deposits in developed markets by 2028. US banks are increasingly at risk of losing their deposits to the digital asset space as stablecoins continue to gain traction. The concern stems from the growing adoption of stablecoins, with the total supply in circulation […]