Three US federal agencies propose rules to regulate stablecoin issuers like banks, requiring anti-money laundering, sanctions programs, and regular financial reporting. These measures, stemming from the GENIUS Act, aim to formalize oversight and may create significant compliance burdens, potentially leading to market consolidation.
Trace Finance, a stablecoin settlement infrastructure company, has raised $32 million in a Series A funding round led by CoinFund. The funds will be used to expand its cross-border payment services across Latin America, the US, and Asia-Pacific markets.
A UK House of Lords committee urged the government to proceed with stablecoin regulation but cautioned against rules that could make pound sterling stablecoins commercially unworkable, warning the UK lags behind the US and EU.
New York's NYDFS and the EU's EBA signed an MOU to share information on the $314 billion stablecoin market, aiming to enhance oversight, identify risks, and coordinate responses during crises. This collaboration addresses concerns about stablecoin runs and dollar dominance in the sector.
Bank of Canada stablecoin regulations could arrive in mid or late 2027, pushing the detailed rulebook later into the same year that Canada's government has already marked for its framework to take effect. That timing lands just as Visa Canada and Wealthsimple are piloting USDC settlement for certain card-network obligations in Canada. The result is […] The post Bank of Canada to bring stablecoin rules in 2027 with US Clarity Act on the brink of stalling appeared first on CryptoSlate.
The American Bankers Association has requested US regulatory agencies extend the comment period for stablecoin regulations by 60 days, citing dependence on the Office of the Comptroller of the Currency's pending final rule. The banking group argues meaningful comment on FDIC and Treasury rules is impossible without knowing the OCC's outcome. The GENIUS Act, signed into law in July 2025, can be enacted 120 days after final regulations or 18 months after enactment.
