Leaders of Senate Banking and House Financial Services committees released updated text for the 21st Century ROAD to Housing Act, including a ban on the Fed issuing a central bank digital currency (CBDC) until December 31, 2030. The bill also includes limits on institutional homebuyers and community banking provisions.
Ripple has launched its dollar-backed stablecoin, RLUSD, for institutional clients in Turkey through partnerships with local crypto platforms. The move targets Turkey's significant digital asset market, driven by both speculative trading and demand for hedging against currency devaluation.
The stablecoin market has grown to $322 billion, driven by demand for real-time settlements and cross-border transfers, but its expansion threatens traditional banking by disintermediating core deposits and payment relationships, prompting banks to develop tokenized deposit systems.
Bitso's 2025 report reveals stablecoins have overtaken Bitcoin in Latin America for the first time, with 40% of crypto purchases being USD-linked stablecoins (USDT, USDC) versus 18% for Bitcoin. The shift reflects digital dollarization driven by inflation, currency depreciation and limited banking access across the region. While Bitcoin still dominates portfolios (52%), stablecoins are preferred for savings, payments and cross-border remittances. The global stablecoin market has grown to $320 billion.
Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack. The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any […] The post CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics appeared first on CryptoSlate.
