Ethena's USDe is a synthetic stablecoin that generates yield through hedged derivatives trades rather than holding fiat reserves, allowing it to legally bypass the GENIUS Act's ban on yield payments for payment stablecoins like USDC. With a supply peaking at $14 billion, USDe operates in a regulatory gap as it does not meet the Act's definition of a payment stablecoin. While the EU has banned USDe, US institutions are adopting it, highlighting conflicting global regulatory approaches. The US regulatory framework currently does not address synthetic dollars like USDe, raising concerns about investor confusion and calls for new rules to cover this growing category.
PSB Holdings, Inc. announced a quarterly cash dividend of $0.18 per share payable on July 31, 2026, to shareholders of record as of July 10, 2026. This dividend continues the company's 61-year tradition of paying cash dividends, including 33 consecut...
PayPal is closing its corporate venture capital unit, PayPal Ventures, which has shrunk from over 10 staff to just two. The company is considering selling some venture stakes with Jefferies advising on potential deals. This move follows leadership ch...
Acme United Corporation's Board of Directors approved a cash dividend of 16 cents per share on its common stock. The dividend will be paid on July 23, 2026, to shareholders recorded as of July 2, 2026. This move reflects the company's ongoing commitm...
The United States Mint announced it is accepting subscription orders for the Comic Art Three-Medal Set, 2025 Super Heroes, featuring one-ounce silver medals of Superman, Batman, and Wonder Woman. This set is part of the Comic Art Coin and Medal Progr...
New research from Corebridge Financial reveals that only 28% of workers and retirees feel psychologically comfortable spending their retirement savings, despite 60% associating retirement with freedom and enjoyment. The main cause of this anxiety is ...
