Twenty-one major financial institutions plan to launch a U.S. dollar stablecoin in the first half of 2027, aiming to enhance payment and settlement systems. While the GENIUS Act prohibits issuers from paying interest on these stablecoins, holders could earn yield by using independent DeFi protocols that lend the tokens to borrowers. However, this introduces risks such as smart contract failures, liquidity issues, and lack of issuer guarantees, meaning holders bear potential losses. The project is still developing details like governance and reserve management, and corporate adoption will depend on reliable liquidity and risk transparency in stressed conditions.
MetaMask is becoming an independent company, separating from Consensys to focus on its expanding consumer finance platform after surpassing 100 million downloads globally. The split allows Consensys to concentrate on institutional Ethereum infrastruc...
SWIFT announced a new blockchain-based payment system aiming for always-on, interoperable, and compliant cross-border transactions, supported by 17 early-adopter banks. This system records and settles tokenized bank deposits on a shared ledger, poten...
