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Morning Edition · Tuesday, October 20, 2026Published at 1:39 AM EDT · New York
Industry Group Asks the Treasury to Clarify GENIUS Act Rules on DeFi and Wallet Location Checks as Payment Firms Build Stablecoin Networks
Circle says more than 175 institutions are helping build its payments network, while Mastercard and Zerohash released new stablecoin tools.
The Blockchain Association, a Washington trade group, has asked the Treasury Department to clarify how its rules under the GENIUS Act, the federal stablecoin law, will apply to decentralized finance. The group also wants clarity on foreign-…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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