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2025-05-23 16:08:40

The largest US banks are developing a single stablecoin

According to media reports, American banks, with the support of The Clearing House and Early Warning Services (Zelle operator), are negotiating the launch of a single stablecoin fully backed by dollars or liquid assets.

 The reason is a new bill recently approved by the US Senate. It requires issuers to:

  • 100% of the reserve collateral;
  • mandatory annual audit for projects with capitalization above $50 billion.

 The fate of the project depends on the position of regulators, but the interest from banks and fintech is already obvious.

 Similar steps are being taken outside the United States — for example, Hong Kong has already adopted its own stablecoin law.

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