Stablecoins Can Be an Opportunity for the U.S.—But not Without Risks

Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong after the government raised concerns about the increasing influence of privately controlled currencies, the Financial Times reported on Saturday.

Euro zone ministers to look at how to boost euro stablecoin issuance

Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.

Trump signs landmark crypto bill into law

U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.