• USD1 goes cross-chain with Chainlink CCIP.
• Chainlink powers secure USD1 transfers.
• USD1 works on Ethereum and BNB Chain.
• Stable USD1 gets multi-chain boost.
• USD1 expands DeFi reach via Chainlink.

World Liberty Financial has partnered with Chainlink to expand the USD1 stablecoin across multiple blockchains using Chainlink CCIP. The collaboration aims to remove ecosystem silos by enabling seamless USD1 transfers between Ethereum and BNB Chain. This marks a significant push to scale USD1’s availability and cross-chain utility across decentralized finance.

Pundi Wallet now supports @worldlibertyfi #USD1 stablecoin on both @BNBCHAIN and @Ethereum 🔥$PUNDIX $WLFI pic.twitter.com/L6WOumKKQl

— Pundi X Labs (@PundiXLabs) May 16, 2025

USD1 Gains Multi-Chain Access Through Chainlink CCIP

World Liberty Financial integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure USD1 transfers across supported blockchain networks. The USD1 stablecoin, backed by U.S. Treasuries and cash equivalents, recently surpassed $2 billion in market cap. This move aims to improve USD1 accessibility and functionality across decentralized ecosystems.

Chainlink CCIP adds a critical security layer to the USD1 ecosystem, mitigating past bridge vulnerabilities. Chainlink’s infrastructure previously safeguarded over $75 billion in DeFi and powered $20 trillion in onchain transactions. With CCIP, USD1 transfers seamlessly between Ethereum and BNB Chain, with more networks expected.

This integration helps streamline USD1 use cases in real-world payment systems and DeFi protocols. USD1 now supports broader applications within cross-chain lending, trading, and settlement platforms. Chainlink’s standard ensures stability and scale as USD1 adoption increases across blockchain networks.

World Liberty Financial Pushes USD1 Beyond Single-Chain Limits

USD1 previously operated within isolated blockchain environments, limiting its reach and use across decentralized applications. Through this new collaboration, WLFI enables USD1 to function across chains without exposing it to past bridge-related security flaws. The integration addresses a key barrier in stablecoin growth—secure interoperability.

The CCIP upgrade builds on earlier WLFI efforts, where Chainlink price feeds supported an Aave v3 deployment using USD1. WLFI positions USD1 as a robust cross-border settlement solution within decentralized and traditional financial systems. USD1 becomes easier to use in multi-chain DeFi markets due to this enhanced functionality.

Additionally, WLFI co-founders confirmed that demand for a digital dollar stablecoin has driven rapid USD1 adoption. This partnership ensures that cross-chain performance aligns with the security needs of financial applications. Chainlink’s infrastructure now powers core transfers that make USD1 more widely available.

Chainlink Strengthens USD1 Infrastructure for Broader DeFi and TradFi Use

The collaboration leverages Chainlink’s trusted infrastructure to meet the institutional-grade demands required for USD1 adoption. USD1’s reserve model, backed by BitGo Trust with short-term Treasuries and cash, enhances trust and utility. Chainlink’s CCIP ensures this model functions securely across supported blockchain environments.

WLFI’s roadmap includes expanding USD1 to more chains, improving reach and simplifying integrations for decentralized applications. The firms launched access to cross-chain USD1 transfers through Transporter.io and other CCIP-integrated bridges. These platforms allow users to move USD1 between Ethereum and BNB Chain efficiently.

While USD1 still trails behind Tether and Circle in total market cap, it has gained momentum through unique partnerships and cross-chain capabilities. Chainlink’s infrastructure ensures USD1 remains secure as it enters new financial ecosystems. Consequently, USD1 is a reliable multi-chain stablecoin with expanding real-world usage.

Future Outlook

Chainlink and World Liberty Financial have strengthened the USD1 ecosystem through a secure, cross-chain integration powered by Chainlink CCIP. This partnership expands USD1’s presence across major blockchain networks and supports broader use in decentralized finance. With enhanced utility and secure infrastructure, USD1 continues its growth across the digital finance landscape

The post World Liberty Financial and Chainlink Unite to Expand USD1 Stablecoin Across Blockchains appeared first on CoinCentral.

• John Deaton warned that failure to pass the stablecoin bill could delay crypto reform until 2029.
• He supported the GENIUS Act and stressed that it aligns with America’s financial and national interests.
• Deaton described the stablecoin bill as critical to preserving the US dollar’s global dominance.
• He said the bill would drive demand for US Treasury securities and strengthen the economy.
• Senator Elizabeth Warren opposed the bill due to national security concerns and called for changes.

The stablecoin bill has become a critical point of debate as Senate delays trigger fresh warnings from leading crypto figures. XRP lawyer John Deaton has now joined the discussion, warning that postponing the Stablecoin Bill could push broader crypto reform to 2029. The remark comes amid growing frustration in the crypto sector, which views the stablecoin bill as essential for regulatory clarity.

John Deaton Emphasizes the Importance of the GENIUS Act

John Deaton has backed Messari founder Ryan Selkis in supporting the GENIUS Act, calling it key to long-term crypto legislation. He argued that the GENIUS Act may not pass without the bill, delaying reform until the next presidential term. Deaton stated that the bill is straightforward and aligns with American economic and strategic goals.

I agree with @twobitidiot when he says if Congress can’t get the GENIUS Act passed, we won’t see a Market Structure’s Bill, which means we won’t see any long-lasting reform until 2029, depending on how the Presidential election goes.

Why, you might ask?

Because the GENIUS Act… https://t.co/aFxgXwx7SD

— John E Deaton (@JohnEDeaton1) May 14, 2025

He emphasized that the stablecoin bill could open the door to the GENIUS Act, which has bipartisan support in Congress. According to Deaton, the act strengthens national interests by reinforcing the role of the U.S. dollar and related financial structures. He warned that meaningful crypto regulation may not happen until 2029 or beyond without this support.

Deaton believes the GENIUS Act is critical to maintaining the U.S. leadership in global finance and digital asset innovation. He noted that missing this opportunity could create long-term regulatory gaps. He stressed that the Bill must pass to build a proper foundation for future policies.

Stablecoin Bill Tied to U.S. Dollar Dominance

Deaton referred to the stablecoin bill as the “Dollar Dominance Bill” because it reinforces demand for U.S. Treasury securities. He explained that the bill helps protect the dollar’s reserve currency status in a time of global de-dollarization. The stablecoin bill also supports the domestic economy and geopolitical strength by increasing U.S. Treasury demand.

Supporters argue that the bill can stabilize markets and help guide digital asset integration within current financial systems. They also claim that it will drive adoption of regulated digital dollars, reducing reliance on foreign-backed tokens. Deaton maintained that ignoring the bill weakens U.S. financial leadership.

Despite support from crypto leaders, several lawmakers remain opposed due to national security concerns. Senator Elizabeth Warren criticized the bill, citing gaps in oversight and transparency. She warned that unless amended, the bill could promote unchecked corporate influence.

The post XRP Lawyer Sounds Alarm: Could Stablecoin Bill Stall Reform Until 2029? appeared first on CoinCentral.

• Twenty One Capital has purchased 4,812 Bitcoin at approximately $95,319 per token
• The $458.7 million acquisition brings the company’s total holdings to 36,312 BTC
• The firm now ranks as the third-largest corporate Bitcoin holder globally
• The purchase is linked to an ongoing SPAC merger with Cantor Equity Partners
• CEO Jack Mallers aims to create a “superior vehicle” for Bitcoin exposure

Bitcoin investment firm Twenty One Capital has expanded its cryptocurrency holdings with a major new acquisition. The company added 4,812 Bitcoin to its treasury through a transaction executed by its major backer, Tether.

This purchase, valued at approximately $458.7 million, was revealed in a May 13 filing with the US Securities and Exchange Commission. The Bitcoin was acquired at an average price of $95,319 per token on May 9.

The transaction involved Tether transferring the newly purchased Bitcoin to an escrow wallet. This forms part of a private investment in public equity (PIPE) arrangement tied to Twenty One Capital’s ongoing Special Purpose Acquisition Company merger.

Cantor Equity Partners, Inc aka Jack Mallers' Twenty One Capital files 8-K with the #SEC announcing first purchase by @Tether_to of 4,812 #Bitcoin worth $458.7 million at average price of $95,319.83.@twentyone21___ @cantorfitzgerld

On April 22, 2025, Cantor Equity Partners,… pic.twitter.com/IdtKw8Pd0Y

— MartyParty (@martypartymusic) May 13, 2025

With this addition, Twenty One Capital’s Bitcoin holdings have grown to 36,312 BTC. This places the firm third in the rankings of corporate Bitcoin holders worldwide.

Only Strategy (formerly MicroStrategy) with 568,840 BTC and MARA Holdings with 48,237 BTC hold larger amounts. The gap between these companies highlights the scale of investment flowing into corporate Bitcoin treasuries.

Twenty One Capital was co-founded in April 2025 by three major backers. These include stablecoin issuer Tether, cryptocurrency exchange Bitfinex, and Japanese technology investor SoftBank.

Market Impact and Corporate Strategy

The purchase comes at an interesting time for Bitcoin prices. The cryptocurrency has been trading around $103,540, close to its all-time high of approximately $109,000.

Market analysts are watching closely for a potential breakout. The recent Consumer Price Index data showed lower-than-expected inflation, which some experts believe could create favorable conditions for Bitcoin’s next upward move.

Twenty One Capital’s SPAC merger is being facilitated through Cantor Equity Partners. This Cayman Islands-based entity is affiliated with the Wall Street firm Cantor Fitzgerald.

When the merger completes, Twenty One Capital will trade under the ticker symbol “XXI” on public markets. Currently, it trades as CEP (Cantor Equity Partners).

The market has reacted strongly to news of the Bitcoin purchase. CEP shares experienced extreme volatility, surging from $10.65 to $59.73 before settling at $29.84.

After the recent SEC filing was made public, the stock gained an additional 5.2% in after-hours trading. This demonstrates the market’s sensitivity to Bitcoin-related corporate actions.

According to earlier filings, Twenty One Capital aims to debut with at least 42,000 Bitcoin in its treasury. The plan calls for Tether to contribute 23,950 BTC, SoftBank to provide 10,500 BTC, and Bitfinex to supply around 7,000 BTC.

These Bitcoin holdings will be converted into company shares at a price of $10 each. This structure aligns with the firm’s goal of measuring performance through “Bitcoin per share” rather than traditional metrics.

At the helm of Twenty One Capital is Jack Mallers, founder of the Bitcoin payments application Strike. Mallers has been a vocal advocate for Bitcoin adoption and has worked extensively on Lightning Network payment solutions.

Mallers has described the new venture as a stock “built by Bitcoiners, for Bitcoiners.” He has outlined plans for the company to develop Bitcoin-native financial products including lending tools and capital market offerings.

In April statements, Mallers positioned Twenty One Capital as a future competitor to Strategy. The company stated its intention to become a “superior vehicle” for capital-efficient Bitcoin exposure.

Paolo Ardoino, CEO of Tether, has also commented on the venture. He views it as a long-term investment in Bitcoin’s institutional relevance and value proposition.

“Twenty One will take a Bitcoin-first approach that aligns with our vision—prioritizing accumulation over speculation and building long-term value for those who understand what Bitcoin represents,” Ardoino said last month.

Cantor Fitzgerald serves as both sponsor and advisor to the merger. The firm has raised $585 million to fund future Bitcoin purchases, demonstrating substantial institutional backing for the venture.

The post Tether-Backed Twenty One Capital Expands Bitcoin Holdings With $458.7M Purchase appeared first on CoinCentral.

• Native USDC Now Live on Sonic
• Seamless Upgrade With No User Action Needed
• CCTP V2 Enables Instant Cross-Chain Transfers
• New Use Cases and Integrations
• Expanded Access for Developers and Businesses

Circle has officially completed the transition from bridged to native USDC on Sonic. This upgrade improves liquidity and adds new features. Native USDC is fully operational on Sonic with CCTP V2 support for cross-chain transfers.

Circle Native USDC Upgrade Completed

Circle has finalized the native USDC deployment on Sonic to replace the $500 million bridged USDC supply in May 2025. The upgrade automatically converted bridged tokens into native USDC, requiring user or developer action. This transition ensures users maintain compatibility and access to Sonic’s liquidity without disruptions.

Circle announced that USDC is now live on Sonic Labs, completing the transition from bridged to native USDC in May 2025. Before the upgrade, the bridged USDC supply on Sonic reached $500 million. Following the upgrade, CCTP V2 was launched with Hooks to support automated…

— Wu Blockchain (@WuBlockchain) May 13, 2025

Besides offering a seamless experience, native USDC brings enhanced stability and regulatory assurance to the Sonic ecosystem. The smart contract address remains unchanged, preserving existing integrations across applications and platforms. However, token name updates from USDC.e to USDC are pending and will be corrected shortly.

With native issuance, USDC on Sonic becomes a directly regulated and redeemable stablecoin. Circle customers can mint and redeem USDC 1:1 with US Dollars, giving users direct fiat access and maintaining full reserves.

CCTP V2 Launch Brings Crosschain Features

Circle introduced CCTP V2 and the native USDC rollout to support faster, automated cross-chain operations. The protocol includes Hooks, which automate post-transfer actions and reduce the need for manual intervention. This improves user experience and enables onchain workflows.

CCTP V2 enables near-instant USDC transfers across supported blockchains, enhancing the flexibility for DeFi applications and users. USDC has become natively supported by 20 chains, strengthening its cross-chain reach. Developers can easily incorporate CCTP V2 into their apps through updated documentation.

Moreover, the new version expands programmable liquidity for developers. Applications can trigger smart contracts post-transfer to enable dynamic DeFi operations. These include swaps, lending, and payments immediately after the USDC reaches a destination chain

Circle Use Cases and Partner Integration

Sonic’s support for native USDC and CCTP V2 opens multiple new use cases across finance, commerce and crosschain tools. Day 1 integrations include Aave, Binance, and RedotPay, each utilizing USDC for various financial services.

RedotPay plans to expand USDC-linked payment cards and remittances using the upgraded system to introduce real-world usage and commerce tools for users. Additionally, platforms like Socket will use CCTP for smooth cross-chain liquidity flows.

Circle developers, businesses, and institutions can start building with native USDC on Sonic. Qualified companies can open Circle Mint accounts for direct fiat on/off-ramps. Individuals and smaller businesses may access USDC through Circle’s growing partner network.

The post Circle Launches Native USDC on Sonic with CCTP V2 Integration appeared first on CoinCentral.

• The US Senate failed to advance the GENIUS Act, causing widespread criticism.
• Treasury Secretary Scott Bessent warned the delay could push innovation overseas.
• Bessent said the GENIUS Act is needed to ensure clear stablecoin regulation.
• Senator Cynthia Lummis stressed the act is vital for US digital leadership.
• Lummis urged Congress to act before other nations gain the upper hand.

The United States Senate failed to advance the GENIUS Act this week, triggering widespread criticism from key policymakers and industry leaders. The legislative breakdown has intensified concerns about the country’s ability to establish a clear federal framework for stablecoins. This setback comes amid rising global competition in digital finance and ongoing debate over domestic leadership in cryptocurrency regulation.

Scott Bessent Criticizes Senate’s Delay on GENIUS Act

US Treasury Secretary Scott Bessent sharply criticized the Senate for not progressing with the GENIUS Act this week. He emphasized the urgent need for a unified federal framework to support stablecoin innovation and global leadership. According to Bessent, the current delay risks shifting technological advancements to foreign markets, which may reduce US influence in digital finance.

For stablecoins and other digital assets to thrive globally, the world needs American leadership.

The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act.

This bill represents a once-in-a-generation opportunity to expand dollar…

— Treasury Secretary Scott Bessent (@SecScottBessent) May 8, 2025

Bessent argued that the GENIUS Act could help ensure regulatory clarity and drive responsible growth in the stablecoin sector. He warned that the absence of such legislation could lead to fragmented oversight and slow innovation across US markets. He also noted that the failure to act weakens the nation’s position as a leader in financial technology.

Previously, Bessent opposed the Federal Reserve’s consideration of a central bank digital currency, aligning instead with market-driven solutions like the GENIUS Act. He called for swift action to avoid long-term consequences for innovation and security. He reiterated that without strong Congressional backing, digital assets could flourish outside of US jurisdiction.

Senator Lummis Calls for Renewed Focus on Digital Assets

Despite bipartisan efforts, Senator Cynthia Lummis expressed disappointment with the Senate’s failure to pass the GENIUS Act. She stressed that stablecoins are essential to the future of the digital economy and national competitiveness. Lummis called the GENIUS Act a critical tool for maintaining the US edge in digital innovation.

She acknowledged recent collaborative efforts from multiple leaders, including President Trump and Senators Gillibrand and Hagerty, supporting digital finance legislation. Lummis believes the stalled progress sends the wrong message to innovators and global markets. She urged her colleagues to act before other nations seize the opportunity to lead.

Lummis remains committed to advancing a transparent and consistent framework through the GENIUS Act. She maintains that US leadership must be backed by decisive Congressional support. According to her, without action, the nation may lose momentum in shaping the future of stablecoins.

John Deaton Urges Senate to Prioritize GENIUS Act Over Politics

Pro-XRP attorney John Deaton also condemned the Senate’s failure to advance the GENIUS Act after recent bipartisan momentum. He questioned the reasons behind the abrupt gridlock that blocked the legislation despite earlier support. Deaton urged lawmakers to put national interests above partisan divisions to ensure stablecoin clarity.

He emphasized that the bill could resolve long-standing regulatory confusion around digital assets and boost confidence in US markets. Deaton called on Senators to stop delaying and recommit to passing legislation that supports innovation and market growth. He emphasized that failure to act risks pushing digital assets further outside the US framework.

The post GENIUS Act Blocked: Is U.S. Falling Behind in Stablecoin Race? appeared first on CoinCentral.

• Rumble is launching a Bitcoin and stablecoin wallet in Q3 2025 in partnership with Tether
• The wallet will be non-custodial and aims to compete directly with Coinbase Wallet
• Rumble CEO Chris Pavlovski says it will help monetize creators better than most advertisers
• Tether invested $775 million in Rumble in December 2024
• Rumble reported Q1 revenue of $23.7 million, up 34% year-over-year, though still with a $2.7 million net loss

Rumble, the video streaming platform known as an alternative to YouTube, has confirmed plans to launch a Bitcoin and stablecoin wallet in the third quarter of this year. The announcement was made by Rumble CEO Chris Pavlovski on May 9 through a post on X (formerly Twitter).

The forthcoming Rumble Wallet will be developed in partnership with stablecoin issuer Tether and is positioned to compete directly with Coinbase Wallet. This move marks Rumble’s further expansion into the cryptocurrency space after the company began acquiring Bitcoin in March.

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” Pavlovski stated in his announcement. The company first revealed plans for a Tether wallet for creators in March, following Tether’s $775 million investment in Rumble in December 2024.

Rumble Wallet, in partnership with Tether, will directly compete with Coinbase. Our goal is to become the most prominent non-custodial bitcoin and stablecoin wallet, powering the creator economy.

Coming in Q3 this year.

— Chris Pavlovski 🏴‍☠️ (@chrispavlovski) May 8, 2025

Targeting the Creator Economy

The wallet aims to serve as a “vehicle to help monetize creators better than most advertisers, especially in international markets,” according to Pavlovski. While specific details remain limited, the CEO hinted that the wallet may support Tether Gold (XAUT) in addition to other cryptocurrencies.

Rumble’s entry into the crypto wallet market comes at a time when mobile wallet adoption is reaching new heights. According to Coinbase data, the use of mobile crypto wallets hit an all-time high of 36 million in Q4 2024.

The video streaming platform will be entering a crowded marketplace dominated by well-established players.

Current competitors include Coinbase, Robinhood, eToro, PayPal, Revolut, Crypto.com, and MetaMask. Coinbase alone reported more than 100 million registered users in 2024, almost double Rumble’s video platform user base.

Financial Performance and Bitcoin Holdings

In parallel with its crypto wallet announcement, Rumble recently reported its financial results for the first quarter of 2025. The company posted revenue of $23.7 million, exceeding analyst estimates by 2.8% and representing a 34% increase from the same period last year.

While Rumble still reported a net loss of $2.7 million for the quarter, this marks a major improvement compared to the $43 million loss recorded in Q1 2024. The company’s GAAP loss of $0.01 per share was 90% above consensus estimates.

Rumble has also been building its Bitcoin holdings since March when it made its first purchase of 188 BTC. The firm currently holds 210 BTC, worth almost $22 million at current market prices, joining companies like MicroStrategy in adopting a Bitcoin acquisition strategy.

The platform reported 59 million monthly active users, which represents a decrease from the 68 million reported in Q4 2024. Despite the drop in users, Pavlovski highlighted the company’s revenue growth, driven by “increased subscription revenue and monetization across our video and advertising platforms.”

Rumble shares (RUM) gained 2.37% following the announcement to reach $7.78 in after-hours trading. However, the company’s stock has lost 40% of its value year to date.

The launch of the Rumble Wallet represents the latest step in the company’s growing involvement in the cryptocurrency sector, as it seeks to diversify its business model and provide new financial tools for content creators on its platform.

The post Rumble Confirms Q3 Launch Date for Bitcoin and Stablecoin Wallet in Tether Partnership appeared first on CoinCentral.

• Meta is exploring stablecoin integration for creator payouts across platforms like Instagram
• The company is in preliminary talks with crypto infrastructure firms about using multiple stablecoins like USDT and USDC
• New VP of Product Ginger Baker, who has fintech and crypto experience, is leading these initiatives
• This marks Meta’s return to crypto three years after shutting down its Diem (formerly Libra) project
• The broader financial industry is embracing stablecoins, with companies like Stripe, Visa, and Fidelity entering the space

Meta is quietly planning its return to cryptocurrency, this time with a focus on stablecoins for platform payments.

According to multiple sources, Mark Zuckerberg’s company is exploring stablecoin integration to handle creator payouts across its platforms, particularly Instagram.

The tech giant has held preliminary discussions with several crypto infrastructure firms in recent months. These talks center on using stablecoins – cryptocurrencies pegged to stable assets like the US dollar – to manage payments to creators and businesses globally.

Meta’s interest comes three years after it abandoned its previous crypto project. The company’s earlier attempt, initially called Libra and later renamed Diem, faced intense regulatory pushback before being shut down in 2022.

New Leadership Driving Crypto Strategy

Ginger Baker, who joined Meta in January as Vice President of Product, is spearheading these new crypto initiatives. Baker brings valuable experience from her previous roles at fintech company Plaid and her board position with the Stellar Development Foundation, a crypto organization that manages a blockchain.

Under Baker’s guidance, Meta has reached out to multiple crypto infrastructure providers. The company appears to be taking a flexible approach and may adopt multiple stablecoins rather than partnering with just one provider.

“Meta is in ‘learn mode,'” said one executive from a crypto firm who spoke with the company. This suggests the tech giant is carefully exploring its options before making firm commitments.

Sources familiar with the matter indicate that Meta is particularly interested in stablecoins for their ability to facilitate cross-border payments. Traditional banking methods often involve high fees, especially for smaller transactions.

For Instagram creators receiving modest payments – sometimes as low as $100 – stablecoins could offer a more cost-effective solution than wire transfers or other traditional banking methods.

Growing Industry Momentum

Meta’s renewed interest in cryptocurrency comes as stablecoins gain traction across the financial industry. The market capitalization for stablecoins has now surpassed $230 billion, reflecting their growing adoption.

Several major financial players have recently made moves in the stablecoin space. Stripe launched stablecoin-based accounts in over 100 countries, while Visa invested in stablecoin startup BVNK and partnered with infrastructure provider Bridge.

Fidelity, Ripple, and other financial firms are also developing their own stablecoins or entering the market. Standard Chartered has projected the stablecoin market could grow by $2 trillion by 2028.

This broader industry movement has created a more welcoming environment for Meta’s return to crypto. The election of Donald Trump, who has shown more openness to cryptocurrency than his predecessor, may also be influencing the timing.

Regulatory Challenges Remain

Despite growing adoption, regulatory clarity around stablecoins remains limited in the United States. A recent vote on the GENIUS Stablecoin bill failed in the Senate after Democrats withdrew their support.

Treasury Secretary Scott Bessent described this stalled legislation as a missed opportunity to advance the dollar’s role in digital finance. However, the continued uncertainty hasn’t stopped new entrants like World Liberty Financial, a firm connected to President Trump, from launching USD1, which quickly became the fifth largest stablecoin by market cap.

When asked about Diem at a recent Stripe conference, Zuckerberg acknowledged its failure, stating simply, “That thing’s dead.” However, he also noted that being early to tech trends is “more fun than being late” and that Meta is “pretty good at” clawing its way back into markets where it’s behind.

Meta has declined to comment officially on its stablecoin plans. The talks remain in early stages, with no final decisions made about which stablecoins or providers the company might work with.

The post Meta in Talks with Crypto Infrastructure Firms to Deploy Stablecoins for Creator Payments appeared first on CoinCentral.

• Senate Nixes Stablecoin Bill in Tight Vote
• Dems Cite AML Risks, Stall Crypto Bill
• Trump Crypto Ties Spark Ethics Uproar
• GOP Blames Politics for Bill’s Collapse
• Stablecoin Rules on Hold—Future Unclear

The United States Senate has failed to advance the GENIUS Act, legislation that aimed to introduce a regulatory framework for payment stablecoins, following a procedural vote that fell short of the 60 votes required. The vote concluded at 48-49, with Senate Majority Leader John Thune switching his vote to “no” at the last moment, a procedural maneuver allowing the bill to be reintroduced later.

By a vote of 48-49, the #Senate did not invoke cloture on the motion to proceed to S. 1582, GENIUS Act.

Senators Hawley, Paul, and Thune voted No and Leader Thune entered a motion to reconsider.

Senators not voting: Moran, Smith, and Wicker.

— Senate Press Gallery (@SenatePress) May 8, 2025

Despite prior bipartisan support in the Senate Banking Committee, the bill encountered resistance from several Democratic senators over the weekend. Lawmakers cited unfinished legislative text, a perceived rush to a floor vote, and concerns surrounding anti-money laundering (AML) provisions and national security as key reasons for their opposition.

Democratic Concerns and Request for Delay

Senator Ruben Gallego, the ranking Democrat on the Senate Banking Subcommittee on Digital Assets, led calls to delay the vote to allow more time to review and educate on the bill’s contents. Before the vote, Gallego emphasized that the work done so far was significant but that the legislation needed more refinement. He requested unanimous consent to postpone the vote until the following Monday, which was not granted.

Other Democratic senators, including Mark Warner and Raphael Warnock, also expressed unease about moving forward without finalized bill language. Warner noted that despite agreeing on the importance of regulating stablecoins, the current draft lacked sufficient clarity and security measures. Democrats stressed that additional time was needed to address gaps, particularly regarding foreign issuer oversight and AML safeguards.

Republican Reaction and Allegations of Obstruction

Senate Republicans expressed frustration following the vote, arguing that the GENIUS Act had undergone multiple revisions in response to bipartisan feedback. Senator Cynthia Lummis and Majority Leader Thune highlighted that the bill had seen six versions and incorporated several Democratic amendments.

Republicans asserted that voting to proceed to debate would have allowed for further changes on the Senate floor. Thune suggested that political motivations may have influenced the vote, pointing to the potential for denying Republicans and President Donald Trump a bipartisan legislative victory.

Trump’s Crypto Ties Raise Ethical Questions

Several Democrats pointed to President Trump’s increasing involvement in cryptocurrency as a source of concern. Trump and his family have recently launched their memecoins and promoted a stablecoin through the Trump-affiliated World Liberty Financial. A high-priced crypto fundraising dinner hosted by Trump days before the vote added to the controversy.

These developments led to accusations of potential conflicts of interest, with some lawmakers calling attention to ethics implications. Critics argue that the bill may not adequately address the risks associated with government officials profiting from digital assets

Future of Stablecoin Legislation Remains Unclear

The GENIUS Act requires stablecoins to maintain 100% reserves backed by U.S. dollars or equivalent liquid assets and mandates annual audits for issuers with over $50 billion in circulation. It also includes restrictions on foreign stablecoin issuers, though it permits their circulation in secondary U.S. markets.

While the House Financial Services Committee has advanced a similar proposal, key differences remain between the two chambers, especially concerning state versus federal oversight and treatment of foreign issuers. The failure to advance the bill marks a significant pause in efforts to regulate stablecoins, with lawmakers expected to revisit the issue in the coming weeks.

The post US Senate Halts Stablecoin Bill Vote Amid Trump Ties and AML Concerns appeared first on CoinCentral.

• The GENIUS Act is scheduled for a final vote in Congress today.
• Democrats accuse the bill of supporting Trump’s crypto interests.
• The bill aims to regulate stablecoins across national financial systems.
• Critics point to Trump’s USD1 stablecoin and foreign financial ties.
• A private dinner for $TRUMP token holders has raised ethical questions.

The GENIUS Act is set for a final floor vote today as tensions rise in Congress over crypto regulations. Lawmakers remain divided, with Democrats criticizing the bill’s perceived link to Trump’s growing involvement in digital finance. The GENIUS Act, which focuses on stablecoin regulation, has ignited controversy over potential conflicts of interest involving the President.

GENIUS Act Draws Scrutiny From Democrats Over Trump Ties

The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, has drawn serious opposition from key Senate Democrats. Senators Elizabeth Warren and Jeff Merkley continue to argue that the bill supports Trump’s expanding financial stake in stablecoins. Although the bill advanced with bipartisan support in the Senate Banking Committee, its ties to Trump’s assets raised concerns.

Democrats should stand together and use our power to fix the GENIUS Act before the vote tomorrow. There is no excuse to facilitate Trump's crypto corruption. pic.twitter.com/hZ3dplcZAc

— Elizabeth Warren (@SenWarren) May 8, 2025

Opponents claim that the GENIUS Act could provide regulatory cover for Trump’s USD1 stablecoin, which is reportedly backed by foreign capital. Democrats argue that the President’s recent gains from World Liberty Financial’s $2 billion deal signal a conflict of interest. This deal occurred weeks before the stablecoin bill moved forward, intensifying Democratic calls for a delay.

They allege that the GENIUS Act helps formalize a financial structure that favors Trump-linked crypto enterprises. Critics believe the act’s timing and purpose connect too closely with his economic ventures. Democrats insist that these associations compromise legislative integrity and question the bill’s intent.

Foreign Ties Trigger GENIUS Act Criticism

Further criticism followed the announcement of an exclusive dinner for top TRUMP token holders at the White House. This gathering includes several individuals with significant overseas holdings in Trump-related crypto assets. The event fuels concerns that foreign participants may gain disproportionate access to presidential influence.

Commentators suggest that the GENIUS Act could empower politically connected digital assets without sufficient oversight. The dinner, reportedly for the top 220 token stakeholders, highlights growing unease over foreign involvement in U.S. digital finance. Several watchdogs argue that the bill should be reexamined to protect national interests.

Public reactions intensified after reports linked high-value foreign holders to Trump’s crypto circle. Many lawmakers now question how the GENIUS Act will prevent abuse in digital asset management. Though not illegal, these events prompt debates about ethical governance in financial legislation.

Lawmakers Clash Over Stablecoin Regulation Bill

As the GENIUS Act approaches the final vote, Democrats call for increased debate and potential amendments to the bill. Republicans, however, aim to pass the legislation swiftly, highlighting the need for a clear regulatory framework. Supporters argue that stablecoin guidelines are long overdue and vital for financial innovation.

Still, the bill remains at the center of political friction due to its association with Trump’s digital ventures. Opponents claim that the bill’s language could benefit platforms tied to Republican leaders. The timing of the legislation and related financial disclosures continues to raise red flags in Congress.

The post GENIUS Act Vote Today: Will Trump’s Stablecoin Agenda Succeed? appeared first on CoinCentral.

• Tether launches USDT on Kaia via LINE app.
• LINE users can now send, receive, and earn USDT.
• Kaia enables fast, final USDT transactions.
• Tether expands stablecoin use across Asia.
• USDT powers payments in LINE’s Web3 features.

Tether, the issuer of the world’s most widely used stablecoin, USD₮ (USDT), has officially launched its stablecoin on the Kaia blockchain. This move is part of a broader collaboration with LINE NEXT, the Web3 division of LINE Corporation, which operates the LINE messaging platform. With over 196 million monthly active users globally, LINE represents a significant expansion channel for Tether’s stablecoin services across Asia.

Source: X

The partnership allows LINE Messenger users to access USDT for a variety of functions within the app’s ecosystem. The integration enables use cases such as peer-to-peer transfers, in-app payments, and participation in decentralized finance (DeFi) activities via LINE’s Mini DApps and self-custodial wallet. According to the announcement, users can conduct USDT transactions directly through familiar interfaces embedded in their daily digital habits.

Kaia Blockchain Offers Low Latency and Finality for Stablecoin Transactions

Kaia, the blockchain underpinning LINE’s Web3 services, offers low transaction latency and immediate finality, making it suitable for financial applications such as stablecoin transfers. The blockchain infrastructure is designed to support LINE’s Mini DApps and DApp Portal, accessible from within the LINE messaging app. These features enhance Kaia’s appeal for integrating digital assets in a consumer-facing environment.

The collaboration seeks to optimize user experience by leveraging Kaia’s performance capabilities. According to Sam Seo, Chairman of the Kaia DLT Foundation, the integration aims to deliver reliable and fast USDT transactions across platforms, including LINE, DeFi applications, and centralized exchanges (CEXs). This focus on performance is intended to support various use cases within the ecosystem.

New Features and Broader Adoption Strategy

Initial features of the integration include mission-based reward systems where users can earn USDT through completing tasks within Mini DApps. Additionally, users can send and receive USDT via LINE’s in-app wallet. These features aim to introduce stablecoin functionality in a way that aligns with existing user behavior and app usage.

Plans may expand USDT integration across other layers of the LINE platform, potentially increasing stablecoin accessibility for users in the region. LINE NEXT has indicated that additional functionalities are being considered to enhance user engagement with digital assets.

Strategic Expansion of Stablecoin Access Across Asia

The launch of USDT on Kaia marks a strategic step in Tether’s regional growth plans. By aligning with LINE NEXT and deploying on a blockchain designed for consumer applications, Tether is targeting the mainstream adoption of stablecoins in Asia. The integration simplifies the use of stablecoins for LINE’s extensive user base and lays the foundation for more comprehensive Web3 services.

LINE NEXT CEO Youngsu Ko stated that the integration of USDT will serve as a dollar-based gateway in Asia, positioning stablecoins as a practical tool for digital transactions. Tether CEO Paolo Ardoino noted that the partnership demonstrates Tether’s commitment to expanding stablecoin adoption in everyday use across key markets.

This development supports the broader objective of providing financial tools through decentralized platforms while making digital assets more accessible to everyday users.

The post Tether Launches USDT on Kaia Blockchain, Expanding Stablecoin Access to 196M LINE Users appeared first on CoinCentral.