Stably pauses withdrawals, minting after Prime Trust halts deposits
The temporary halt is due to Prime Trust's halting of fiat and crypto deposits.
Public blockchains can pave the way for web3 innovations to transform the global economy and human lives.
BlackRock recently filed for a Bitcoin ETF. Ex-Barclays CEO Bob Diamond discussed BlackRock's past investments in USDC and the broader crypto landscape.
The asset manager is the latest company to apply following BlackRock's filing last week.
The SEC said that Binance and its CEO were able to commingle and divert customer funds — something that courts have not determined.
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
Binance.US's legal woes have led to a liquidity crunch as traders and market makers flee the exchange.