Some Low-Income New Yorkers Are Receiving $12,000 in Crypto as Part of a New Program—Here’s Why

A Coinbase and GiveDirectly pilot is giving $12,000 in USDC (a stablecoin) to low-income New Yorkers. The program takes inspiration from universal basic income experiments.
BeInCrypto

The GENIUS Act Banned Yield on Stablecoins– But Banks Are Still Losing Against The Competition

The GENIUS Act’s stablecoin yield ban fuels fintech innovation as exchanges exploit loopholes, threatening traditional banks’ ...
Banking Dive

Coinbase pursues OCC trust charter

Coinbase has been mulling such a move since April. Since then, other crypto firms such as Circle, Ripple and Paxos have ...