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Pymnts

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The Stablecoin Ledger This Week: Regulation, Custody Infrastructure and Trust 

  • Next week, starting July 14, is 'Crypto Week' in the U.S., with policy votes expected on three critical pieces of crypto regulation.
  • The House of Representatives is set to consider the CLARITY Act, Anti-CBDC Surveillance State Act, and Senate’s GENIUS Act to establish a regulatory framework for digital assets.
  • Stablecoins are evolving as a new financial operating system, with developments like Ant Group integrating Circle’s USDC and BNY Mellon holding reserves for Ripple's stablecoin.
  • While advancements are made in policy and infrastructure, challenges like fraud and systemic risks arise, prompting the need for trust-building measures in the stablecoin ecosystem.

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