The US Department of the Treasury has opened a request for comments on ‘innovative or novel methods, techniques or strategies that regulated financial institutions use, or could potentially use, to detect illicit activity involving digital assets.’ The move fulfils a requirement under the relatively high-profile Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), […]|
The US state of Wyoming has this week announced the ‘mainnet’ launch of its own stablecoin – the Frontier Stable Token (FRNT). FRNT is a groundbreaking digital money programme for the public sector as the first fiat-backed, fully-reserved stablecoin issued by a public entity in the US – an eye-catching development given that traditional stablecoins […]|