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Jack Dorsey's payment company Block filed an application with the Office of the Comptroller of the Currency to launch Builders Bank and Trust. The proposed national trust bank will offer Bitcoin and stablecoin custody without accepting commercial deposits.
Visa reached a $20 billion annualized stablecoin settlement run rate, representing a fifteen-fold increase year-over-year. To support this growth, Credit Co-Op established a stablecoin-denominated credit facility that has financed over $2.5 billion in cumulative transaction volume.
DBS and Citi executed the first weekend US dollar cross-border settlement between Singapore and the United States in minutes using tokenized deposits. The transaction, conducted via Swift's digital ledger, bypassed the traditional two-day delay associated with standard bank transfers.
Two Thai businessmen are suing Tether for freezing $42.4 million in USDT across ten Ethereum addresses. The plaintiffs allege Tether executed the freeze based on an informal verbal request from Homeland Security, months before a warrant was issued.
The US House canceled its late September voting sessions, narrowing the window to pass the Clarity Act before the midterm recess. A critical procedural vote requiring 60 votes to advance the regulatory bill is set for September 15.
Stablecoins will serve as the native transactional currency of the 24/7 agentic AI economy, according to Brent Johnson. This massive digital utility entrenches global US dollar dominance while legitimizing foundational digital assets like Bitcoin.