INSUBCONTINENT EXCLUSIVE:
As crypto markets keep a close eye on Capitol Hill for movement on the GENIUS bill, legacy financial institutions are already laying the
groundwork for a future where stablecoin payment rails handle trillions of dollars in client transactions.Once a niche tool used primarily
Citigroup, BoA consider stablecoinsWall Street kicked off earnings season this week, and while revenue and profit remained in focus, several
Citigroup signaled similar intentions
space.Perhaps the most comprehensive deep dive so far has come from Bank of America
The bank has been exploring fiat-pegged tokens throughout 2025, and during its second-quarter earnings call, CEO Brian Moynihan confirmed
which already supports major stablecoins like USDt (USDT) and USDC (USDC), has now enabled USDG for trading and transfers, the company
announced.Launched last year, USDG takes a regulation-first approach, having registered with the Monetary Authority of Singapore and the
But the picture looks very different when measured in Bitcoin.Despite notching year-to-date gains of over 6%, the S&P 500 is down a
Since 2012, the S&P 500 has lost a staggering 99.98% of its value when priced in Bitcoin.Bitcoin continues to be the fastest horse in the
race, surging past $123,000 this week amid booming ETF demand and growing speculation about a major policy tailwind from
tech sectors.Leaders from Ripple, Coinbase, MoonPay and other companies have joined the effort, which held its inaugural meeting last month
California aims to foster closer collaboration between lawmakers and industry leaders to drive innovation across public services and digital
infrastructure.Source: Eleanor TerrettCrypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to
your inbox every Thursday.
