U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
first published 2026-09-24T15:07:18Z
Seven of the U.K.'s largest banks completed the first customer transactions using tokenized British pound deposits on a shared platform built by Quant. The trial included remortgage payments and a consumer purchase, and it is meant to test whether regulated bank money can move between institutions and support retail payments. The banks next plan to test settlement of digital assets using tokenized deposits, which remain liabilities of the issuing banks and keep conventional deposit protections.
AI Analysis
The article reports completed real transactions and a next-step test for settling digital assets using tokenized deposits, which is constructive for adoption. However, it is a banking infrastructure trial and does not mention a specific crypto asset or immediate market catalyst.
Expected Investor Sentiment: Neutral
Potential Market Impact: High
Source Articles
- UK’s largest banks complete world’s first interbank transactions using tokenized deposits - CoinDesk
- Ondo Launches Tokenized Portfolios Built on BlackRock Strategies - The Defiant
- BlackRock strategies power three new Ondo portfolio tokens - Crypto News
- Ondo Leads An Overnight Altcoin Bid As Bitcoin Holds Near $84,000 - The Defiant
- SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail - Cointelegraph
- Morgan Stanley, Oliver Wyman See Tokenized Assets Reaching $2.3 Trillion by 2030 - The Defiant
- ARK Launches Tokenized Venture Fund on Ethereum With $500 Minimum - The Defiant
- IBM Connects Digital Asset Haven to Swift Ledger in Beta - The Defiant
- Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work - Bitcoin.com
- Fed proposes GENIUS Act rules for stablecoin reserves and bank issuers - Crypto News
- Federal Reserve Unveils Stablecoin Rules on Reserves and Capital - Decrypt
- Fed proposes new capital, redemption rules for stablecoin issuers - Cointelegraph
- U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins - CoinDesk
