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Stablecoin regulation
Rules and enforcement affecting stablecoin issuers and distribution.
Image: crypto.newsUAE Retailers Initiate Pilot Program Accepting DDSC Stablecoin Payments Through Established Terminals
According to reporting by crypto.news, DDSC and Network International have initiated the United Arab Emirates' first in-store payment pilot utilizing a Central Bank-licensed, dirham-backed stablecoin. Selected retail locations including Marks & Spencer and LuLu Hypermarket are participating in this trial, which remains not officially confirmed by independent financial authorities.
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Stablecoin regulation
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crypto.newsUAE Retailers Initiate Pilot Program Accepting DDSC Stablecoin Payments Through Established Terminals
According to reporting by crypto.news, DDSC and Network International have initiated the United Arab Emirates' first in-store payment pilot utilizing a Central Bank-licensed, dirham-backed stablecoin. Selected retail locations including Marks & Spencer and LuLu Hypermarket are participating in this trial, which remains not officially confirmed by independent financial authorities.
CointelegraphJack Dorsey’s Block Seeks US Trust Bank Charter for Digital Assets
According to reporting by Cointelegraph, Jack Dorsey’s payment firm Block has applied for a federal trust bank charter from the OCC for an entity named Builders Bank & Trust to handle Bitcoin and stablecoin custody, though the filing remains not officially confirmed by independent regulatory dockets.
crypto.newsIran Reportedly Eases Controls to Allow Crypto Export Settlements Amid Sanctions
According to reporting from crypto.news and the Financial Times, Iran's central bank has reportedly eased foreign-exchange restrictions and tolerated cryptocurrency use for export settlements, though this shift is not officially confirmed. Businesses increasingly utilize stablecoins like USDT to bypass conventional banking channels restricted by sweeping international sanctions.
crypto.newsCLARITY Act Faces Defeat as Senate Ethics Dispute Deepens Ahead of Vote
According to reporting by crypto.news and Semafor, the CLARITY Act faces significant obstacles ahead of its scheduled September 15 Senate procedural vote due to deep divisions over presidential ethics rules, stablecoin rewards, and banking concerns. These legislative hurdles have not officially confirmed the permanent defeat of the framework, but market participants and lawmakers indicate that reaching the necessary sixty-vote threshold remains challenging.
crypto.news via LBankClarity Act May Face Senate Hurdles as Lawmakers Clash Over Ethics and Stablecoin Rules
According to media reporting by crypto.news and LBank News, the United States Senate has scheduled a procedural vote on the Clarity Act for September 15. Republicans will need at least seven Democratic or independent votes to clear the 60-vote threshold, assuming full support from their own caucus. Senator Cynthia Lummis blamed Democratic demands for putting the comprehensive market structure bill at risk, while outstanding disputes regarding ethics rules, stablecoin rewards, and decentralized finance protections remain unresolved and not officially confirmed by independent regulatory announcements.
crypto.news via LBankCLARITY Act Faces Potential Defeat Amid Senate Ethics Standoff and Legislative Calendar Pressures
According to reporting by LBank News and crypto.news, the United States Senate is scheduled to hold a procedural cloture vote on the CLARITY Act, though the measure is widely reported to face significant hurdles. Lawmakers remain divided over presidential ethics provisions, stablecoin reward mechanics, and banking sector concerns, with passage not officially confirmed.