Stablecoins
Senate banking committee delays crypto bill vote
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The U.S. Senate Banking Committee has postponed a key vote on the Digital Asset Market Clarity Act, amid disagreements over stablecoin provisions and opposition from Coinbase. The delay, originally set for January 15, 2026, highlights tensions between crypto innovators and regulators. While the White House has reportedly threatened to withdraw support, Coinbase CEO Brian Armstrong refuted such rumors, praising the administration's constructive role.
The cryptocurrency industry is shifting from its lawless origins toward regulated integration with traditional finance, driven by recent U.S. regulatory actions. Moves by agencies like the SEC, DTCC, and OCC are enabling tokenized assets and stablecoins within core market infrastructure. This evolution signals blockchain as an upgrade to existing systems rather than a parallel alternative.
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A White House summit on February 2, 2026, aimed to bridge gaps between banking and crypto industries over stablecoin rewards but ended without agreement. Patrick Witt, the president's digital assets adviser, emphasized that ethics provisions targeting President Trump remain unacceptable. Negotiations continue amid Democratic demands for stricter rules on officials' crypto involvement.
WalletConnect Pay has announced a partnership with Ingenico to enable stablecoin payments at physical checkouts, shielding merchants from blockchain complexities. CEO Jess Houlgrave emphasized that this integration allows crypto users to pay with trusted assets without merchants holding digital currencies. The move builds on growing stablecoin volumes and aims to integrate crypto into everyday retail.
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Payments using crypto-linked cards have grown rapidly, surpassing peer-to-peer stablecoin transfers as the primary driver of on-chain activity. According to a report by blockchain analytics firm Artemis, monthly volumes rose from $100 million to over $1.5 billion in 2025, with total annual payments hitting $18 billion. This expansion highlights the increasing integration of stablecoins into everyday spending.
Barclays has made its first investment in digital currency infrastructure by backing Ubyx, a US-based startup focused on simplifying stablecoin transactions. The move emphasizes regulated interoperability over issuing its own stablecoins. Ubyx aims to unify the fragmented digital money landscape through a many-to-many clearing system.
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Building on 2025's regulatory milestones like the GENIUS Act and bank integrations, the US crypto sector in 2026 shifts focus to enforcing and refining rules—including accounting standards, stablecoin oversight, and tax reporting—to promote compliance and stability.
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