Crypto News and Headlines

CFTC Expands Payment Stablecoin Criteria to Include National Trust Banks

The CFTC reissued Staff Letter 25‑40, expanding the definition of payment stablecoins to include national trust banks, which can now issue fiat‑pegged tokens. The change aligns with the GENIUS Act, signed in July 2025, that requires stablecoins to be fully backed 1:1 by cash or short‑term government securities. In parallel, the FDIC proposed a framework allowing commercial banks to issue over‑collateralized stablecoins through regulated subsidiaries. Algorithmic and synthetic stablecoins remain outside the U.S. regulatory scope.