Traditional financial institutions committed $270 million to Project Faro to challenge existing stablecoin issuers.
SoFi expanded its bank-issued stablecoin onto multiple blockchains and launched a tokenized deposit yield product.
Mastercard and Visa are actively integrating stablecoin settlement and security tools across their payment networks.
The 2025 GENIUS Act provided the regulatory framework that opened the market to heavily regulated financial institutions.
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