The US National Credit Union Administration proposed a federal licensing regime for payment stablecoin issuers operating through credit union subsidiaries. The United States National Credit Union Administration (NCUA) has proposed its first rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, sketching out how subsidiaries of federally insured credit unions could apply to become federally supervised payment stablecoin issuers. The NCUA, which oversees more than 4,000 federally insured credit unions serving roughly 144 million members and about $2.38 trillion in assets as of mid-2025, is using this proposal to set out the process and standards for licensing such issuers. Under the proposal, any payment stablecoin issuer that is a “subsidiary of an insured credit union” would need to obtain an NCUA permitted payment stablecoin issuer (PPSI) license before issuing coins. Read more
The dual-token structure seeks to sidestep US restrictions on yield-bearing stablecoins by separating returns from the stable unit itself. Securitize is launching a stablecoin backed by tokenized private credit assets in partnership with Hamilton Lane, OKX Ventures and stablecoin infrastructure firm STBL, expanding efforts to bring institutional real-world asset yield onto blockchain rails. Securitize has partnered with stablecoin infrastructure provider STBL, Nasdaq-listed private markets investment management firm Hamilton Lane and crypto exchange OKX’s investment wing, OKX Ventures, to support the launch of a new real-world asset (RWA)-backed stablecoin on X Layer. The new stablecoin will bring together institutional private credit, regulated tokenization and programmable settlement to support the “next generation onchain financial infrastructure,” said Securitize in a Thursday X post. Read more
The UK appointed HSBC Orion for its DIGIT pilot to explore blockchain bonds, aiming to improve efficiency, cut costs and boost security. The United Kingdom’s government has appointed HSBC’s tokenization platform to power a pilot issuance of digital government bonds, known as “gilts,” marking the latest step in its push to modernize sovereign debt markets using blockchain technology. HM Treasury has appointed HSBC Orion to facilitate the Digital Gilt Instrument (DIGIT) pilot issuance, according to a Thursday announcement. The Treasury published a DIGIT pilot update in July 2025, outlining plans to explore blockchain applications in UK sovereign debt issuance and to support the development of domestic tokenization infrastructure. Read more
An OKX-commissioned Pollfish survey finds 13% of Gen Z have paid for dates with crypto, while many non-users cite a lack of a direct way to do so. Gen Z Americans may be open to paying for dates with cryptocurrency, but most still aren’t putting digital coins where their hearts are, according to a January Pollfish survey commissioned by crypto exchange OKX. The poll of 1,000 US adults found that 13% of Gen Z respondents said they have paid for a date using crypto, while many who haven’t said the main issue is practical: they don’t have a direct way to pay with crypto. Interest extended beyond payments. 31% of Gen Z respondents said receiving crypto as a Valentine’s Day gift would be appealing, and 76% said financial literacy is an attractive trait in a partner, a reminder that for some daters, “knowing your numbers” can be more charming than knowing your zodiac sign. Read more
The American Bankers Association pressed the OCC to delay new national trust bank charters for crypto and stablecoin firms until the GENIUS Act framework is fully in place. The American Bankers Association (ABA) is urging the Office of the Comptroller of the Currency (OCC) to slow its approval of national trust bank charters for crypto and stablecoin firms until the regulatory landscape under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is clearer. In a Wednesday comment letter on the OCC’s national bank chartering notice of proposed rulemaking, the trade group warned that recent and future applicants engaged in stablecoin and digital asset activities face still‑unsettled oversight from multiple federal and state regulators. The ABA said that the OCC should not advance applications where an institution’s full regulatory obligations, including under forthcoming GENIUS Act rulemakings, are not yet fully defined. Read more