Trump Urges Banks to Back GENIUS Act, Calls Weakening 'Unacceptable'

A clause in a U.S. housing bill would bar the Federal Reserve from offering a consumer-facing digital dollar until 2030, delaying any retail CBDC rollout. The measure represents a legislative rebuke to CBDC proponents and could reshape the policy timetable.

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

Ripple announced a major revamp of its Ripple Payments platform to become a unified business service that bridges traditional finance and digital assets, building on capabilities from its Palisade and Rail acquisitions. The move signals a push to win more bank adoption for XRP-linked payments.

Ripple completed its March escrow operation on March 3, re-locking 700 million XRP to manage circulating supply. The monthly action reinforces the company’s ongoing supply-management program and maintains predictable issuance.

The European Central Bank cautioned that rising stablecoin use may shift deposits away from banks, weakening banks’ lending capacity and the transmission of monetary policy across the euro area.