Six Swiss banks and Swiss Stablecoin AG unveiled a sandbox on April 8 to pilot a Swiss franc–pegged stablecoin. The pilot will test payments, custody, liquidity and compliance within a controlled, regulated environment.
A select group of Argentine banks will pilot JPM Coin to speed up and reduce the cost of interbank settlements while regulators weigh lifting a ban on banks offering crypto services.
The ECB said on March 27 that banks risk losing payment market share to stablecoins and urged the launch of a digital euro to preserve their role in the payments system.
Ripple CEO Brad Garlinghouse said major banks are actively exploring stablecoins, signaling rising institutional interest in XRP and RLUSD. The development could accelerate bank-backed payment rails and wider crypto integration.
BNY Mellon CEO Robin Vince says major banks are positioned to bridge digital assets and traditional finance, with trust and regulation guiding the next phase of growth. He argues institutional infrastructure will be central to mainstream adoption.
Negotiators from the crypto industry and banks are reportedly close to resolving stablecoin yield rules in the CLARITY Act, lifting passage odds above 60%. Markets view the development as a renewed chance the bill will be signed into law this year, easing regulatory uncertainty for yield-bearing products.
Sen. Angela Alsobrooks said banks will likely need to accept compromises as the Senate Banking Committee targets an end-of-March markup of the CLARITY Act. Her comments suggest growing momentum toward a negotiated crypto framework.
The Federal Reserve and OCC have clarified how banks should treat capital tied to tokenized securities, reducing regulatory uncertainty as adoption grows. The guidance makes it more feasible for banks to custody, settle and finance tokenized assets under existing prudential rules.
Donald Trump urged banking groups on March 3 to “strike a favorable deal” with the crypto industry and warned any effort to weaken the GENIUS Act is “unacceptable.” His intervention raises political pressure as lawmakers negotiate the stalled bill.
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.