The U.S. Senate voted to ban a central bank digital currency until 2030, pausing federal digital dollar efforts. The SEC has proposed a narrow innovation exemption aimed at tokenized securities.
SoFi has tapped BitGo to support the launch of SoFiUSD, a US dollar–pegged stablecoin issued by the bank, as US fintechs and banks expand digital dollar infrastructure under new federal legislation.
Fidelity announced it will roll out the Fidelity Digital Dollar (FIDD), a new token positioned as a rival to Ripple’s USD token (RLUSD). The move marks a major asset manager entering the tokenized-dollar space.