Goldman Sachs, BofA Among 21 Banks Plan Joint Dollar Stablecoin

Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin The group is developing a shared dollar-pegged token, a major push by traditional finance into stablecoin issuance. No further details on launch timing or platform were disclosed. 1

CLARITY Act Faces Sept 15 Senate Cloture Vote, Atkins Says The Senate's September 15 cloture vote needs 60 votes to advance the crypto market-structure bill; SEC Chair Paul Atkins said statutory rules are needed to make regulatory changes durable. The House passed its version in July 2025 by 294-134. 2

Standard Chartered First G-SIB to Offer BTC, ETH Spot Trading in UAE The DFSA-regulated offering through Standard Chartered DIFC adds execution to its existing custody service, giving eligible institutional clients deliverable Bitcoin and Ether via its electronic trading channels. It is the only global bank currently offering institutional digital asset spot trading in the region. 3

G20 Endorses Clearer Regulatory Pathways for Digital Assets Finance ministers and central bank governors meeting in Asheville backed digital assets as part of the growth agenda, while urging tougher enforcement of anti-money-laundering rules and more work on global stablecoin arrangements. The statement is political direction rather than binding rules. 4

Singapore's MAS Proposes Full Reserve Backing and Stablecoin Yield Ban Amendments to the Payment Services Act would require issuers to hold reserves equal to at least 100% of stablecoins in circulation and prohibit paying interest or yield, aligning Singapore with the U.S. GENIUS Act and EU MiCA. MAS may also grant limited recognition to foreign stablecoins under comparable frameworks. 5

London Stock Exchange to Launch UK Tokenised Equity Structures LSE is partnering with Payward, the parent of Kraken, on unified financial infrastructure as it moves into tokenised equities. The move signals growing institutional appetite for blockchain-based capital markets in the UK. 6

Circle's Tarbert Tells Congress Stablecoins Can Preserve Dollar Dominance Former CFTC chair and Circle president Heath Tarbert testified that compliant, dollar-backed stablecoins are the best tool to keep U.S. financial leadership as payments move online. The dollar's share of allocated global reserves rose to 57.13% in Q1 2026, though valuation effects drove about half the gain. 78

Kraken Parent Payward Delays IPO Until Q2 2027 Payward postponed its planned listing after market conditions disrupted its previous schedule, according to a report. The IPO could now come as early as the second quarter of 2027. 9

Sui DeFi Protocol Full Sail Winds Down After Oracle Incident Full Sail is shutting down after an attacker removed about $91,000 from three vaults in the Switchboard oracle compromise, disabling new deposits and moving pools to withdrawal-only mode. It will use remaining protocol liquidity and team funds to compensate users first. 10

Bitwise Launches PAPY RWA Vault on Morpho for Stablecoin Yield The non-custodial ERC-4626 vault lends AUSD deposits against over-collateralized tokenized real-world assets, targeting 5-6% APY with roughly $1 billion capacity. Early on-chain data showed modest deposits and a 7-day APY near 1% at launch. 11

LayerZero Proposes Otter AMM to Neutralize MEV via Batch Auctions The Otter design uses Vickrey-Clarke-Groves auction theory to clear trades in batches, removing the ordering advantage that enables front-running and sandwich attacks. Surplus value that would go to extractors is redirected to liquidity providers. 12

Japan's Remixpoint Sells Altcoins, Keeps 1,506 BTC as Sole Crypto The Japanese firm sold $5.5 million in ETH, SOL, XRP and DOGE for a $736,000 net gain, narrowing its strategy to Bitcoin. Remixpoint remains Japan's third-largest corporate Bitcoin holder and earned 14.92 BTC from lending between February and August. 13