Stablecoin

Ripple introduced Ripple Treasury, a treasury platform designed to let companies manage crypto and fiat side by side within a single system. The product adds digital-asset accounts and a consolidated dashboard that displays real-time liquidity and records each transaction with both crypto and fiat values. The rollout is positioned for CFOs seeking digital-asset exposure without rebuilding existing treasury workflows.

The Central Bank of Nigeria has launched an AML/CFT supervisory pilot for crypto and fintech firms, selecting six entities to join the initial phase. The program aligns with FATF Recommendations 15 and 16, including the travel rule, and requires monthly compliance data submissions plus audits of onboarding, sanctions screening, and transaction monitoring.

Neo co-founder Da Hongfei released an independent Agreed-Upon Procedures review confirming seven digital asset balances held by Neo Global Development (NGD) in a Binance account as of March 30 at 6:37 a.m. UTC. The review verified the account ownership and matched Binance-reported quantities to a management-prepared list, covering assets including USDC 111,536,196.92 and BTC 1,110.34. The report provides quantities only and states it is not an audit or assurance engagement.

Sen. Cynthia Lummis called the Digital Asset Market Clarity Act of 2025 the "best thing that could happen to the DeFi community," arguing it could bring legal certainty for developers, validators, and node operators. Yet Polymarket pricing still reflects hesitation, with odds at 49% at the time of writing. Separately, Better Money Company says it plans a "stablecoin clearinghouse" as stablecoin transaction volume reached $72.3 trillion over the last 12 months.

Coinbase Chief Legal Officer Paul Grewal said the U.S. Clarity Act is "very close" to an agreement on how stablecoin yield should be handled, following a Wednesday interview. He argued there is no evidence that allowing yield on idle stablecoin balances would trigger bank deposit flight and said the yield debate should not be mixed with other issues banks are facing. Coinbase shares closed down 0.9% on Wednesday at $172.99 after falling 50% over the past six months.

Ripple said on April 1 it added native digital-asset functionality to its Ripple Treasury platform, enabling enterprises to hold, manage, and transact with XRP alongside RLUSD inside existing treasury workflows. The company said CFO and treasury teams can use Digital Asset Accounts without separate wallets, with transactions recorded using native amounts, fiat equivalents, and live exchange rates for audit-ready reporting.

Drift Protocol, a Solana-based DeFi platform, said on April 1, 2026 that it is investigating unusual activity and urged users not to deposit funds while the review continues. Lookonchain reported that more than $270 million in crypto was suspiciously moved to wallet "HkGz4K", then swapped into USDC and bridged to Ethereum to purchase ETH. The tracker said the buying reached 19,913 ETH ($42.6 million) before rising to 38,820 ETH ($82.6 million).

Stablecoin transaction volume on Solana climbed to a record $650 billion in February and was described as tracking toward a comparable jump in March. Over the same period, Solana DEX activity cooled, with last week’s volume at $11.42 billion versus Ethereum’s $7.25 billion, while one analyst projected a potential move to $360 with support and resistance levels outlined.

On April 1, the US Treasury released the first rules to implement the GENIUS Act, outlining federal oversight, reserve standards, reporting duties, and issuer licensing for the stablecoin market. The framework sets a $10 billion threshold that affects whether an issuer may remain under state supervision, while also banning yield or incentive-like features on stablecoins. Regulators expect the final framework by July, with full rollout planned by the end of the year.

On April 1, the U.S. Department of the Treasury released a notice of proposed rulemaking seeking public input on how stablecoin oversight should align between state regimes and the federal framework under the GENIUS Act. The proposal says states may supervise payment stablecoin issuers with total issuance below $10 billion if their rules are deemed substantially similar to federal requirements, and comments are due within 60 days after publication in the Federal Register.