Search results for USDtb
Crypto
BlackRock urges changes to GENIUS Act implementing rules amid differences with OCC
BlackRock has urged the U.S. Office of the Comptroller of the Currency to withdraw a provision that would cap tokenised assets at 20 percent of stablecoin reserve assets, saying the limit is unnecessary. It said reserve-asset risk should be judged by liquidity, maturity and credit quality, not whether assets are tokenised. BlackRock also asked for clarity on what qualifies as eligible reserves, including whether Treasury ETFs qualify, and proposed adjustments to diversification options in the draft rules.
Crypto
MegaETH to buy back MEGA with USDM revenue, says tokens released only with results
MegaETH Foundation will regularly buy MEGA tokens using revenue generated by its USDM stablecoin, The Block reported on Thursday. The move is part of announcements ahead of the mainnet launch. The foundation said USDM demand grows as applications expand, increasing MEGA buybacks. USDM was co-designed by MegaLabs and Ethena and is backed by Ethena’s USDtb, tied to BlackRock’s tokenised BUIDL fund.
Crypto
Institutional money fails to lift Solana price, stuck at two years ago levels
Total net assets in U.S.-listed spot Solana exchange-traded funds rose above $1 billion in early 2026, but Solana’s price has not met investor expectations. The token has fallen more than 50 percent over the past year and is trading around levels from about two years ago. Institutional developments include new stablecoins and growing tokenised assets on Solana, yet analysts point to a lack of retail participation as a key reason for limited price recovery.
