Anchorage Digital moves to enable GENIUS Act–compliant rewards for Ethena’s stablecoins

US Bancorp has initiated a stablecoin pilot program utilizing the Stellar blockchain, aiming to enhance secure and compliant digital asset transactions. This testing phase represents a significant step in the bank's innovation strategy within the cryptocurrency sector.

Texas has made history by becoming the first U.S. state to invest $10 million in Bitcoin for its treasury reserve, utilizing BlackRock's Spot Bitcoin ETF. This strategic move was executed on November 25, 2025, marking a significant step in the state's engagement with cryptocurrency.

Kraken has launched the Kraken Mastercard debit app in the UK and EU, facilitating real-time multi-asset crypto payments, which represents a significant step in integrating cryptocurrency into everyday transactions.

MoonPay has secured a trust charter from the New York Department of Financial Services (NYDFS), allowing it to expand its cryptocurrency services in New York. This approval complements its existing BitLicense, enabling the firm to legally custody assets and offer over-the-counter trading services.

Polymarket has received approval from the Commodity Futures Trading Commission (CFTC) to launch regulated prediction markets in the United States, marking a significant milestone for the platform's operations. This approval allows Polymarket to operate under full regulatory compliance, enhancing its legitimacy in the cryptocurrency sector.

Anchorage Digital is seeking to comply with U.S. regulations under the GENIUS Act by offering yield-like rewards on Ethena's tokens, despite existing laws that prohibit interest payments on stablecoins. This initiative aims to create a compliant framework for token holders to benefit from their investments.

Paxos has acquired Fordefi, a crypto wallet provider, for over $100 million, a move that enhances its infrastructure in the blockchain sector. This acquisition is aimed at strengthening secure and compliant services for institutional clients, particularly in the areas of custody and on-chain asset management.

Russia's Finance Ministry is considering simplifying the requirements for crypto investors, which may lead to increased participation in the cryptocurrency market and indicates a shift towards a more open regulatory stance on digital assets.