Coinbase has launched USDC-INR trading pairs in India, enabling direct conversion of Indian Rupees into USDC. This move marks Coinbase’s regulated re-entry into India after obtaining FIU-IND registration in 2025. The new feature reduces reliance on P2P and offshore channels, strengthening Coinbase’s presence in the Indian crypto market and offering more stablecoin options for users.
Negotiations over a crypto bill's treatment of stablecoin rewards are progressing well, with discussions reaching a "good spot" after months of talks. While specific amounts or dates are not provided, the development indicates a potential breakthrough in regulatory clarity for stablecoins within the DeFi sector, though ethical concerns are expected to resurface in future debates.
U.S. banks are pushing back against the rapid development of stablecoin regulations under the GENIUS Act, citing concerns over regulatory clarity. Financial institutions argue that federal agencies are moving too quickly, creating uncertainty for stablecoin issuers and users. The debate highlights ongoing tensions between regulators and the banking sector over crypto oversight.
On April 22, 2026, Infinite launched Infinite Accounts, offering US businesses dedicated bank accounts with unique routing numbers that integrate traditional payment systems and stablecoin networks via a single API. The service is powered by Erebor Bank, N.A., enabling seamless fiat and stablecoin transactions for businesses, marking a significant step in bridging traditional banking and Web3 finance.
Polymarket has announced early access for perpetual futures trading, marking its entry into derivatives. Meanwhile, Kalshi is also planning to launch a similar product, according to The Information. Both platforms are expanding their offerings in the DeFi space, signaling increased interest in perpetual trading products within the decentralized finance ecosystem. The launches are expected to boost trading options for users.
MoneyGram and Stellar renewed their partnership for several years, expanding stablecoin access globally. The MoneyGram app now supports stablecoin balances in Colombia and El Salvador, running on Stellar with USDC support from Circle and Crossmint. Serving over 200 countries and territories, MoneyGram plans to launch more Latin American markets, broadening stablecoin adoption worldwide.
Galaxy Digital estimates a 50% chance the CLARITY Act will pass this year, amid ongoing debates over stablecoin yields. Key issues like regulatory clashes could delay legislation, with the bill’s progress uncertain. The outcome may impact crypto regulation and stablecoin markets, as lawmakers grapple with defining crypto assets and ensuring compliance.
