It should be a transformative year for the adoption of stablescoin in the United States.
Although the use of stablescoins outside the cryptographic industry has been retained in the United States in recent years by a lack of regulatory clarity and restrictions applied to banks, things are about to change.
At the moment, if you are a bank regulated by the occurrence or the FDIC for example, you must first receive “No objection” of your regulator in order to have digital assets, to have dollars in reserves for digital assets such as stablecoins or exploit blockchain technology (See the letters of interpretation of the West 1179, 1174,1172 and 1170).
But in recent months, the American position on digital assets has become more favorable. In October, the Senator Hagety stable bill has established the clearest way to date to regulate stablecoins in the United States. A month later, Donald Trump’s victory in the US elections reported the start of a pro-Crypto administration, and in December, Trump appointed Former Paypal David Sacks Like his “Czar Crypto”, promising “Transparent regulatory advice for the benefit of industry”.
Progress came quickly in January while President Trump signed a executive decree Support the growth and use of “stablescoins supported by a dollar” and promising regulatory proposals in 180 days. The order also promises “open access and open to banking services”, suggesting the end of the generalized degradation of the American cryptography industry.
February started with refreshed proposals to regulate payment stalls in the form of guidance and establishment of national innovation for American stables (engineering) ActPresented by President Scott and senators Hagerty, Lummis and Gillibrand. Details are still working, but it is clear that this is the start of a new era for digital assets in the United States.
What does that mean for American companies?
We have seen in Europe that the Mica The regulation of digital assets provides confidence on the industry level to Stablecoins, which makes them safer for users and more attractive to companies. This decision by the new United States administration is an encouraging sign for American companies, reporting support for stablecoins at the highest level.
But while the new federal regulations in 2025 seem very likely, companies must always be ready to navigate in the differences in the state level.
Today, the license system for financial services in the United States has given birth to a wide variety of rules in different states. In New York, for example, a robust license regime is in place, supervised by the New York State Financial Services Department. In Montana, digital assets remain unregulated (no required license) and in California, The regulations are incoming.
Even among the states that need monetary issuer licenses (MTL), the rules vary. For example, whether or not you need a stablecoin payment license may depend exactly on type of the payment you make and where the sender, the recipient and the payment processor are.
If your company explores the launch of a stablecoin product or the management of stablecoin payments, it is important to work with a partner that can help you navigate in this fragmented image.
At BVNK, we work closely with regulators to better understand their expectations and to stay ahead of developments. Our teams of conformity, experienced risks and techniques support our customers thanks to the process of integration of stablescoins, for example by helping them to understand if they must be authorized for their use case, or if they are able to rely on BVNK licenses and reasonable diligence processes.
Are Stablecoins in accordance with anti-white (AML) rules?
Whether you are an unregulated fintech or a regulated financial institution via state license councils, you must apply LMA rules and transactions monitoring for stablecoins in the same way you do for traditional payments.
If your business works with a partner to treat Stablecoin payments, you will have to make yourself comfortable with its LMA approach.
The LMA rules for cryptographic asset service providers differ slightly from competence to competence – for example, payment thresholds can change – but basic obligations remain the same. For example, you must:
- have an effective financial control framework in place
- Make reasonable diligence improved on your customers
- And monitor transactions and report any suspicious activity.
You must also join Travel rule Requirements, securely sharing information with your counterpart supplier, to whom payment sends and to whom payment is intended.
The good news is that LMA measures can be just as effective, if not more effective for stablecoins as for traditional payments, if you work with the right partners and combine it with the right tools and practices. The transparent, true and permanent nature of blockchains, combined with advanced blockchain analysis tools, allows suppliers, police and regulators to detect and prevent crime with a high degree of efficiency.
At BVNK, we adopt a multilayer approach, including customer identification and reasonable diligence, and the deployment of blockchain analysis tools to carry out real -time transactions monitoring. In addition, we offer an additional protective layer using automatic learning to reveal new risks.
For BVNK customers who opt for a stable cointer experience integrated into their own platform and brand, BVNK provides compliance as a service – managing KYC / B of customers of our customers.
An approach to the compliance of stablecoins
BVNK has financial services licenses and regulatory approvals worldwide. We are an MSB recorded with several MTL in the United States. Were Also Regulated as an EMI in the United Kingdom and Europe and has registered in the cryptography services in Europe, allowing us to offer stablecoin services worldwide.
We are here to support global companies that seek to integrate stablecoins, so that they can browse with confidence this exciting space. If you are interested in hearing about the stable process that we are launching in the United States, get in touch.