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US Treasury-Backed Stablecoins – Milestones
Key milestones and important events in US Treasury-Backed Stablecoins's history.
Showing 6 milestones for US Treasury-Backed Stablecoins
US Treasury Backed Stablecoins Founded
US Treasury Backed Stablecoins was founded and officially launched.
Citrea Announces Treasury-Backed Stablecoin ctUSD
Citrea, a Bitcoin ZK-rollup, announced the launch of ctUSD, a native U.S. Treasury-backed stablecoin for the Bitcoin ecosystem, issued by MoonPay.
www.coindesk.com/business/2026/01/15/citrea-unveils-u-s-treasury-backed-stablecoin-for-its-bitcoin-ecosystemGENIUS Act Proposed in U.S. Senate
The GENIUS Act was proposed to create a federal framework for payment stablecoins, mandating 1:1 backing with high-quality liquid assets like short-term T-bills.
USDC Briefly De-pegs
USDC briefly lost its peg following the disclosure of its reserve exposure to the failed Silicon Valley Bank, highlighting risks from the traditional banking system.
NYDFS Issues Stablecoin Guidance
The New York Department of Financial Services (NYDFS) issued landmark guidance for USD-backed stablecoins, establishing rules for reserves, redeemability, and attestations.
www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoinsCollapse of Algorithmic Stablecoin Terra (UST)
The collapse of the algorithmic stablecoin UST accelerated a 'flight to quality', increasing demand for stablecoins backed by transparent and liquid reserves like U.S. Treasuries.