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The HKMA Unveils “Fintech 2030” at the Hong Kong FinTech Week 2025 (HKMA)
The HKMA Unveils “Fintech 2030” at the Hong Kong FinTech Week 2025 (HKMA)
The Hong Kong Monetary Authority (HKMA) unveiled its “Fintech 2030” strategy during the Hong Kong FinTech Week 2025, marking a major milestone for the city’s fintech sector. The new strategy is organized under four pillars, called “DART”: developing next-generation data and payment infrastructure; advancing responsible adoption of artificial intelligence in financial institutions with a shared, scalable AI approach; enhancing technology and quantum resilience, including proactive steps for post-quantum cryptography; and accelerating tokenization of finance, with initiatives such as tokenized government bonds and new forms of digital money like e-HKD and regulated stablecoins. With over 40 initiatives planned, the HKMA aims to position Hong Kong as a resilient, future-ready global fintech hub, leveraging collaboration across the sector to foster innovation, inclusion, and sustainability.​ [Source: HKMA]
#Fintech#HongKong#CBDC#Stablecoins#Tokenization#DFC#DepositTokens#AI#QuantumComputing#Payments#PaymentSystems#CrossBorder
·hkma.gov.hk·
The HKMA Unveils “Fintech 2030” at the Hong Kong FinTech Week 2025 (HKMA)
The Rise of Stablecoins and Implications for U.S. Treasury Markets (Brookings)
The Rise of Stablecoins and Implications for U.S. Treasury Markets (Brookings)
The Brookings Institution published a working paper that examines how the rapid adoption of U.S. dollar-pegged stablecoins has begun to transform international finance and demand for U.S. Treasury securities. Stablecoins are favored in cross-border payments and remittance corridors, particularly in economies facing high inflation or weak local currencies, due to their lower costs, quicker settlements, and easy access. The authors show that stablecoin issuers now hold Treasury exposure approaching major foreign holders, and their continued growth could drive stablecoin-backed demand for Treasuries to trillions of dollars by 2030. While this diversification may benefit U.S. fiscal stability, it also introduces risks, such as regulatory arbitrage, concentration among few issuers, systemic vulnerabilities, and potential currency substitution in emerging markets. The authors emphasize the need for clear global oversight, regulatory coordination, and stress-testing frameworks for issuers, as well as monitoring the broader impacts on monetary sovereignty and financial stability. [Source: Brookings]
#Stablecoins#Fintech#FinancialStability#DFC#CryptoAssets
·brookings.edu·
The Rise of Stablecoins and Implications for U.S. Treasury Markets (Brookings)
Revolut Secures MiCA License in Cyprus to Launch Europe-Wide Crypto Services (CoinTelegraph)
Revolut Secures MiCA License in Cyprus to Launch Europe-Wide Crypto Services (CoinTelegraph)
Revolut has reportedly obtained a Markets in Crypto-Assets Regulation (MiCA) license from Cyprus’ securities regulator, enabling the fintech giant to provide regulated crypto services across all 30 countries in the European Economic Area. This strategic move supports the launch of Revolut’s new “Crypto 2.0” platform, which will feature access to over 280 tokens, zero-fee staking with up to 22% APY, and seamless 1:1 stablecoin-to-US dollar conversions. [Source: CoinTelegraph]
#CryptoAssets#Regulation#Europe#Stablecoins#Fintech#Cyprus#DFC
·cointelegraph.com·
Revolut Secures MiCA License in Cyprus to Launch Europe-Wide Crypto Services (CoinTelegraph)
Kyrgyzstan Launches National Stablecoin in Partnership with Binance (Reuters)
Kyrgyzstan Launches National Stablecoin in Partnership with Binance (Reuters)
Kyrgyzstan has reportedly launched its first national stablecoin, KGST, pegged 1:1 to its national currency, the som, and built on Binance's BNB Chain. The launch was attended by Binance co-founder Changpeng "CZ" Zhao, who also serves as a strategic advisor to Kyrgyzstan's crypto committee. Alongside the stablecoin, Kyrgyzstan is piloting a central bank digital currency (CBDC) called the digital som. ​[Source: X] https://x.com/cz_binance/status/1982028486790328802
#CBDC#Stablecoins#Binance#Kyrgyzstan#DFC#Fintech
·reuters.com·
Kyrgyzstan Launches National Stablecoin in Partnership with Binance (Reuters)
Western Union to Pilot Stablecoin-Powered Transfers (Coin Telegraph)
Western Union to Pilot Stablecoin-Powered Transfers (Coin Telegraph)
Western Union is piloting a stablecoin-based settlement system to modernize its remittance operations, aiming to reduce reliance on traditional banking systems and improve efficiency for its 150 million customers. CEO Devin McGranahan highlighted the potential of blockchain technology to shorten settlement times and enhance capital efficiency, especially for users in high-inflation countries. [Source: Coin Telegraph]
#Stablecoins#Remittances#CrossBorder#Payments#DFC#UnitedStates#CryptoAssets
·cointelegraph.com·
Western Union to Pilot Stablecoin-Powered Transfers (Coin Telegraph)
Early Warning Expands Zelle Network with Stablecoin Initiative (EWS)
Early Warning Expands Zelle Network with Stablecoin Initiative (EWS)
Early Warning Services (EWS), the network operator of the Zelle fast payment system, announced a new stablecoin-based initiative to enable Zelle to deliver faster and more reliable cross-border money movement. The Zelle service enables individuals to electronically transfer money from their bank account to another registered user's bank account using a mobile device or the website of a participating banking institution. Transfers between bank accounts of registered users are typically completed within minutes and without fees. [Source: EWS]
#Zelle#Payments#Stablecoins#CryptoAssets#Fintech#CrossBorder#DFC#UnitedStates
·earlywarning.com·
Early Warning Expands Zelle Network with Stablecoin Initiative (EWS)
Stablecoin-Related Yield Products: Some Regulatory Approaches (BIS FSI)
Stablecoin-Related Yield Products: Some Regulatory Approaches (BIS FSI)
The BIS Financial Stability Institute (FSI) published a brief that analyzes regulatory approaches for stablecoin-related yield products, where crypto-asset service providers (CASPs) offer returns to holders of payment stablecoins, despite these tokens not being designed to generate on-chain yields. CASPs create returns through mechanisms such as lending, margin pools, DeFi protocols, or loyalty programs, which blur payment-investment boundaries and expose users to consumer protection risks, absent deposit insurance or strict oversight. While all surveyed jurisdictions prohibit issuers from directly remunerating stablecoin balances, regulation of CASP-provided yields varies: some (EU, Hong Kong) ban yield products entirely, some (Singapore) restrict them for retail users but allow for professionals, and others (US) currently lack explicit prohibitions. The paper highlights potential risks of these products, including consumer protection holes, financial stability vulnerabilities, and operational conflicts of interest. Addressing these risks may require a regulatory framework that cover CASPs' stablecoin-related activities, close regulatory gaps and safeguard end users' protection and financial stability.[Source: BIS FSI]
#Stablecoins#Regulation#BIS#FinancialStability#Supervision#CryptoAssets#Fintech#DFC
·bis.org·
Stablecoin-Related Yield Products: Some Regulatory Approaches (BIS FSI)
Nigeria's Ministry of Finance and Central Bank to Study Stablecoin Adoption (Business Day Nigeria)
Nigeria's Ministry of Finance and Central Bank to Study Stablecoin Adoption (Business Day Nigeria)
Nigeria's Ministry of Finance and central bank have reportedly established a working group to examine the adoption of stablecoins as part of its financial sector innovation agenda. They aim to explore the broader implications of integrating stablecoins, balancing support for technological innovation with the need to mitigate associated risks. This is all against the backdrop of the underwhelming response to the e-Naira central bank digital currency (CBDC). [Source: Business Day Nigeria]
#Stablecoins#Nigeria#Fintech#DFC#CBDC
·businessday.ng·
Nigeria's Ministry of Finance and Central Bank to Study Stablecoin Adoption (Business Day Nigeria)
Bank-Issued Stablecoins in Europe Under MiCA Regulation (Blockstories)
Bank-Issued Stablecoins in Europe Under MiCA Regulation (Blockstories)
Blockstories's Louis Tellier highlighted three key insights about the stablecoin business in Europe under MiCA regulation. First, banks issuing stablecoins are not required to maintain segregated reserves, allowing them to integrate stablecoin assets within their balance sheets and partially lend them under a fractional-reserve model, which provides banks a unique competitive edge over electronic money institutions (EMIs) like Circle that must maintain fully backed, segregated reserves. Second, despite MiCA’s prohibition on yield distribution for stablecoins, some platforms have enabled yield via DeFi integrations through non-custodial wallets—taking advantage of a regulatory “DeFi exemption” that falls outside MiCA’s scope; recent examples include Bitpanda and Deblock using protocols like Morpho. Lastly, deploying bank-issued stablecoins in DeFi is now feasible, with regulations clarifying that issuers need not know the identity of every holder at all times, as long as compliance features such as blacklists and token freezing are embedded in smart contracts, demonstrated by Société Générale and ODDO BHF. [Source: LinkedIn]
#Europe#Stablecoins#Regulation#CryptoAssets#DFC#Fintech
·linkedin.com·
Bank-Issued Stablecoins in Europe Under MiCA Regulation (Blockstories)
Embracing New Technologies and Players in Payments (FRB)
Embracing New Technologies and Players in Payments (FRB)
U.S. Federal Reserve Board (FRB) Governor Waller introduced the concept of a "skinny" master account, or payment account, at the FRB's Payments Innovation Conference. The proposal envisions making basic Federal Reserve (Fed) payment services available to legally eligible depository institutions (i.e., banks) focused on payments innovation, especially those that do not require full access to the traditional master account's suite of services. The skinny account would provide access to Fed payment rails but would come with key restrictions: it would not pay interest, could have balance caps, would lack daylight overdraft privileges, and would not allow discount window borrowing or access to all Fed services. The goal is to streamline account approval for lower-risk firms, helping payment innovators move faster while maintaining the safety and stability of Fed operations. This is presented as a prototype idea, and staff will solicit stakeholder feedback going forward.​ [Source: FRB] See also: https://bankingjournal.aba.com/2025/11/feds-waller-skinny-master-account-would-only-be-available-to-banks/
#Payments#Stablecoins#CryptoAssets#Fintech#PaymentSystems#DFC#UnitedStates#FRB#Regulation
·federalreserve.gov·
Embracing New Technologies and Players in Payments (FRB)
Oddo BHF Launches its First Euro-Backed Stablecoin (Oddo BHF)
Oddo BHF Launches its First Euro-Backed Stablecoin (Oddo BHF)
Oddo Berliner Handels- und Frankfurter (Oddo BHF) became one of the first European banks to launch a stablecoin with the launch of its EUROD. According to Blockstories, approval was given by Autorité de Contrôle Prudentiel et de Résolution (ACPR), the French banking supervisor. This also makes Oddo BHF the first European bank not to set up a segregated reserve for a bank-issued stablecoin, which means that the stablecoin’s reserves appear on Oddo BHF’s balance sheet and can be integrated into the bank’s fractional-reserve system. Currently only Japan's, Singapore's, and the European Union's stablecoin regulations allow credit institutions to issue stablecoins directly backed by their balance sheets. https://www.linkedin.com/posts/louis-tellier-822671129_oddo-bhf-1st-bank-to-bring-stablecoin-activity-7386329297843625984-Mca2/ [Source: Oddo BHF]
#Stablecoins#Eurozone#Europe#Fintech#DFC#Regulation#CryptoAssets
·oddo-bhf.com·
Oddo BHF Launches its First Euro-Backed Stablecoin (Oddo BHF)
Bank of England on Proposed Stablecoin Regulatory Approach (BOE)
Bank of England on Proposed Stablecoin Regulatory Approach (BOE)
Bank of England (BOE) Deputy Governor Sarah Breeden spoke at the Washington DC Fintech Week highlighting how the central bank is advancing regulations for sterling-denominated stablecoins. The BOE is aiming for rules that ensure stablecoins are as robust as commercial bank money, maintaining the “singleness of money” crucial for monetary and financial stability. The approach includes granting systemic stablecoin issuers BOE accounts for a portion of their backing assets, and considering liquidity facilities for redemption support. Temporary holding limits on stablecoins are proposed to ensure financial stability during the transition, with adjustments as risks subside. The Bank distinguishes between stablecoins used in general payments and those settling unbacked crypto-asset trades, focusing regulatory attention only on the former, and plans to finalize the regime next year.​ [Source: BOE]
#Tokenization#Fintech#Regulation#UnitedKingdom#CryptoAssets#Stablecoins#DFC
·bankofengland.co.uk·
Bank of England on Proposed Stablecoin Regulatory Approach (BOE)
Review of FSB Global Regulatory Framework for Crypto-Asset Activities (FSB)
Review of FSB Global Regulatory Framework for Crypto-Asset Activities (FSB)
The Financial Stability Board (FSB) published an assessment of progress by member and select non-member jurisdictions in implementing its global regulatory framework for crypto-asset activities, consisting of high-level recommendations for the oversight of both general crypto-assets and global stablecoins (GSCs). The report finds that while many jurisdictions have advanced regulatory frameworks for crypto-asset activities, significant gaps and inconsistencies remain, particularly regarding stablecoin arrangements, with few countries having fully implemented tailored regimes aligned to FSB standards. These disparities pose risks of regulatory arbitrage and complicate oversight of the rapidly evolving, cross-border crypto market. Authorities still face substantial challenges in supervising crypto-asset service providers (CASPs), ensuring robust data reporting, and achieving effective cross-border coordination. [Source: FSB]
#FSB#CryptoAssets#Regulation#Fintech#DFC#Stablecoins
·fsb.org·
Review of FSB Global Regulatory Framework for Crypto-Asset Activities (FSB)
Group of Leading International Banks Explores Stablecoin Issuance (BNP Paribas)
Group of Leading International Banks Explores Stablecoin Issuance (BNP Paribas)
"A group of leading international banks is jointly exploring the issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains, focused on G7 currencies. The group of banks includes Banco Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, MUFG Bank Ltd, TD Bank Group and UBS. The objective of the initiative is to explore whether a new industry-wide offering could bring the benefits of digital assets and enhance competition across the market, while ensuring full compliance with regulatory requirements and best practice risk management. The group is in contact with regulators and supervisors in each relevant market and will continue to keep appropriate parties updated as the project progresses." [Source: BNP Paribas]
#Fintech#Stablecoins#CryptoAssets#DFC
·group.bnpparibas·
Group of Leading International Banks Explores Stablecoin Issuance (BNP Paribas)
Why Stablecoins Aren’t the Threat That the Banking Industry Claims (MarketWatch)
Why Stablecoins Aren’t the Threat That the Banking Industry Claims (MarketWatch)
A MarketWatch article by the Columbia Business School's Omid Malekan argues that stablecoins do not pose the significant threat to the banking system that the industry claims. He points out that U.S. banks are not the main providers of credit—capital markets and nonbanks play larger roles—so the idea that stablecoins would drain critical lending capacity is flawed. Banks currently have a surplus of deposits, much of which sits idle at the Federal Reserve earning large, risk-free profits, partly because banks pay savers very low interest. Stablecoins, at less than 1% of U.S. M2, are too small to disrupt banks and could make capital markets more efficient, with initial demand for them likely coming from abroad. Instead of fearing stablecoins, banks could simply compete by offering higher interest and improving services. The real issue is that stablecoins might force big banks to accept lower profits, especially from fees and low-interest checking accounts, not threaten their survival. The article calls for regulators and Congress to resist protectionist measures for banks, emphasizing that competition and innovation benefit consumers and the economy.
#Stablecoins#FinancialStability#Fintech#Regulation#UnitedStates#DFC#CryptoAssets
·marketwatch.com·
Why Stablecoins Aren’t the Threat That the Banking Industry Claims (MarketWatch)
Ugandan Digital Shilling Stablecoin Launched (GSN and Diacente)
Ugandan Digital Shilling Stablecoin Launched (GSN and Diacente)
Global Settlement Network (GSN) and Diacente Group have launched a stablecoin backed by Ugandan government bonds deployed on GSN's permissioned blockchain. This digital shilling will incorporate full compliance with financial integrity (AML/CFT/KYC) regulations, and will be accessible by both smartphone and USSD, even to those without bank accounts. It is being billed as a central bank digital currency (CBDC) but there is no mention of Bank of Uganda (BOU) involvement, so at best it might be a central bank issued stablecoin. I've checked on the BOU website and there is no mention of this initiative. [Source: GlobeNewswire]
#Fintech#CBDC#Uganda#DFC#Stablecoins
·globenewswire.com·
Ugandan Digital Shilling Stablecoin Launched (GSN and Diacente)
How Will Stablecoins Integrate with the Financial System? (CIGI)
How Will Stablecoins Integrate with the Financial System? (CIGI)

How Will Stablecoins Integrate with the Financial System (CIGI) The Centre for International Governance Innovation (CIGI) published a paper by Christian Catalini on ho stablecoins might integrate with the financial system. In the most likely scenario—a reformed Bretton Woods framework—he sees fully reserved, well-regulated stablecoins becoming core settlement infrastructure, connecting disparate payment systems and streamlining cross-border transactions for banks, fintechs, and merchants. If the world shifts toward a multipolar arrangement, stablecoins might be expected to thrive within Western financial spheres, driving programmable payments and innovation, while central bank digital currencies (CBDCs) dominate in other blocs, with bitcoin serving as a neutral bridge. In more fragmented or authoritarian scenarios, stablecoins could be relegated to niche roles or co-opted by states for surveillance and control, with CBDCs or state-aligned stablecoins prevailing in domestic flows and bitcoin acting as a hedge against capital restrictions. Ultimately, Catalini foresees an interoperable, layered regime where stablecoins link platform economies and global commerce, CBDCs address domestic policy needs, and permissionless digital assets like bitcoin provide an escape valve, with speed and programmability determining which form will set the standard for future monetary integration.​ [Source: CIGI]

#Fintech#Stablecoins#CryptoAssets#CBDC#DFC
·cigionline.org·
How Will Stablecoins Integrate with the Financial System? (CIGI)
Corporate Blockchains Are Unlikely to Work
Corporate Blockchains Are Unlikely to Work
Omid Malekan argues that recent payment-focused blockchains launched by corporations like Stripe, Tether, and Circle are unlikely to succeed in the long run, despite initial adoption due to their resources and partners. The key reason is that these corporate blockchains misunderstand the core purpose of blockchain technology, which is to empower communities by removing centralized control, not to enhance corporate efficiency. Contrary to popular belief, blockchains don’t make payments faster or cheaper. Modern payment systems are faster than even the most sophisticated crypto platforms. And by creating permissioned or centralized networks that primarily benefit their own interests, these companies undermine the very features—neutrality, censorship resistance, and economic democratization—that make blockchains valuable. As a result, their projects risk recreating the inefficiencies and rent-seeking of existing payment systems rather than delivering genuine innovation. [Source: Substack]
#Stablecoins#Blockchain#Fintech#Payments#DFC
·malekanoms.substack.com·
Corporate Blockchains Are Unlikely to Work
BOE Plans Carveouts on Stablecoin Cap After Industry Backlash (Bloomberg)
BOE Plans Carveouts on Stablecoin Cap After Industry Backlash (Bloomberg)
The Bank of England (BOE) reportedly plans to grant exemptions to its proposed £20,000 cap for individuals and £10 million cap for businesses on stablecoin holdings, specifically targeting crypto exchanges and other firms that require large stablecoin positions. The central bank will also allow firms to use stablecoins as settlement assets in its experimental Digital Securities Sandbox, marking a notable shift from Governor Andrew Bailey's earlier warnings that stablecoins could destabilize public trust in money. This policy adjustment comes amid growing concerns that the UK is falling behind the US in stablecoin regulation, with only $581,000 worth of pound-pegged stablecoins in circulation compared to $468 million in euro-pegged tokens, and fears that talent and investment could flow to New York under the Trump administration's more favorable Genius Act framework. The changes reflect pressure from the digital payments industry. [Source: Bloomberg]
#CryptoAssets#Stablecoins#Regulation#UnitedKingdom#Fintech#DFC
·bloomberg.com·
BOE Plans Carveouts on Stablecoin Cap After Industry Backlash (Bloomberg)
The GENIUS Act and Stablecoins: Could This Replace State Money Transmitter Licensing? (K&L Gates)
The GENIUS Act and Stablecoins: Could This Replace State Money Transmitter Licensing? (K&L Gates)
The GENIUS Act, signed in July 2025, establishes the first U.S. federal framework for regulating payment stablecoins, fundamentally transforming how fintechs and nonbanks can offer payment services. Traditionally, nonbank payment providers needed partnerships with chartered banks or a patchwork of state money transmitter licenses, imposing complex and costly compliance burdens. The GENIUS Act enables qualified issuers—including nonbanks regulated at federal or state levels—to issue, redeem, and manage stablecoins under one national or “passportable” state license, potentially removing the requirement to obtain multiple state licenses. The Act may allow payment stablecoins to serve as a new foundational payment rail for services like remittances, bill payments, and prepaid cards. While the Act preempts state licensing laws for federally or state-qualified stablecoin issuers, businesses must still comply with consumer protection laws and rigorous regulatory requirements. State regulators have expressed concern about preemption, but the Act’s ultimate impact depends on future implementing regulations and oversight rigor.
#Fintech#Regulation#Stablecoins#UnitedStates#CryptoAssets#DFC
·klgates.com·
The GENIUS Act and Stablecoins: Could This Replace State Money Transmitter Licensing? (K&L Gates)
A Historical Perspective on Stablecoins (NY Fed)
A Historical Perspective on Stablecoins (NY Fed)
The NY Federal Reserve Bank published a blog that draws a historical comparison between today’s stablecoins and national bank notes issued from 1863 to 1935, highlighting that both forms of privately issued money are anchored by government-backed assets and were shaped by federal regulation. Following the 2025 GENIUS Act, U.S. stablecoins must be issued by approved institutions and backed one-to-one by safe assets, mirroring how national bank notes were overcollateralized with federal bonds to protect holders against default. The history shows how over time, deposits became more appealing than bank notes, suggesting that stablecoins could similarly be displaced by improved deposit and payment services—especially as banks innovate with tokenized products. Ultimately, the article argues that while stablecoins may strengthen demand for federal debt and offer payment efficiency, especially for cross-border transactions, their domestic expansion is likely to be limited by competition and regulatory safeguards. [Source: NY Fed]
#Stablecoins#UnitedStates#History#Fintech#DFC#Regulation
·libertystreeteconomics.newyorkfed.org·
A Historical Perspective on Stablecoins (NY Fed)
DEA MiCAR-Compliant Stablecoin Tracker Expands to Cover CASPs (DEA)
DEA MiCAR-Compliant Stablecoin Tracker Expands to Cover CASPs (DEA)
The Digital Euro Association (DEA) open source Markets in Crypto-Assets Regulation (MiCAR) Tracker has broadened its coverage to include both electronic money tokens (EMTs) and crypto-asset service providers (CASPs)(EMTs are stablecoins backed by traditional currencies). The data comes directly from the European Securities and Markets Authority (ESMA) and is continuously updated. The tracker was showing 23 authorized EMTs and 15 licensed EMT issuers across 9 European countries, and 57 registered CASPs across 11 countries as of late September 2025. [Source: DEA]
#CryptoAssets#Europe#Fintech#Regulation#Stablecoins#DEA#DFC
·micatracker.digital-euro-association.de·
DEA MiCAR-Compliant Stablecoin Tracker Expands to Cover CASPs (DEA)
Paxos and Aleo Introduce USAD Stablecoin (Aleo)
Paxos and Aleo Introduce USAD Stablecoin (Aleo)
Paxos Labs and the Aleo Network Foundation have partnered to launch USAD, a new U.S. dollar stablecoin issued on Aleo’s privacy-first layer 1 blockchain, with smart contract support and robust confidentiality for transaction details. USAD leverages Aleo’s zero-knowledge cryptography and Paxos Labs’ regulated asset infrastructure to address institutional concerns by encrypting transactions end-to-end, thus providing privacy and compliance for digital dollars. The project builds on Aleo’s involvement in the Global Dollar Network and recent partnerships with financial platforms, positioning USAD as a secure, programmable, and privacy-protecting stablecoin for enterprises and users alike. [Source: Aleo]
#CryptoAssets#Stablecoins#Fintech#Paxos#DFC
·aleo.org·
Paxos and Aleo Introduce USAD Stablecoin (Aleo)
The New U.K. Stablecoin Regime (FT)
The New U.K. Stablecoin Regime (FT)
In an op-ed in the Financial Times (FT), Bank of England Governor Andrew Bailey, explained the evolving regulatory approach toward stablecoins in the United Kingdom. He identifies key requirements: backing stablecoins with risk-free assets, establishing insurance and insolvency protection for holders, and ensuring transparent, consistent exchange terms with other forms of money. Bailey noted the potential for stablecoins to separate money creation from credit provision, with banks and stablecoins coexisting and non-banks carrying out more of the credit provision role. By the end of 2025, the Bank of England plans to publish a consultation on a regime for systemic stablecoins, aiming to retain trust in money while fostering innovation by allowing widely used U.K. stablecoins access to central bank accounts. [Source: FT]
#Stablecoins#Regulation#CryptoAssets#Fintech#UnitedKingdom#DFC
·ft.com·
The New U.K. Stablecoin Regime (FT)
ESRB and ECB Push Multi-Issuance Stablecoin Ban (Bloomberg)
ESRB and ECB Push Multi-Issuance Stablecoin Ban (Bloomberg)
The European Systemic Risk Board (ESRB), backed by the European Central Bank (ECB), has reportedly recommended a ban on multi-issuance stablecoins—those issued jointly in the European Union (EU) and other jurisdictions—citing concerns about financial stability. While not legally binding, the ESRB’s guidance increases pressure on regional authorities to either adopt such restrictions or demonstrate how stability will be maintained without them. The move targets major stablecoin issuers like Circle and Paxos, operating mainly in the US, but the impact on companies already licensed in the EU remains unclear. ECB President Lagarde had previously spoken out about the dangers of a situation where foreign holders of a stablecoin had a claim on EU-based issuers, warning that it posed “significant legal, operational, liquidity and financial stability risks at EU level.” [Source: Bloomberg]
#CryptoAssets#Stablecoins#Regulation#ECB#FinancialStability#Eurozone#DFC
·bloomberg.com·
ESRB and ECB Push Multi-Issuance Stablecoin Ban (Bloomberg)
How Africans Are Using Stablecoins to Cut Remittance Costs (CoinTelegraph)
How Africans Are Using Stablecoins to Cut Remittance Costs (CoinTelegraph)

CoinTelegraph reposts that stablecoin adoption among Africans in cities like Nairobi and Lagos is driven in part by the steep costs of traditional financial services. Sending remittances through banks or money transfer operators averages around 8.45% in Sub-Saharan Africa, making it one of the world’s most expensive corridors. In contrast, digital-first platforms that leverage stablecoins have reduced typical fees to about 4% or even less, making transactions significantly cheaper, especially for the $200-$1,000 transfers that sustain families and small businesses. By offering lower costs, faster settlement, and protection from local currency volatility, stablecoins are transforming daily financial life and making payments, savings, and trade more affordable and practical for millions—though users must still navigate risks around regulation and security as the ecosystem evolves. [Source: CoinTelegraph]

#Fintech#CryptoAssets#Stablecoins#Africa#Payments#Remittances#CrossBorder#DFC
·cointelegraph.com·
How Africans Are Using Stablecoins to Cut Remittance Costs (CoinTelegraph)
Cloudflare Introduces NET Dollar to Support AI-Driven Internet (Cloudflare)
Cloudflare Introduces NET Dollar to Support AI-Driven Internet (Cloudflare)
Cloudflare launched NET Dollar, a USD-backed stablecoin designed to facilitate instant, secure, and global payments, enabling pay-per-use, microtransactions, and fractional payments. The initiative aims to modernize online financial rails to support autonomous agents, developers, and creators, fostering an open and sustainable Internet economy that benefits from automated, programmatic transactions and fairly compensates content sources. Cloudflare is also contributing to open standards in agent payments, enhancing trust and interoperability across the evolving digital landscape. [Source: Cloudflare]
#AI#AgenticAI#CryptoAssets#Stablecoins#Fintech#Payments#DFC
·cloudflare.com·
Cloudflare Introduces NET Dollar to Support AI-Driven Internet (Cloudflare)
Stripe’s "Open Issuance" Tool Streamline Stablecoin Management (Stripe)
Stripe’s "Open Issuance" Tool Streamline Stablecoin Management (Stripe)
Stripe announced new products to help businesses take advantage of AI and stablecoins. One was a platform, Open Issuance, that enables businesses to launch and manage their own stablecoins with just a few lines of code, thanks to Stripe’s acquisition of Bridge, a stablecoin infrastructure company. By offering direct minting and burning of coins and the ability to customize reserve compositions between cash and treasuries (managed by partners like BlackRock and Fidelity, with liquidity via Lead Bank), Open Issuance removes the operational and regulatory hurdles of launching a proprietary stablecoin. Coins created through the platform are fully interoperable, with low-cost conversion tools, allowing businesses to capture rewards from stablecoin origination and use these to incentivize customers. The first stablecoins on the platform include CASH (by Phantom), mUSD (for Metamask), and USDH (by Hyperliquid). [Source: Stripe]
#Fintech#Payments#Stablecoins#CryptoAssets#Stripe#USDH#DFC#AgenticAI#AI
·stripe.com·
Stripe’s "Open Issuance" Tool Streamline Stablecoin Management (Stripe)
Deutsche Börse and Circle Announce Stablecoin Collaboration (Circle)
Deutsche Börse and Circle Announce Stablecoin Collaboration (Circle)
Deutsche Börse Group and Circle have announced a collaboration to integrate Circle’s EURC and USDC stablecoins into Deutsche Börse’s market infrastructure, beginning with listing and trading on Deutsche Börse’s digital exchange (360T/3DX) and institutional crypto services, and leveraging their post-trade infrastructure for custody solutions. This initiative aims to reduce settlement risk, lower costs, and streamline trading, settlement, and custody for banks and asset managers. Both organizations see this as a step toward transforming European financial markets with efficient, secure, regulated digital asset and stablecoin ecosystems, bridging traditional and digital finance for broader market access and efficiency. [Source: Circle]
#Circle#Europe#Stablecoins#EURC#USDC#CryptoAssets#DFC
·circle.com·
Deutsche Börse and Circle Announce Stablecoin Collaboration (Circle)
VISA Direct Taps Stablecoins to Unlock Faster Funding for Businesses (VISA)
VISA Direct Taps Stablecoins to Unlock Faster Funding for Businesses (VISA)
VISA is launching a stablecoin prefunding pilot through Visa Direct, aimed at upgrading cross-border business payments. By allowing banks, remittance companies, and financial institutions to pre-fund payouts using stablecoins instead of traditional fiat, VISA intends to streamline and accelerate global money movement. This approach helps businesses unlock liquidity (no longer requiring large fiat pre-funding), provides modern treasury flexibility with near-instant settlement, and offers predictability by minimizing currency volatility. The pilot, active with select partners, will expand in 2026. [Source: VISA]
#Fintech#CryptoAssets#Payments#Stablecoins#CrossBorder#VISA#DFC
·investor.visa.com·
VISA Direct Taps Stablecoins to Unlock Faster Funding for Businesses (VISA)