Tag: Stablecoin
South Korean Lawmakers Aim for January Passage with New Stablecoin Bill Ultimatum
Reading time: < 1 minuteSouth Korea’s ruling Democratic Party has delivered a “final demand” to financial authorities for a stablecoin regulatory proposal by December 10.
SARB Warns of ‘Structural Shift’ to Stablecoins in Financial Risk Report
Reading time: < 1 minuteThe South African Reserve Bank’s latest financial stability report signals a new phase of crypto risk, moving beyond volatile assets like Bitcoin and Ether.
Visa Tests Stablecoin Payment Service for US Businesses
Reading time: < 1 minuteVisa has begun piloting a service for US businesses to send stablecoin payouts from their fiat currency accounts.
The SVB Echo: BoE’s Stablecoin Framework Built on Fears of a Digital Bank Run
Reading time: < 1 minuteCiting the 2023 depegging of USDC following the collapse of Silicon Valley Bank, the Bank of England has designed its core stablecoin regulation to prevent a modern-day digital run on the bank.
BoE’s Blueprint: Stablecoin Issuers Must Park 40% of Reserves at Central Bank
Reading time: < 1 minuteThe Bank of England is demanding a direct stake in the stablecoin market, proposing that issuers of systemic digital currencies hold nearly half of their reserves as deposits at the BoE itself.
FSA Launches Payment Innovation Project with Landmark Stablecoin Experiment from Banking Giants
Reading time: < 1 minuteJapan’s Financial Services Agency (FSA) has formally launched its Payment Innovation Project (PIP), and its inaugural initiative is a major one: a stablecoin pilot backed by a consortium of the country’s three major banks.
UK Sets Nov. 10 for Stablecoin Rulebook, Denies Lagging Behind US
Reading time: < 1 minuteThe UK is charging ahead with its plans to regulate stablecoins, with the Bank of England set to publish its consultation on November 10.
Mastercard, Gemini to Use Regulated Stablecoin for Card Settlement
Reading time: < 1 minuteEmphasizing regulatory compliance, Mastercard, Gemini, and Ripple have announced a partnership to explore card transaction settlement using a regulated stablecoin, RLUSD, on a public blockchain.
Canada Commits to Stablecoin Law in New Budget
Reading time: < 1 minuteCanada will regulate stablecoins. The 2025 federal budget includes a plan to introduce legislation requiring issuers to hold proper reserves and protect user data.
Tether Profits Surge Past $10 Billion, Fueled by Massive Treasury Holdings
Reading time: < 1 minuteTether, the issuer of the world’s largest stablecoin, USDT, continues to demonstrate staggering profitability, announcing that its annual profits have exceeded $10 billion.
