Stablecoins
Bermuda, the small island nation with huge crypto ambitions
The government recently announced it would become the world’s first economy to go fully onchain, a move officials believe will bring its people new opportunities.
StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens
The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million.
At $322 billion, the stablecoin market value exceeds the FX reserves of 95 nations
The amount of dollars and other fiat currencies held by users outside traditional banking channels now exceeds the official FX reserves of 95 nations.
Crypto rails are becoming the default payment layer for AI agents, report says
A new report from Keyrock says stablecoins on blockchain rails are becoming the go-to payment layer for AI agents as traditional card rails struggle to handle micropayments.
Stablecoins retain the edge over tokenized money market funds, JPMorgan says
The bank said tokenized money market funds account for only about 5% of the broader stablecoin universe despite offering yield.
Crypto Long & Short: Bitcoin-backed loans belong in the cost-of-capital conversation
In this week’s Crypto Long & Short Newsletter, Alec Beckman on why BTC-backed lending is not a crypto story, but a capital efficiency story. Then, Serena Sebastiani on how stablecoins aren’t a crypto product; they’re becoming the settlement infrastructure global finance forgot.
Telegram group at center of Jane Street insider-trading allegations in Terra collapse
Newly unsealed filings detail a private chat dubbed ‘Bryce’s Secret’ that Terraform’s estate says gave Jane Street an informational edge before UST’s collapse.
Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair
Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later.
Germany's AllUnity plans Swedish krona stablecoin, pushes into AI agentic payments
The DWS and Galaxy-backed firm targets June debut for its SEKAU stablecoin as Europe pushes to build regulated local-currency alternatives to U.S. dollar tokens.
Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance
Qivalis, a stablecoin initiative backed by a group of European banks, aims to issue a stablecoin later this year to deepen the euro's role in tokenized finance.
