Stablecoins

Stablecoins

Policy

Japan Regulator to Support Country's 3 Largest Banks in Stablecoin Issuance

Japan's financial regulator, FSA, said the venture will see MUFG, SMBC and Mizuho explore the joint issuance of a stablecoin as an electronic payment instrument.

Aerial view of Tokyo (Jaison Lin/Unsplash, modified by CoinDesk)

Policy

UK Stablecoin Rules Will Be in Place 'as Quickly as the U.S.,' BOE Says: Bloomberg

BOE Deputy Governor Sarah Breeden tied the need to impose caps on stablecoin holdings to the U.K.'s mortgage market, which relies on commercial bank lending.

Bank of England (Robert Bye / Unsplash / Modified by CoinDesk)

Policy

Canada Begins March Toward Stablecoin Regulations

In the wake of the U.S. GENIUS Act, Canadian lawmakers are moving on Canadian-dollar-backed stablecoin legislation, which is being cheered by crypto interests.

Toronto, Canada, waterfront (Jesse Hamilton/CoinDesk)

Policy

Chainlink, Apex Group Test Onchain Stablecoin Compliance With Bermuda Regulator

The system provides regulators with real-time visibility into a stablecoin's backing and circulation, automating compliance checks onchain.

Chainlink CEO and co-founder Sergey Nazarov

Markets

Ripple's Stablecoin Hits $1B Milestone; Company President Discusses M&A Strategy to Fuel Growth

The U.S. dollar stablecoin of the blockchain firm climbs the ranks faster than most, tapping into its global payments network to accelerate adoption.

Ripple President Monica Long (left) on stage at Ripple Swell 2025 in New York. (Ripple)

Finance

Bitnomial Adds RLUSD and XRP as Margin Collateral, Expanding Crypto Derivatives Offerings

The company will become the first U.S.-regulated clearinghouse to accept stablecoins as margin collateral.

A person looking at multiple trading screens. (sergeitokmakov/Pixabay/Modified by CoinDesk)

Markets

Standard Chartered CEO Sees Hong Kong Stablecoin as Pivotal for International Trade Settlement

At FinTech Week, the Standard Chartered CEO said Hong Kong’s digital asset pilots, including HKD-backed stablecoins and tokenized deposits, could transform cross-border trade, as regulators unveiled new rules allowing shared order books for crypto exchanges.

Bill Winters, CEO of Standard Chartered, speaks during HK Fintech Week (screenshot)

Tech

Circle CEO Jeremy Allaire Calls Arc ‘an Economic OS for the internet’

In a recent CNBC interview, Jeremy Allaire outlined dollar-priced fees, fast finality, and privacy for Arc, while pointing to rising USDC use in emerging markets.

2021 Photo of Circle CEO Jeremy Allaire

Markets

Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'

The launch follows Ripio's previous release of a tokenized sovereign bond and is part of a broader push to bring real-world assets onto blockchain rails.

Flag of Argentina (Angelica Reyes/Unsplash/Modified by CoinDesk)

Opinion

MiCA Won’t Save Us From a Stablecoin Crisis. It Might Be Building One

MiCA deserves credit for imposing order on chaos, but its structure rests on a dangerous assumption: that proof-of-reserves equals proof-of-stability, argues Dr. Daniel D’Alvia. It does not.

The EU seeks to put savings caps on the digital euro.