Stablecoins

Stablecoins

Finance

This sanctioned Russian stablecoin claims it processes billions, but blockchain analysts disagree

A7A5 claims crypto data providers understate its trading activity, while blockchain analytics firms say the ruble-backed token's volumes have fallen sharply this year.

Kremlin and Moskva River. (Pavel Kazachkov/CoinDesk)

Policy

Three years after MiCA became law, Europe's crypto framework is undergoing a rethink

Europe’s MiCA regime is now up for review, known colloquially as “MiCA 2.0,” through a consultation that closes around September.

ESMA offices. (ESMA/Media)

Markets

Jefferies warns against buying the dip in Circle as Open USD raises new competition fears

The investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC's growth.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

French banking giant Crédit Agricole rolls out euro stablecoin, EURXT

EURXT debuted with 20 million tokens in circulation, backed 1:1 by euro reserves at Caceis Bank, and competes with Circle's EURC and SocGen's EURCV.

Man walking into Credit Agricole branch

Policy

Europe is rewriting its landmark crypto rulebook MiCA as hard July 1 deadline passes

The EU is reviewing whether its landmark crypto regulation MiCA needs updating for a market reshaped by stablecoins and tokenization.

European Union (Antoine Schibler/Unsplash)

Finance

Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption

The Stripe- and Coinbase-backed stablecoin consortium can challenge Circle's business model, but analysts say building a network is harder than assembling big-name partners.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Policy

UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements

The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.

UK FCA building (FCA)

Finance

Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC

The world's largest custody bank is adding USDC custody and minting services as stablecoins move deeper into traditional finance.

BNY Mellon (Getty Images/Cheng Xin)

Markets

BIS warns stablecoins are more like ETFs than actual money, and they're creating FX risk

BIS's latest annual report dives into stablecoins and AI trends.

The BIS building in Basel

Finance

Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market

The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate's tokenized money market fund as fund manager earlier this year.

Entrance to the Invesco QQQ lounge