Introduction At the Global Fintech Fest in Mumbai this week, India conspicuously sidelined cryptocurrencies and stablecoins from its agenda, signaling continued regulatory caution. Despite Bitcoin reaching record highs and global…
Introduction Recent U.S. proposals on stablecoin reserve frameworks are drawing attention from industry stakeholders. Under the new regulatory eye, issuers may be mandated to hold high-quality liquid assets, implement rigorous…
Introduction The European Systemic Risk Board has issued a warning that rapidly growing stablecoin markets pose serious systemic risks, particularly through cross-border models that combine issuers inside and outside the…
Introduction A consortium of nine major European banks has formed a new company to launch a euro-denominated stablecoin under the Markets in Crypto-Assets (MiCAR) framework. The initiative aims for a…
Introduction The passage of the GENIUS Act in the United States has energized payment companies and fintechs to consider issuing stablecoins themselves. With clearer regulatory guardrails, several firms that operate…
Introduction Euro zone finance ministers are preparing to discuss new strategies to encourage the issuance and adoption of euro-denominated stablecoins. The move comes as most stablecoins globally are pegged to…
Introduction The Bank for International Settlements (BIS) Innovation Summit 2024 brought together central bankers, policymakers, and leading fintech experts to examine the evolving role of central banks in the digital…
Introduction The International Monetary Fund (IMF) has released a comprehensive framework aimed at guiding the governance of cross-border stablecoins, recognizing the increasing significance of these digital assets in global finance.…
Introduction Circle, the issuer of the USDC stablecoin, has submitted an application for a U.S. national trust bank charter, marking a pivotal moment in the institutionalization and regulation of stablecoins.…
Introduction Euro zone finance ministers are actively exploring strategies to boost the issuance of euro-denominated stablecoins, recognizing the growing dominance of U.S. dollar-pegged digital assets in the global market. The…