Introduction The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have recently issued warnings about the risks that artificial intelligence (AI) may pose to financial stability. The…
Introduction In recent days, over a quarter of a million letters have been submitted to the offices of U.S. senators, urging them to oppose banking industry efforts to restrict yield…
Introduction Spanish banking giant BBVA has confirmed plans to issue its own stablecoin by 2026, becoming one of the first major European financial institutions to do so under the European…
Introduction Finance ministers across the euro zone are preparing to discuss new strategies aimed at increasing the issuance of stablecoins backed by the euro. The meeting, which will bring together…
Introduction French banking giant Societe Générale is preparing to issue its first dollar-pegged stablecoin through its crypto subsidiary SG-FORGE, aiming to bridge traditional finance and digital asset infrastructure. The coin,…
Introduction Tether, the issuer of the world’s largest stablecoin USDT, is in discussions with one of the Big Four accounting firms to conduct its first full reserve audit. This would…
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…