European Central Bank (ECB) President Christine Lagarde has referred to as on policymakers to speed up laws concentrating on the dangers posed by stablecoins. Speaking on the European Systemic Risk Board (ESRB) convention on Sept. 3, Lagarde warned that whereas stablecoins seem progressive, they reintroduce long-recognized monetary vulnerabilities in new kinds. According to her: “The…
Jean Tirole, a Nobel Prize-winning economist, has warned that weak oversight of stablecoins may someday go away governments footing multibillion-dollar bailouts if the tokens unravel throughout a monetary disaster. In an interview with the Financial Times, Tirole stated he was “very, very apprehensive” about how stablecoins are supervised. He cautioned {that a} lack of confidence…
Stablecoin provide has grown to round $280 billion after the US enacted the GENIUS Act in July. These two tracks, coverage and distribution, body the query in entrance of the market: Can provide proceed to develop from $280 billion to $500 billion by late 2026? Treasury has now opened a public remark window to develop…
Tether confirmed on Aug. 28 that its flagship USDT stablecoin will be issued directly on Bitcoin via the RGB protocol. This marks the first time a major stablecoin is being deployed natively on the Bitcoin network rather than through sidechains or wrapped assets. Speaking on this move, Tether CEO Paolo Ardoino said: “Bitcoin deserves a…
Ethena Labs has expanded the checklist of eligible belongings to assist its artificial greenback, USDe, by approving BNB, XRP, and Hyperliquid’s HYPE. The transfer is a part of a brand new Eligible Asset Framework that units clear benchmarks for which tokens can be utilized within the stablecoin’s collateral system. Liquidity considerations In response to the…
Crypto agency Ripple has revealed plans to broaden its RLUSD stablecoin into Japan by 2026. On Aug. 22, the stablecoin issuer introduced that it had signed a memorandum of understanding with SBI VC Commerce, a Japanese monetary powerhouse SBI Holdings subsidiary. In accordance with the assertion, SBI would distribute RLUSD in Japan and work with…
China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and stablecoin usage later this month, per Reuters. The plan would assign regulatory responsibilities, outline risk controls, and task the People’s Bank of China with implementation, and pilot activity is expected in Hong Kong…
USDC stablecoin issuer Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain, according to an Aug. 12 statement. According to the firm: “Arc aims to establish itself as foundational infrastructure for regulated money movement, supporting a globally distributed financial system.” Circle said Arc will integrate fully with its existing platform while…
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue…
ALT5 Sigma Corporation, a Nasdaq-listed fintech that operates crypto trading and payment platforms, plans to raise about $1.5 billion through a stock offering and a WLFI token-funded private placement. The move would place a large portion of World Liberty Financial’s WLFI tokens on ALT5’s balance sheet and bring several of the stablecoin issuer’s executives, including…