Quick Breakdown Beijing orders Ant Group and JD.com to pause Hong Kong stablecoin projects. Regulators reaffirm that only the state can issue currency. Move marks shift from financial innovation to sovereignty control. Two of China’s biggest tech conglomerates...
Quick Breakdown Japan’s biggest banks — MUFG, SMBC, and Mizuho — are teaming up to launch a yen- and dollar-pegged stablecoin. The project, built on MUFG’s Progmat platform, aims to simplify settlements and reduce costs for businesses. It marks...
Quick Breakdown YZi Labs invests $50M in BPN to build a stablecoin-based global payment network. BPN aims to cut cross-border fees by 90% and add 20 new regional stablecoins by 2026. The move strengthens the BNB Chain ecosystem and...
Quick Breakdown Temporary Limits: BoE’s proposed stablecoin caps are short-term measures to support a stable financial transition. Consultation Incoming: Public feedback will shape the final framework, including exemptions and business-specific limits. Systemic Stability First: The central bank aims to...
Quick Breakdown Tether and Circle record a combined $74 billion inflow, signaling renewed strength in crypto liquidity. Stablecoin growth defies market volatility, reinforcing investor confidence in digital assets. Rising demand for stablecoins reflects accelerating de-dollarization and shifting global liquidity...
Quick Breakdown Solana and Wavebridge are jointly developing a KRW-backed stablecoin and institutional tokenization engine. The initiative will train Korean banks and expand Solana’s on-chain financial presence in Asia. It aligns with Korea’s growing stablecoin ecosystem and upcoming FSC...
Quick Breakdown Hong Kong Legislative Council’s latest report highlights growing support for RMB-backed stablecoins. The Stablecoin Ordinance, effective August 1, draws interest from major Chinese state-owned firms. Authorities warn against unlicensed stablecoin projects as licensing framework remains pending....
Quick Breakdown Circle rules out launching an HKD-pegged stablecoin. Focus remains on expanding USDC and EURC utility. Licensed in Singapore; evaluating office setup in Hong Kong. Stablecoin issuer Circle has confirmed it has no immediate plans to launch...
Quick Breakdown Coinbase and Mastercard are in talks to buy BVNK for up to $2.5B. The deal could reshape stablecoin payments and cross-border settlements. Coinbase eyes enterprise payments; Mastercard targets blockchain innovation. A major acquisition battle is brewing in...
Quick Breakdown Fusion Digital Assets to introduce stablecoin trading pairs in H1 2026. The move reflects rising institutional demand for blockchain-based settlements. The platform hit $1B monthly trading volume, signaling rapid institutional adoption. TP ICAP Group’s institutional digital asset...
