The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a planned aggregate cap on issuance by each systemic issuer. TL;DR The Bank of England has moved away from proposed individual stablecoin holding limits. The revised framework points to a temporary £40 billion issuance…
Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets. TL;DR Trace Finance raised $32 million in a Series A led by CoinFund. The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.…
Ready Card users outside the European Economic Area have been pushed into an abrupt service halt after a card issuer transition disrupted the USDC spending product, according to user notices shared on X. TL;DR Ready Card’s non-EEA service halt shows how stablecoin products still depend on traditional payment rails. The card is marketed as a…
Europe’s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework. TL;DR Binance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA. The shift has hit Tether’s USDT hardest because…
Japan’s largest banking groups are moving toward a shared yen-backed stablecoin framework, a development that could bring one of the world’s most heavily regulated financial systems deeper into tokenized payments. TL;DR MUFG, SMBC, and Mizuho are reportedly aligned around a joint yen-backed stablecoin initiative. The project is still at the council and design stage, not…
TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market…
The U.S. Government Accountability Office is pressing the FDIC to improve coordination around crypto and stablecoin risks, putting another spotlight on how fragmented digital asset oversight remains in Washington. TL;DR The GAO recommendation tracker points to ongoing concern over digital asset coordination. The issue is not a new enforcement action; GAO recommendations are advisory. The…
The Solana Policy Institute is urging Senate leaders to preserve protections for open-source developers and validators as lawmakers debate the CLARITY Act, adding another crypto industry voice to one of the most important U.S. policy fights of the year. TL;DR The Solana Policy Institute is pushing lawmakers to protect developer and validator activity. The issue…
Author: Scarlett Sieber (with Ian Fong, Tina Loncaric, Dhanum Nursigadoo, Virginia Pereira Alvarez, Kinga Swiderska) Published by: Routledge (an imprint of the Taylor & Francis Group, an Informa business), New York and London, May 2026 “Intersection” or “Inflection Point”? This is the question I kept asking myself as I read this very timely and thoughtful…
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserve, according to Kraken. Canton is built for regulated financial institutions and tokenized real-world asset workflows. Kraken Adds Canton Network Support For USDCx Kraken has enabled deposits and withdrawals of USDCx on the Canton…