Tag: Stablecoin

Sui Foundation Launches USDsui Native Stablecoin to Capture Network Yield Revenue

Key Notes Bridge manages USDsui reserves through major custodians, enabling Sui to earn interest on backing assets held in cash and Treasuries. The launch leverages compliance with the GENIUS Act, allowing nonbank issuance under federal oversight for payment tokens. Native stablecoin deployment represents Sui’s strategy to internalize economic value from its high-frequency financial applications ecosystem. The Sui Foundation announced the launch of USDsui on Nov. 12, introducing a native asset that allows the ecosystem to retain yield from the network’s stablecoin activity. The network processed $412 billion in transfer volume…

$1B Stablecoin Inflow to Binance Signals Buying Spree

Key Notes Over $1 billion in stablecoins have entered Binance in 24 hours. Roughly $466 million in ETH has left the leading crypto exchange. The market is moving similarly to the sudden buying spree on Oct.12. Binance, the largest crypto exchange by trading volume, is showing positive signs for a market-wide surge. The exchange recorded net inflows of $377 million USDT USDT $1.00 24h volatility: 0.0% Market cap: $183.51 B Vol. 24h: $99.33 B and $650 million USDC USDC $1.00 24h volatility: 0.0% Market cap: $75.98 B Vol. 24h: $7.01…

Bank of England Proposes £20,000 Limit in Landmark Stablecoin Framework

The Bank of England proposed rigorous rules for sterling stablecoins, including allowing up to 60% of reserves in short-term UK debt and setting £20,000 limits per individual, aiming to protect consumers while securely expanding digital money adoption. Bank of England Proposes Sweeping Rules to Regulate Sterling Stablecoins The Bank of England moved to strengthen oversight […] Source CryptoX Portal

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

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Brazil’s central bank has finalized rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.  Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.  The framework extends existing rules on consumer protection, transparency and Anti-Money Laundering (AML) to crypto brokers, custodians and intermediaries.  The rules will…

Standard Chartered to Support DeCard Stablecoin Payments in Singapore

Standard Chartered has partnered with DCS Card Centre to act as the principal banking partner for DeCard, a new credit card that lets users spend stablecoins in everyday transactions. The launch starts in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies said on Tuesday DeCard says it aims to make stablecoin spending as easy as using a regular credit card. It connects digital assets with traditional payment rails, allowing users to make purchases at merchants without worrying about volatility or…

Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer

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Key takeaways Tether operates a Treasury- and repo-heavy balance sheet, holding $181.2 billion in reserves against $174.5 billion in liabilities, leaving $6.8 billion in excess. High interest rates have turned those reserves into profit, generating more than $10 billion in interest income so far in 2025, which is uncommon for a typical crypto issuer. It exercises policy-style levers by freezing sanctioned wallets, shifting supported blockchains and allocating up to 15% of profits to Bitcoin. The central bank comparison has limits. Tether has no public mandate or backstop, relies on attestations…

Bank Of England Sets 2026 Timeline For Final Stablecoin Rules

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The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the UK financial stability. Under the proposal, the central bank would require stablecoin issuers to back at least 40% of their liabilities with unremunerated deposits at the BoE, while allowing up to 60% in short-term UK…

Korean Banks Team Up with Tech Firms Over Stablecoin Plans

Key Notes Korea’s top banks are partnering with Naver, Kakao, and Samsung to accelerate stablecoin development. Stablecoin transactions have already surpassed 60 trillion won despite unclear regulations. Financial regulators plan to introduce a stablecoin bill by the end of 2025. Leading South Korean banks and tech companies made it clear that they seek dominance in the stablecoin space. According to reports from The Korea Times, financial holding groups KB, Shinhan, Hana, and Woori are forming alliances with Naver, Kakao, and Samsung Electronics to accelerate stablecoin development and issuance. These collaborations…

Japan FSA backs major banks’ yen stablecoin initiative

The Japan Financial Services Agency (FSA) announced that it has launched an initiative to support the yen-based stablecoin joint venture launched by the country’s major banks. Summary Japan’s Financial Services Agency has launched the Payment Innovation Project to promote blockchain-based payment systems, beginning with a major stablecoin initiative launched by major banks like MUFG, SMBC and Mizuho. Japan’s FSA has been tightening its regulatory oversight of the crypto sector, proposing new rules on crypto lending and insider trading to enhance investor protection and market integrity. According to a recent press…