Stablecoins
PayPal launches stablecoin PayPal USD in 70 markets including Singapore
This will enable instant cross-border transfers in US dollars
HSBC, Standard Chartered to get stablecoin licenses in Hong Kong
The city has been pushing ahead with ambitions to become a crypto hub through a series of regulatory measures first announced in 2022
Stablecoins could pose major risks to monetary policy, ECB paper warns
European lenders are developing a regulated euro-based instrument
JPMorgan sees crypto boost if market-structure bill passes
The Clarity Act is part of a broader push in Congress to create a comprehensive regulatory framework for digital assets
Malaysia central bank says to test ringgit stablecoins, tokenised deposits in 2026
[KUALA LUMPUR] Malaysia’s central bank on Wednesday announced three initiatives to test real-world applications involving ringgit stablecoins and tokenised deposits in 2026.
China bars unapproved issuance of renminbi stablecoins abroad
Beijing’s move comes at a time of elevated volatility in crypto markets
Tether’s annual profit drops 23% in midst of fundraising
USDT is the largest stablecoin, with over US$185 billion in circulation
Tether is shaking up the gold market with massive metal hoard
The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation
Tether returns to US market with launch of USAT stablecoin
Stablecoins are cryptocurrencies meant to maintain a steady value, typically pegged to the US dollar through reserves of cash or other asset
Stablecoins are US$500 billion risk to bank deposits: report
Bank lobbying groups fear that if crypto firms are allowed to offer rewards, that poses a material deposit flight risk
