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- NEWS
Raffles Family Office builds wealth services for Asia's stablecoin fortunes
Raffles Family Office, headquartered in Singapore and Hong Kong, is expanding its digital assets arm Revo, which won Hong Kong Securities and Futures Commission licences in February, to serve younger Asian billionaires holding wealth in stablecoins.
NEWSStablecoin issuers emerge as growing buyers of US Treasury debt
San Francisco Fed research puts stablecoin issuers' Treasury holdings near $200 billion, with Tether alone at $141 billion, offsetting foreign selling of US debt.
NEWSHSBC launches Hong Kong dollar stablecoin on PayMe app
HSBC has rolled out RedCoin, its first stablecoin, to PayMe users in Hong Kong, letting them send money and pay merchants, following its April licence from the HKMA.
NEWSBinance launches Qafila 2026 with $1m USDC pool across MENA and Pakistan
Binance has launched a regional rewards campaign across MENA and Pakistan, citing data that users aged 18-29 make up 54 per cent of its Pakistani user base.
POLICY & REGULATIONOCC drops affiliate rewards presumption but keeps stablecoin yield ban
The OCC's final GENIUS Act rule removes a proposed presumption against stablecoin rewards paid through affiliates, while retaining the ban on issuers paying yield for holding a stablecoin.
- NEWS
Utexo opens early access to platform for USDT on Bitcoin ahead of 28 November launch
Utexo has opened Utexo Mint, a sandbox for exchanges, wallets and market makers to test minting and redeeming USDT on Bitcoin via RGB, with a public launch set for 28 November.
NEWSSquare Tech and GOAT Network sign MOU on AI agent stablecoin payments
Square Tech will explore AI agent-powered stablecoin payments for foreign tourists with GOAT Network and DAC Labs, subject to Korean legal and regulatory review.
NEWSVisa survey finds low stablecoin awareness and trust among Filipinos
Only four in 10 Filipinos have heard of stablecoins and just 9% strongly trust them for remittances, a Visa survey found, though 40% want more education on digital money.
- POLICY & REGULATION
OCC sets waiver route for existing stablecoin issuers before 2027 deadline
The OCC says existing US payment stablecoin issuers must file substantially complete applications and request a waiver in writing before the GENIUS Act takes effect on Jan. 18, 2027.
NEWSBIS paper links higher deposit rates to slower stablecoin growth
A Bank for International Settlements working paper finds that small rises in bank deposit rates predict slower growth in stablecoin market capitalisation, with a stronger effect for USDC than USDT.
NEWSKazakhstan central bank signs Tether deal to study tenge stablecoin
The National Bank of Kazakhstan, Tether and the Alatau City Authority will study a tenge-pegged stablecoin and asset tokenisation, with no decision yet to issue one.
MARKETSRickards calls stablecoins 'dangerous' for bond market, sees $10,000 gold
In an interview published by Bitcoin Magazine, Jim Rickards argues stablecoins are a danger to the bond market and makes the case for gold at $10,000 by mid-2027, while staying sceptical on bitcoin.
MARKETSFed rate increase affects stablecoin issuers and Bitcoin borrowers differently
The Fed's quarter of a percentage point increase reaches crypto businesses through different contracts. Stablecoin issuers may earn more on short-term reserves, while some Bitcoin borrowers face higher interest bills.
POLICY & REGULATIONDaines releases draft crypto tax bill covering stablecoins and staking
Republican senator Steve Daines has released the text of the ADAPT Act, which would set tax rules for stablecoins, network fees, staking and lending and extend wash sale rules to digital assets.
POLICY & REGULATIONFed stablecoin plan would make circulation a direct capital cost
A Federal Reserve proposal would tie a supervised stablecoin issuer's baseline capital charge to coins outstanding, while the OCC's pending rule takes a tailored approach.
POLICY & REGULATIONFed stablecoin proposal sets 48-hour liquidation clock
Federal Reserve proposal would give supervised stablecoin issuers 24 hours to report a reserve shortfall and require liquidation by 5pm the next business day unless the Fed directs otherwise.
NEWSCoinbase adds fixed-rate bitcoin-backed USDC loans
The Nasdaq-listed exchange now lets users lock in an interest rate and repayment date when borrowing USDC against bitcoin, settled onchain through the Morpho Midnight protocol.
POLICY & REGULATIONEU Tightens Stablecoin Compliance Checks Ahead of Full Enforcement
Reserve attestation moves from quarterly to monthly, and issuers must disclose custodial concentration.
- NEWS
Circle shareholder sues Trump over UAE crypto deals and $82m in revenue
A former Circle employee claims a $2bn MGX investment settled in Trump-linked USD1 diverted business from USDC, worth $70m-$82m a year in reserve income.
NEWSDeutsche Bank plans Asia crypto custody rollout in 2027 as German launch nears
Deutsche Bank intends to extend its crypto custody service to Asia in 2027, after launching in Germany within weeks, and plans stablecoin conversion and tokenised deposit offerings.
