Stablecoin
UK’s FCA Unveils Proposals for Stablecoin Issuance and Crypto Custody Rules
Key Insights The UK’s FCA has proposed new rules to regulate stablecoin issuance, crypto custody services, and financial resilience of cryptoasset firms.…
Ledger Integrates DeFi Stablecoin Yields Into Self-Custody Wallets via Kiln Partnership
Key Insights Ledger has partnered with DeFi platform Kiln to enable users to earn 5% to 9.9% yields on stablecoins directly through…
Hong Kong to Require Licenses for Stablecoin Issuers Following Public Consultation
Key Insights Hong Kong regulators conclude public consultation on licensing regime for fiat-referenced stablecoin issuers, with majority support for new regulations. Proposed…
Hong Kong to Unveil Stablecoin Regulation Results, Draft Legislative Bill
Key Insights Hong Kong’s financial authorities to release results of stablecoin consultation and draft legislative proposal for industry oversight. Proposed regulations include…
Nigeria’s Central Bank Approves cNGN Stablecoin Trial
Key Insights Nigeria central bank approves local stablecoin pilot for naira-pegged token Approves Africa Stablecoin Consortium to test cNGN from Feb 27…
Leading Nigerian Banks Team Up For New cNGN Stablecoin
Key Insights Leading Nigerian banks collaborate to launch naira stablecoin cNGN Maintains peg via fiat currency reserves held in bank custodial accounts…
Ex SoftBank Exec Launches Dirham-Backed Stablecoin to Combat Hyperinflation
Key Insights An MIT alumnus and SoftBank executive has launched a dirham-backed stablecoin called DRAM to provide relief to nations with high…