Stablecoins News

50,000 Europeans Ask EU to Allow Stablecoin Rewards Under MiCA

Over 50,000 European citizens, mobilized by crypto advocacy group Stand With Crypto EU, have urged the European Commission to permit stablecoin rewards and perks under the ongoing review of the Markets in Crypto-Assets (MiCA) regulation. This campaign, timed with the closure of the Commission's public consultation, seeks to allow regulated stablecoins to offer benefits like cashback, loyalty programs, and lower fees, arguing that regulated stablecoins should not offer fewer advantages than traditional e-money products. A separate petition garnered over 126,600 signatures, advocating for lifting MiCA's ban on passing through yield from safe, interest-bearing assets. This initiative directly challenges the stance of EU central banks, including the European Central Bank, which have recommended maintaining and even extending the current ban on stablecoin interest and indirect perks, citing that electronic money is for payments, not savings. The outcome of this regulatory debate is crucial for the competitiveness of the EU's stablecoin market, with partners of Stand With Crypto EU like 50 Partners warning that restrictive rules could drive talent and innovation to regions like the US or Asia, where different regulatory approaches exist.

Blockonomi·Oct 2, 20267.5

Circle Urges EU to Rework MiCA Stablecoin Reserve Requirements

Circle has submitted a formal response to the European Commission regarding the review of the Markets in Crypto-Assets Regulation (MiCA), advocating for significant structural adjustments to stablecoin reserve requirements. As a major issuer of USDC and EURC, Circle argues that current mandates, such as the 30% to 60% commercial bank deposit requirement, unnecessarily increase credit and counterparty risks. The company specifically calls for the removal of concentration caps, including the 35% limit on single-sovereign exposure and the 1.5% cap on bank assets per counterparty, which it claims hinder the ability to hold high-quality liquid assets. Furthermore, Circle emphasizes the importance of preserving 'multi-issuance' structures to maintain global liquidity while proposing a new equivalence regime for foreign-regulated stablecoins. These recommendations aim to align EU regulations with international standards while preventing the migration of users to offshore, unregulated platforms. The submission highlights that only three of the top 25 global stablecoins currently comply with MiCA, underscoring the need for a more flexible regulatory environment. This feedback is critical as the European Commission evaluates the framework's impact on the competitiveness of EU-issued e-money tokens on the global stage.

cryptotimes.io·Oct 1, 20267.5

Treasury publishes state stablecoin certification procedures under the GENIUS Act

The U.S. Treasury has released interim procedural rules detailing the application and review process for state-level stablecoin certification under the GENIUS Act. This framework establishes how state regulators must demonstrate that their oversight regimes are substantially similar to federal standards. The Stablecoin Certification Review Committee, consisting of the Treasury Secretary, the Federal Reserve Chair, and the FDIC Chairman, oversees this process. While these procedural rules became effective on September 30, the actual certification process remains on hold pending final paperwork approvals. A critical point of contention remains the broader criteria for substantial similarity, which was proposed in April but has faced significant pushback from state regulators. With the GENIUS Act requiring states to submit initial certifications by January 18, 2028, there is growing industry concern regarding the tight timeline for compliance. This development is vital for the RWA market as it clarifies the regulatory path for stablecoins, which serve as the primary liquidity layer for tokenized assets. Establishing a clear federal-state alignment is essential for the institutional adoption of stablecoins as a reliable medium of exchange for on-chain financial instruments.

ledgerinsights.com·Oct 1, 20267.5

Open USD live, but not in the MiCA register

Open USD (OUSD) launched on September 30, 2026, as a U.S. dollar-pegged stablecoin issued by Bridge, a subsidiary of Stripe. The project is backed by a consortium of major financial and technology firms, including Coinbase, Mastercard, Shopify, Stripe, and Visa, which have collectively pledged over $1 billion in liquidity. While the issuer, Bridge Building S.A., holds an electronic money institution (EMI) authorization in Luxembourg, the OUSD token itself has not been notified in the MiCA register as of October 1, 2026. This regulatory status is critical because, under the European Union's Markets in Crypto-Assets (MiCA) regulation, an e-money token must have a published and notified white paper to be offered publicly or traded within the EU. Although the issuer has notified a euro-denominated token, the absence of a white paper for OUSD means that EU-regulated exchanges cannot legally offer the asset to European users. This distinction highlights the complexity of MiCA, where authorization applies to the company, but compliance requirements are strictly token-specific. The situation serves as a reminder that institutional backing and corporate licensing do not automatically grant regulatory clearance for individual crypto-assets in the European market.

cryptoticker.io·Oct 1, 20267.5

Lloyds and Visa Complete $750,000 USDC Settlement Pilot on Canton Network

Lloyds and Visa successfully completed a seven-day live pilot program to settle $750,000 in payment obligations using the USDC stablecoin. By operating a node on the Canton Network and sourcing assets through the UK-regulated exchange Archax, Lloyds demonstrated a workflow that bypasses traditional banking rails. The trial achieved settlement in under an hour, significantly outperforming the standard cross-border settlement time of one or more days. Notably, the pilot maintained this speed even when transactions were executed outside of conventional banking hours. This test highlights the growing institutional interest in utilizing stablecoins to bridge disparate blockchain environments for cross-border payments. By integrating public blockchains with institutional infrastructure, the participants showcased a viable path for modernizing legacy financial settlement processes. While the pilot was limited in scope, it serves as a concrete example of how major financial entities are testing blockchain-based alternatives to improve liquidity and operational efficiency.

hokanews.com·Sep 30, 20267.5

Most Tokenized Cash Never Trades, Dune Finds

thedefiant.io·Sep 30, 20267.5

AllUnity Launches MiCA-Regulated USDAU Stablecoin

AllUnity officially launched its USDAU stablecoin on September 30, marking the company's first U.S. dollar-pegged asset issued under the European Union's Markets in Crypto-Assets (MiCA) regulatory framework. The token is backed by segregated dollar reserves and is currently available across six blockchain networks, including Ethereum, Solana, Base, Tempo, Arc, and Polygon. This expansion follows the company's previous releases of EURAU, CHFAU, and SEKAU, which are pegged to the euro, Swiss franc, and Swedish krona, respectively. By integrating dollar liquidity into a strictly regulated European environment, AllUnity aims to facilitate more efficient cross-border payments and on-chain settlement for global enterprises. The launch signifies a strategic shift for the firm as it moves beyond European currencies to capture broader international trade demand. Future growth for the asset will depend on continued network integrations and the adoption rate among institutional users seeking compliant fiat-backed stablecoins. This development highlights the growing trend of aligning stablecoin issuance with regional regulatory standards to foster institutional trust and long-term market stability.

crypto-economy.com·Sep 30, 20267.5

What is USDAU? AllUnity launches MiCA compliant dollar stablecoin

Frankfurt-based AllUnity has launched USDAU, a US dollar-backed stablecoin, marking a significant expansion of its regulated multi-currency digital money network. Issued under the European Union’s Markets in Crypto Assets (MiCA) regulation, the token is fully backed by dollar reserves and redeemable 1:1. The stablecoin is live on six blockchain networks, including Ethereum, Solana, and Polygon, with plans to add more later this year. Alongside the launch, AllUnity introduced an Instant FX feature within its Business Mint Account, enabling institutional clients to convert between its euro, Swiss franc, Swedish krona, and dollar tokens. This development is critical for the RWA market as it demonstrates the integration of traditional foreign exchange mechanics with 24/7 stablecoin settlement rails. By leveraging a BaFin-licensed electronic money institution, AllUnity aims to simplify cross-border payments and treasury operations for businesses. The initiative is supported by institutional partners including Banking Circle, Flowdesk, Archax, and BitGo, highlighting the growing institutional demand for compliant, multi-currency stablecoin infrastructure.

crypto.news·Sep 30, 20267.5

Tokenised Deposits vs Stablecoins: Why Thailand's Cautious Path Differs from Hong Kong and Singapore - thailand-business

Asia-Pacific financial institutions are pursuing divergent paths in developing programmable digital money, with Hong Kong and Singapore rapidly advancing tokenized deposits while Thailand adopts a more cautious, sequenced approach towards a baht-pegged stablecoin. Hong Kong's Monetary Authority initiated a tokenized deposit pilot in November 2025, moving to real-value settlement with seven banks, including HSBC and Standard Chartered, and participants like BlackRock and Franklin Templeton, focusing on money market fund transactions through 2026. Standard Chartered and HSBC have already commercialized tokenized deposit solutions with Ant International's Whale platform, facilitating multi-currency treasury flows (HKD, CNH, USD, SGD) and extending services to the US and UAE by H1 2026. This preference for tokenized deposits over stablecoins is driven by regulatory clarity, as frameworks like EU MiCAR and the US GENIUS Act treat tokenized deposits as regulated bank liabilities, sidestepping licensing burdens and offering deposit insurance absent in stablecoins. Meanwhile, Thailand's Bank of Thailand is finalizing a design study for a fully-reserved, baht-backed stablecoin, targeting public hearings by late 2026 and formal regulations by early 2027, initially for wholesale interbank settlement. This strategic divergence highlights a competitive landscape where regulatory philosophy dictates institutional capital and infrastructure investment, with banks increasingly embracing tokenized services to counter potential erosion of transaction fees by corporate stablecoins. IBM's 2026 banking survey found 42% of executives expect major corporations to issue their own stablecoins, prompting 63% of corporate banking executives to see providing tokenized services as their primary role. The contrasting approaches will determine regional leadership in digital asset innovation.

thailand-business-news.com·Sep 25, 20268.0

U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins

The U.S. Federal Reserve has introduced two proposed rules to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, marking a significant step toward formalizing stablecoin oversight. These proposals establish strict capital and reserve requirements to ensure stablecoins remain redeemable at par during periods of market stress. Furthermore, the rules outline specific procedures for Fed-regulated banks to issue their own stablecoins, requiring detailed business plans and financial documentation. A critical component of the proposal aligns with the Office of the Comptroller of the Currency by prohibiting issuers from paying interest or yield on stablecoin holdings, with only narrow exceptions for incentive programs. While the agencies are currently past the original July 2026 legal deadline, these proposals initiate a 60-day public comment period to refine the regulatory framework. This development is vital for the RWA market as it provides the legal clarity necessary for stablecoins to function as reliable, regulated settlement assets within the traditional banking system. By standardizing reserve requirements and issuer conduct, the Fed aims to integrate stablecoins into the broader financial infrastructure while mitigating systemic risks.

CoinDesk·Sep 24, 20268.5

Luno, Halogen and Kenanga explore ringgit stablecoin for tokenized fund settlement

Luno Malaysia, Halogen Capital, and Kenanga Investors have announced a collaborative initiative to explore the use of a ringgit-pegged stablecoin, UMYR, for the settlement of tokenized money-market funds. This project utilizes a closed-loop, B2B framework restricted to whitelisted institutional participants, explicitly excluding retail involvement. The UMYR token is designed to be fully reserved one-for-one with Malaysian ringgit held in segregated accounts at regulated banking partners. Luno will manage the minting, burning, and reserve reconciliation processes, while Halogen Capital and Kenanga Investors will utilize the token for fund subscriptions and redemptions. By moving the cash leg of transactions on-chain, the partners aim to achieve real-time Delivery-versus-Payment settlement, bypassing the delays inherent in traditional banking cut-off times and reconciliation windows. All participating entities operate under the oversight of Malaysia’s Securities Commission, ensuring the experiment adheres to existing Capital Markets Services Licences and regulatory standards. This initiative represents a significant step in integrating digital asset infrastructure with conventional institutional fund management in the Malaysian market.

technode.global·Sep 24, 20267.5

Hong Kong Regulators Advance Stablecoin and Tokenized Gold Plans

The provided text contains fragmented reports regarding various digital asset developments, including institutional custody and stablecoin trading infrastructure. Anchorage Digital has integrated the Frgmnt protocol to facilitate the custody, minting, and staking of fUSD and sfUSD for institutional clients. Simultaneously, Uniswap Labs reported processing $43.4 billion in stablecoin swaps during the second quarter of 2026, supported by the launch of the StablePair Hook on Ethereum. The protocol HyENA reached a cumulative volume of $4 billion, while Antalpha’s facilitated loan book experienced a decline in total value locked to $1.353 billion. Legislative discussions regarding the CLARITY Act remain ongoing, with concerns raised about the potential impact of rushing stablecoin-related regulatory frameworks. These developments highlight the ongoing institutionalization of stablecoin infrastructure and the evolving landscape of digital asset lending. The integration of specialized hooks and custody solutions underscores a broader trend toward enhancing capital efficiency and operational security within decentralized finance markets.

crypto-economy.com·Sep 23, 20266.5

Tether Rejected This MiCA Rule. Now the ECB Wants It Gone

The European System of Central Banks (ESCB) has formally requested that the European Commission amend the Markets in Crypto-Assets (MiCA) regulation to remove the mandatory 60% bank-deposit reserve requirement for significant stablecoin issuers. Central banks argue that stablecoin reserves are inherently volatile and could trigger liquidity crises for commercial lenders if large-scale redemptions occur. This regulatory hurdle previously led Tether to decline pursuing an EU stablecoin license, as CEO Paolo Ardoino contended that holding reserves in commercial banks introduces unnecessary counterparty risk. The ESCB now proposes that issuers instead hold reserves in highly liquid assets maturing within one to five working days. This development highlights a fundamental tension between protecting the banking system from crypto-asset volatility and ensuring stablecoin issuers can maintain safe, liquid backing. As the consultation period concludes on September 30, the outcome will determine whether major issuers like Tether reconsider their European market strategy. The current rules remain in effect until formal legislative amendments are passed by EU lawmakers.

beincrypto.com·Sep 22, 20267.5

USDT on TRON Becomes Most Used Onchain Payment Option on CoinsBee as Stablecoin Spending Grows

CoinsBee payment data reveals that USDT on the TRON network has emerged as the leading onchain payment option, surpassing both Bitcoin and Ethereum in transaction volume. Between June 4 and September 1, 2026, USDT on TRON recorded 1.8 times more payments than Bitcoin and 1.9 times more than Ethereum on the platform. The stablecoin's share of total payments on CoinsBee rose to 16.23% in 2026, marking a 64% increase compared to 2025 figures. Data indicates that TRON-based USDT accounts for 64.5% of total USDT turnover on the platform, suggesting higher average purchase values compared to other networks. This shift highlights the growing utility of stablecoins for everyday retail spending, including purchases at major brands like Amazon, Apple, and Walmart. To capitalize on this momentum, CoinsBee and TRON DAO have launched a promotional campaign offering discounts for users paying with USDT on TRON. This trend underscores the transition of stablecoins from speculative trading assets to practical instruments for global commerce and retail settlement.

BeInCrypto·Sep 21, 20265.5

SBI Digital and Kyobo Life Complete Japan-Korea Yen Stablecoin Test on Canton Network

SBI Digital Practice and South Korea’s Kyobo Life have successfully completed a cross-border transaction test using tokens that simulate a yen-denominated stablecoin. The experiment was conducted on the Canton Network, a blockchain infrastructure specifically designed for institutional financial applications. By testing these digital tokens, the two firms aimed to evaluate the technical mechanics of cross-border settlement between Japan and South Korea without relying on traditional intermediary-heavy processes. While the trial demonstrates a significant step in exploring blockchain-based settlement for major Asian economies, it remains a simulation rather than a live commercial deployment. No specific transaction values or settlement details were disclosed, and the companies have not committed to a public issuance of a yen stablecoin. This experiment highlights the growing institutional interest in tokenized fiat currencies to streamline international financial interactions. Ultimately, the test serves as a controlled environment for assessing how different jurisdictional and currency systems can integrate through shared digital infrastructure.

hokanews.com·Sep 20, 20266.5

MiCA-Compliant Stablecoins: Complete Guide for EU Users in 2026

The European Union's Markets in Crypto-Assets (MiCA) regulation has established a comprehensive framework for stablecoins, categorizing them as either e-money tokens (EMTs) or asset-referenced tokens (ARTs). Since June 30, 2024, issuers of these tokens have been required to adhere to strict authorization, reserve, and disclosure standards to operate within the EEA. While MiCA provides a legal pathway for compliance, the regulation does not mandate that all crypto-asset service providers list every compliant token. Consequently, major platforms like Binance have restricted trading pairs for non-compliant assets such as USDT, despite individual ownership remaining legal. Companies like Circle Internet Financial Europe and Société Générale-FORGE have secured electronic money institution licences to issue compliant tokens like USDC and EURC. The distinction between regulatory authorization and platform-specific availability is critical for users navigating the evolving EU landscape. This framework significantly impacts the RWA market by standardizing issuer duties and consumer protections for tokenized fiat and asset-backed instruments. Ultimately, MiCA forces a separation between the legal status of an issuer and the practical liquidity provided by centralized exchanges.

stealthex.io·Sep 17, 20267.5

Bernstein says Clarity Act failure allows stablecoin rewards on idle balances to continue, expects ‘swift’ SEC and CFTC rulemaking

The failure of the Clarity Act to advance through the U.S. Senate has shifted the regulatory focus toward direct rulemaking by the SEC and CFTC. Bernstein analysts suggest that this legislative impasse allows stablecoin issuers to continue offering yield-bearing products on idle balances without immediate statutory constraints. This development is significant for the RWA market as it maintains the current operational status for tokenized cash equivalents and yield-generating stablecoins. By bypassing a comprehensive legislative framework, the industry now faces a period of agency-led oversight that could shape the future of digital asset compliance. The lack of federal law creates a fragmented environment where regulatory enforcement actions will likely dictate market participation. For RWA protocols, this means continued reliance on existing SEC and CFTC interpretations rather than a unified federal standard. Consequently, the market must navigate potential enforcement risks while capitalizing on the current ability to provide interest-bearing stablecoin solutions.

The Block·Sep 16, 20267.5

Ondo Finance Invests $25M in Figure Stablecoin

Ondo Finance has allocated $25 million into YLDS, a yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the backing of its tokenized U.S. Treasury fund. This move marks a strategic shift for Ondo, moving beyond traditional asset manager products to incorporate on-chain stablecoin assets. Figure, which operates on the Provenance blockchain, has originated over $19 billion in loans, including home-equity and mortgage products. This integration highlights the growing trend of institutional-grade protocols utilizing on-chain assets to enhance liquidity and yield generation. Simultaneously, Ondo has expanded its reach by launching tokenized stocks on the BNB Chain and securing regulatory approval from the Liechtenstein Financial Market Authority. These developments underscore the increasing convergence between traditional financial infrastructure and decentralized finance. The broader market is seeing a surge in crypto-collateralized lending, with major players like Tether, Ledn, and Coinbase also expanding their respective loan offerings.

coinmarketcap.com·Sep 15, 20267.5