Stablecoin
Senate postpones crypto market structure bill markup
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The U.S. Senate Banking Committee has postponed a key markup hearing on the Digital Asset Market Clarity Act, originally set for January 15, 2026, following opposition from Coinbase. The delay stems from concerns over provisions affecting stablecoin rewards and regulatory authority. Lawmakers and industry leaders express optimism for continued negotiations.
A consortium of major European banks called Qivalis is holding advanced discussions with crypto exchanges and liquidity providers ahead of launching a euro-pegged stablecoin in the second half of 2026. The initiative aims to create a regulated alternative to U.S. dollar stablecoins for blockchain-based payments within the EU. Backed by bank deposits and sovereign bonds, the token seeks to enhance the bloc's autonomy in digital finance.
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Circle, a company focused on blockchain-based stablecoin payments, has secured new partnerships with Visa and Intuit, along with an entire country. These collaborations aim to expand its ecosystem for digital payments. The developments were reported in a Motley Fool article published on February 26, 2026.
Attackers drained nearly $341,000 in USDC from over 1,000 user accounts at Kontigo, a fintech app focused on Venezuela and Latin America. The company quickly refunded all affected users but has not detailed the attack method. This incident follows the startup's loss of U.S. banking partners amid compliance issues and political instability in Venezuela.
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A new stablecoin called Catholic USD is set to launch in December, aiming to facilitate donations to Catholic organizations and aid the poor through blockchain technology. Businessman Eddie Cullen, leading the initiative, emphasizes prioritizing human suffering in line with Christian teachings. Advocates highlight its potential for efficient international transactions and yield-based charitable giving.
Kyrgyzstan has launched a new stablecoin pegged to its national currency, the som, and legally recognized its central bank digital currency, the digital som, for potential government payments. The moves, supported by cryptocurrency exchange Binance, aim to position the Central Asian nation as a regional crypto leader. Binance co-founder Changpeng Zhao, now an adviser to President Sadyr Japarov, confirmed the developments.