Stablecoins

The Bank of England has replaced proposed limits on individual and corporate stablecoin holdings with a temporary £40 billion issuance guardrail per coin. The move also allows issuers to hold more reserves in government debt while preparing for a 2027 launch of regulated stablecoins.

June 21, 2026 Reported by AI

Nigeria, South Africa and Kenya have introduced licensing regimes for digital assets after years of restrictions. The changes follow rapid growth in stablecoin use for remittances and payments across the continent. Between July 2024 and June 2025, Sub-Saharan Africa processed more than $205 billion in on-chain value.

Crypto exchange HTX will remove the USD1 stablecoin from its platform and convert customer balances into USDT. The action follows a freeze of exchange wallets by World Liberty Financial. The move stems from compliance with UK sanctions targeting Russian financial networks.

June 08, 2026 Reported by AI

The House Ways and Means Committee is set to examine digital asset tax rules during a legislative hearing today. The session focuses on payments, network fees, mining, staking, and related relief proposals. Witnesses from industry and policy groups are expected to testify.

Mastercard has obtained a BitLicense from New York regulators to expand its digital asset activities. The approval covers stablecoins and tokenized payment infrastructure.

May 26, 2026 Reported by AI

European stablecoin issuer StablR has frozen operations for its USDR and EURR tokens following a cyberattack that left the assets under-collateralized.