Stablecoins

• Revolut among 4 companies chosen to test stablecoins in UK sandbox The UK Financial Conduct Authority selected Monee, ReStabilise, Revolut and VVTX to test stablecoin issuance an

• Stablecoin supply stagnation pressures Bitcoin and broader crypto markets. • Tariff shocks shift capital into precious metals and tokenized commodities. • Analysts warn thin liqu

• Binance stablecoin reserves dropped 18.6% since Nov, falling $10B to $41.4B. • Binance still holds ~64% of all exchange stablecoin reserves, dominating the market. • Crypto liqui

• Measuring Bitcoin payments is tough due to intermediaries, crypto cards, instant conversions. • Surveys show a minority of holders used crypto for purchases, rarely distinguishin

• Treasury may boost T-Bill issuance as stablecoins eye $2 trillion market cap: StanChart The bank said stablecoins may generate up to $1 trillion in fresh Treasury bill demand by

• Standard Chartered said stablecoin growth could generate up to $1 trillion in new T-bill demand by 2028, potentially reshaping issuance.

• BOK pushes for bank‑led consortium to issue won‑pegged stablecoins, citing US GENIUS Act. • Central bank warns private issuers could undermine monetary policy and FX stability. •

• SEC allows broker-dealers to take 2% ‘haircut’ on stablecoins Staff said the US regulator would ’not object’ to broker-dealers counting stablecoin holdings toward their net capit

• SEC quietly updates FAQ, allowing broker‑dealers to count stablecoins as regulatory capital. • Stablecoins now receive only a 2% haircut, up from 100% exclusion. • This change al

• Fed’s Kashkari lashes crypto and stablecoins, praises AI Minneapolis Fed President Neel Kashkari says crypto is ‘utterly useless’ compared to AI, and that pro-stablecoin argument

• Anchorage Digital launches U.S.-compliant stablecoin rails for international banks to streamline cross-border transactions. • Service includes minting, custody, treasury manageme

• Stablecoins gain ground for paychecks and daily spending: BVNK report A global survey of 4,658 crypto users found 39% receive income in stablecoins and 27% use them for payments,

• Institutional crypto adoption is accelerating, driving larger VC checks, bank-led custody, and lending. • Stablecoins are emerging as the internet’s dollar, backed by clearer reg

• Stablecoin market cap rose 0.58% to $307.7B, with USDC up 3.30% and USDT up 7.08%. • Active addresses fell 2.85% while monthly volume surged 62.21%. • Transaction volumes dropped

• Welcome to In The Stables, a weekly briefing on the most important developments shaping the global stablecoin ecosystem. • Each edition delivers clear, data-driven insights into

• Stablecoins are no longer a theoretical innovation. • They are now operating as production-grade financial infrastructure, supporting real-time settlement, cross-border payments,