Stablecoins

The tokenised dollar has become the sector's settlement instrument, and its regulatory frame is closing in. We track reserves, attestations, redemptions under stress, and the applicable regimes — MiCA, the GENIUS Act and their equivalents. A quoted peg is not proof; a dated attestation is.

8 publications
  1. Generated oblique illustration of a long brushed-aluminium blade balanced on a pale stone, with unequal ivory-paper bundles at its ends and an off-centre coral slider.17 August 2026 · 18:22 · 7 minU.S. Treasury draws GENIUS Act boundaries — the rule is not finalThe U.S. Treasury proposes where a stablecoin is issued and sold. It is a key GENIUS Act rulemaking, with 87 questions still open.
  2. Generated illustration of a deep ivory plaster channel crossed by successive aluminium plates, leading to a sealed, illuminated amber-resin reservoir.15 August 2026 · 08:27 · 7 minWorld Liberty gets conditional approval — its bank cannot open yetThe OCC conditionally clears World Liberty’s future bank to take over USD1. Eleven pre-opening requirements still stand between approval and launch.
  3. Generated close-up of an ivory-plaster monolith cut diagonally to reveal paper layers, a violet-glass blade and two aluminium gauges.14 August 2026 · 18:16 · 7 minTether gets a KPMG audit — but does not publish the reportKPMG confirms an unqualified opinion on Tether’s 2025 accounts. The report remains private, limiting independent review of the details.
  4. Top-down view of a generated still life with two ivory plaster-framed rectangular fields, the larger containing a network of blocks on a cobalt surface.13 August 2026 · 18:17 · 7 minNigeria opens its sandbox to stablecoins — without granting a licenceThe CBN is admitting stablecoins, wallets and payment services to a sandbox with bounded live testing. Admission is not a licence.
  5. Generated still life showing a low ivory-plaster facade covered by an amber-resin membrane, with three small illuminated openings and round aluminium fasteners.13 August 2026 · 08:38 · 7 minHKDAP goes live in Hong Kong — but remains institution-onlyHKDAP is live on Ethereum under a Hong Kong licence. Public access remains closed and the token’s initial on-chain activity is still tiny.
  6. Generated close-up still life showing a cobalt glass strip and a stack of ivory paper joined by a violet resin connector resting on small aluminium supports.12 August 2026 · 13:15 · 7 minBank of England tests stablecoins with a digital pound — without real moneyThe Digital Pound Lab will simulate a payment where stablecoins and a digital pound share one flow. It is an interoperability test, not a public launch.
  7. Overhead view of a generated still life where a ribbed forest-green paper strip is crossed by a cobalt resin ribbon that branches towards small ivory tiles.11 August 2026 · 13:23 · 7 minDigital Garage launches a stablecoin layer for Japanese paymentsDigital Garage is commercialising DG SPS to connect stablecoins with payment networks. What the 1.3 million-location figure does — and does not — mean.
  8. Architectural diorama on an ivory background with an incomplete white circular portal, one coral sphere, translucent violet and blue paths, a network of small metal pillars and a single forest-green relief.10 August 2026 · 08:00 · 7 minArc promises open access while institutions control consensusCircle plans to launch Arc on September 16 with eleven institutions as validators. What the model opens, centralises and still has to prove.