The Bank of England dropped proposed individual and business holding limits for systemic stablecoins, replacing them with a temporary £40 billion issuance guardrail per product.
Main Street Finance’s msUSD fell sharply below $1 after verification provider Accountable terminated its agreement with the protocol, exposing the payment and liquidity risks of verifier-dependent stablecoin designs.
Five US financial regulators have proposed customer identification requirements for permitted payment stablecoin issuers, bringing issuer onboarding closer to bank standards.
Trace Finance has raised a $32 million Series A led by CoinFund to expand its regulated cross-border payments, FX and settlement infrastructure.
StraitsX has added Samsung Pay to its card-issuing stack, completing support for the three major mobile wallets used by its stablecoin-backed card programs.
State Street has introduced a government money market fund for stablecoin reserve managers, with Anchorage Digital and State Street Bank among its initial investors.
Ripple joined Flutterwave’s Series E as the companies outlined plans to add RLUSD settlement and XRP Ledger clearing to African payment flows.
Two UFC fighters received $125,000 each in USD1 as part of their performance awards, putting stablecoin payouts into a high-profile compensation package.