Britain Plans a Stablecoin Innovation Objective for the Bank of England
HM Treasury will amend the Financial Services and Markets Bill to give the Bank of England a secondary objective covering payments innovation and stablecoins.
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Shinhan Financial Signs With Visa to Test Stablecoin Card Settlement
South Korea's Shinhan Financial signed an agreement with Visa on Wednesday to test stablecoin issuance, redemption and card settlement. No timeline was given.
Revolut Rolls Out EURR to Users in Denmark, Poland and Portugal
Revolut began a phased release of its euro stablecoin to selected customers in three EEA markets. The token is issued by Stripe-owned Bridge under MiCA.
State Bankers Associations Form BankChain, Targeting a 2027 Launch
Bankers associations across dozens of US states announced an industry-owned blockchain for tokenized deposits and stablecoins. No technology partner has been picked.
Comment Letters on the Stablecoin ID Rule Ask Where an Account Ends
The five-agency customer identification proposal for stablecoin issuers closed comments on 21 August. Both letters located press on the same two definitions.
Fasset Reaches a $1B Valuation as SBI Leads a $68M Round
The stablecoin neobank says a $68 million round led by Japan's SBI Group values it at $1 billion. One Monday report gives different numbers.
Stablecoins Fund Most Crypto-Card Spending as July Volume Leaps
Paymentscan data show crypto-card volume multiplied over a year, with dollar stablecoins funding most of it. Two outlets put July's total at $759M and $1.04B.
Treasury Publishes the First GENIUS Act Rule on Who May Issue Stablecoins
Treasury's first GENIUS Act proposal defines who issues a payment stablecoin in the US and who may offer or sell one, with a 60-day comment clock now running.
Tether Passes Its First Full Audit and Keeps the Report Private
KPMG US issued an unqualified opinion on Tether's 2025 accounts, showing a $6.8 billion reserve surplus. The full audited statements were not made public.
Anchorpoint Launches HKDAP, Hong Kong's First Regulated HKD Stablecoin
The Standard Chartered, Animoca Brands and HKT venture began rolling out HKDAP to institutional investors through HashKey and OSL, with retail access targeted for late 2026.
Circle Posts $701M in Quarterly Revenue and Dates Arc for September
Circle's second quarter brought $701M of revenue, $73.3B of USDC outstanding and a Coinbase distribution deal renewed through 2029. Arc's mainnet is dated 16 September.
Wells Fargo, BNY and Western Union Ship Stablecoin Rails on One Day
Wells Fargo, BNY and Western Union each announced digital-asset product on 4 August: a tokenized deposit, a custody staking service and a consumer stablecoin card.