Stablecoins
Stablecoins could let US firms prioritise some creditors – study
FDIC may be on hook if a bank issues coins before failing, Cleveland Fed researchers say
Stablecoins issuers’ debt wish not enough to meet US needs – study
SF Fed authors say demand for Treasuries will be much smaller than government’s requirements
Firms are rejecting stablecoins – Cleveland Fed study
Local businesses express scepticism about technology, with one saying ‘just pay me in US dollars’
EU central banks want more sovereign bonds in stablecoin reserves
Micar review proposals include severing crypto interdependence with rival banks
Washington is guarding against the wrong dollar threat
Brics nations did not launch a common currency in New Delhi. The payment networks they are building may matter more
BIS economists take aim at crypto industry data
Central banks should consider blockchain stats ‘noisy approximations’ of actual economic activity
US Clarity Act fails again in Senate
Democrats win over Republicans to oppose Trump-backed crypto bill
De-dollarisation no guarantee of EM policy autonomy – study
Sarb paper argues sound domestic fundamentals are more crucial than lowering dollar usage
BoK finds market infrastructure rules affect stablecoin and FX moves
Access to FX and crypto markets bears on won internationalisation efforts
Fed study mulls whether to count tokenised assets as M1 or M2
Emergence of new money causes headaches for monetary aggregates, economists say
Tokenisation could help integrate eurozone markets, says Schnabel
Central bank money must move ‘on-chain’ to safeguard its role
Bailey warns AI could crash global financial system
FSB chief warns of cyber security risks and threats from leveraged investments in technology
Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
MAS proposes changes to Singapore’s stablecoin regulations
Amendments would see multi-jurisdictional and foreign stablecoins recognised
Anchor tokenisation in central bank money, says BIS’s de Cos
General manager uses Jackson Hole speech to champion tokenised deposits and reserves over stablecoins
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project
US agencies propose crypto rules after Clarity Act stalls
SEC plans would exempt firms from some securities laws
Strong recovery in US treasury purchases is ‘unlikely’ – paper
Central banks’ demand for US government bonds has ‘plateaued’ as reserve managers diversify
Central Bank of Brazil delays crypto transfers to fight fraud
Latin America’s largest economy targets stablecoins after Trump’s tariffs against Pix
IMF’s Katz urges central banks not to wait for ‘perfect’ stablecoin regs
Deputy head stresses data collection should start now as AI may accelerate adoption
Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary