The Daily Peg
A round-up of stablecoin and CBDC news. Key story today? Japan is turning to stablecoins.
Industry News:
OKX Launches Crypto Payments Card in Europe, Expanding Real-World Spending Rails That Compete With Stablecoins
https://www.businesswire.com/news/home/20260128534008/en/OKX-Card-Launches-in-Europe-to-Remove-Friction-from-Everyday-Crypto-Payments-at-Retailers-Worldwide
Tether Mints Roughly $1.5B in New Tokens, Expanding Stablecoin Supply
https://finance.yahoo.com/news/tether-minted-around-15-billion-124310042.html
Fidelity Enters Stablecoin Race With Ethereum-Based FIDD Token
https://www.theverge.com/news/870066/fidelity-stablecoin-fidd-ethereum
Talos Raises Total Funding to $150M With Robinhood and Sony on Cap Table, Boosting Institutional Crypto Infrastructure
https://www.theblock.co/post/387652/talos-robinhood-sony-cap-table-funding-hits-150-million?
Tether Launches U.S.-Regulated ‘USAT’ Product, Expanding Compliance-Focused Stablecoin Footprint
https://finance.yahoo.com/news/tether-launches-us-regulated-usat-161314419.html
NYSE Plans Tokenized Securities Trading Platform, Expanding On-Chain Markets Alongside Stablecoin Settlement Rails
https://www.dlnews.com/articles/markets/nyse-to-launch-tokenised-securities-trading-platform/
Regulation:
House of Lord’s Financial Services Committee Launches a Stablecoin Inquiry
U.S. Senate Releases New Draft Stablecoin Bill, Signaling Renewed Push on Regulation
https://www.theblock.co/post/385303/senate-unveils-new-draft-bill-stablecoin-reward
Statecraft
Japan Weighs Allowing Government Bonds as Backing for Stablecoin Reserves
https://www.theblock.co/post/387171/japan-bonds-stablecoin-reserves-consultation
Trump’s Expanding Crypto Ties Draw Political Scrutiny as Digital Assets, Including Stablecoins, Gain Influence
https://www.politico.com/news/2026/01/29/donald-trump-crypto-currency-00753616
Trump Jr. Promotes USD1 as $5B U.S.-Built Stablecoin Targeting Institutional Adoption
World Liberty Financial’s USD1 Stablecoin Surpasses $5B Market Cap as Trump Meme Coin Momentum Fades
https://decrypt.co/356279/world-liberty-financials-usd1-tops-5b-market-cap-as-trump-meme-coin-stumbles
Tether Quietly Builds $24B Gold Hoard, Reinforcing Backing Narrative Beyond USDT Stablecoin Reserves
Tether CEO Envisions Firm as “Gold Central Bank” in Post-Dollar World, Extending Stablecoin Strategy Into Hard Assets
https://www.zerohedge.com/precious-metals/tether-become-gold-central-bank-post-dollar-world-ceo-ardoino-says
Nothing new under the sun
River Introduces satUSD, a Chain-Abstracted Stablecoin System Linking Liquidity Across Blockchains
Market Analysis
Stablecoin Growth Slows After Market Shock, While Coinbase’s Base Leads Transaction Volume: ARK Invest
https://www.theblock.co/post/387650/stablecoin-growth-stalls-after-october-shock-as-base-leads-transaction-volume-ark-invest?
Perpetuals
CoinFund President Highlights Perpetuals Growth, Signaling Deeper Markets Around Assets Like Stablecoins
https://finance.yahoo.com/news/coinfund-president-says-crypto-perpetuals-235048892.html
Regional
UAE Central Bank–Sanctioned U.S. Dollar Stablecoin Launches for Digital Asset Settlement
https://www.theblock.co/post/387501/uae-central-bank-sanctioned-us-dollar-stablecoin-launches-digital-asset-settlement?
Digital euro
Bundesbank Official Stresses Cash Acceptance Mandate as Digital Euro Advances
https://www.bundesbank.de/en/press/interviews/the-man-for-the-digital-euro-there-will-be-an-obligation-to-accept-cash--988636
Tokenized Treasuries
Circle Overtakes BlackRock in $10B Tokenized Treasury Market, Strengthening Stablecoin Issuer’s Position in On-Chain Yield
https://cryptoslate.com/blackrock-just-lost-control-of-the-10b-tokenized-treasury-market-to-circle-for-one-simple-mechanical-reason/
T+0 Settlement Emerges as ‘Invisible Upgrade’ Powering Tokenized Securities Infrastructure
https://cryptoslate.com/t0-settlement-invisible-upgrade-tokenized-securities/