The Daily Peg
A round-up of stablecoin and CBDC news.
Industry news:
Tether Gold Introduces “Scudo,” a New On-Chain Unit for Measuring Gold Value
Analysis
Report Examines Real-World Stablecoin Use Cases and Policy Implications in Southeast Asia
https://www.iseas.edu.sg/articles-commentaries/trends-in-southeast-asia/navigating-the-hype-an-evaluation-of-stablecoin-use-cases-for-policy-development-in-southeast-asia
Fintech Expert Patrick McConnell Provides the Highlights of the Above Report
https://www.linkedin.com/posts/pjmcconnell_navigating-the-hype-an-evaluation-of-stablecoin-activity-7414159738524884993-D1CO?rcm=ACoAAAE5GgYBwG4i-0335jsQ7wmmx40pdF2RP5A
McConnell Also Argues Stablecoins Have No Real Business Value
https://www.linkedin.com/posts/pjmcconnell_bitcoin-cbdc-pboc-activity-7414179980915642368-qw-2?rcm=ACoAAAE5GgYBwG4i-0335jsQ7wmmx40pdF2RP5A
Central Banks:
Federal Reserve Paper Warns of Hidden Vulnerabilities in New Money-Like Financial Products
https://www.federalreserve.gov/econres/feds/a-framework-for-understanding-the-vulnerabilities-of-new-money-like-products.htm
Regulation:
U.S. Community Banks Raise Alarm Over Yield-Bearing Stablecoin Loophole in GENIUS Act
https://www.theblock.co/post/384495/community-banks-sound-alarm-on-yield-bearing-stablecoin-loophole-in-genius
ICYMI Last Year: Federal Reserve Pressed to Build a 24/7 Cash Movement System for Banks and The Role Perps Could Play
https://www.marketwatch.com/story/the-fed-needs-a-24-7-system-for-banks-to-move-cash-this-could-be-the-answer-2fbb1717
Deep Thoughts:
World Economic Forum Says Stablecoins Should Be a Bridge, Not a Threat, as Interoperability Will Shape Future Global Finance
https://www.weforum.org/stories/2026/01/stablecoins-bridge-not-a-threat-why-interoperability-will-define-future-global-finance/ World Economic Forum
FT Oped by BNP Paribas Group Chief Economist Says Europe ‘Urgently Needs’ a Digital Euro to Improve Tokenised Wholesale Payments
https://www.ft.com/content/d007aeb0-072c-4f94-9c2a-e47c3934a23f