The Daily Peg

Regulators realise that stablecoin infrastructure is prone to congestion and Uber surge pricing-style resolution

Mar 11, 2026

Industry news

Wells Fargo Files Trademark for ‘WFUSD,’ Hinting at Potential Stablecoin Launch

Wells Fargo files a trademark application for “WFUSD”. A legitimate but unannounced USPTO filing was made today. This is clearly @WellsFargo about to issue their own Stable Coin.

8:05 PM · Mar 10, 2026 · 35.5K Views

20 Replies · 39 Reposts · 354 Likes

Insurance Broker Aon Tests Stablecoin Payments With Coinbase and Paxos
https://www.coindesk.com/business/2026/03/09/global-insurance-broker-aon-tests-stablecoin-payments-with-coinbase-paxos

SquareFi Emerges From Stealth To Build Stablecoin Payments Network
https://finance.yahoo.com/news/squarefi-exits-stealth-stablecoin-payments-115801576.html?

Regulation

Bank of England Signals Flexibility On Stablecoin Regulation
https://www.thepeg.co/p/bank-of-england-signals-flexibility

U.S. Consumers Support Limits On Stablecoin Yield To Reduce Financial Risk
https://www.theblock.co/post/393082/american-bankers-association-survey-consumers-support-stablecoin-yield-restrictions-financial-risk?

Congress Increasingly Likely To Permanently Ban A Federal Reserve CBDC
https://www.theblock.co/post/393102/td-cowen-congress-likely-permanently-banning-fed-cbdc?

Analysis

BIS’ Hyun Song Shin Argues Stablecoins Are Structurally Predisposed to Fragmentation
https://www.bis.org/publ/work1335.pdf

When many users want to transact at the same time, they bid against each other for limited block space, and fees spike much as taxi fares surge during rush hour. Figure 1 shows how Ethereum gas fees exhibited sharp spikes during periods of network congestion, such as during surges in decentralised Finance (DeFi) activity or spikes in the minting of non-fungible tokens (NFTs).

These spikes are not merely a reflection of excess demand; they are the mechanism through which the blockchain extracts the rents needed to sustain validator coordination.

Hyun Song Shin, BIS

Stablecoin Launches Surge as Western Union Introduces USDPT

The Kobeissi Letter@KobeissiLetter

Stablecoin launches are skyrocketing: Western Union is the latest Fortune 500 company to launch a stablecoin, $USDPT, as volumes have skyrocketed. This follows Fidelity's first stablecoin launch, Fidelity Digital Dollar, $FIDD, for retail and institutional investors. As a

2:25 PM · Mar 10, 2026 · 148K Views

138 Replies · 116 Reposts · 914 Likes

Coin Bureau Commentary On Recent Crypto Market Developments

Coin Bureau@coinbureau

🚨STABLECOIN MARKET HITS $312B Macquarie says the stablecoin market has reached $312B, up about 50% YoY. Crypto trading still dominates usage, but payments and institutional adoption are rising as Visa, Mastercard, and banks integrate stablecoins.

3:45 PM · Mar 10, 2026 · 29.3K Views

59 Replies · 93 Reposts · 401 Likes

Deep Thoughts

Palmer Luckey Says Banks Will Be Forced to Adopt Stablecoins to Stay Competitive

Etherealize@Etherealize_io

Palmer Luckey on stablecoins: “All banks will be forced to adopt this to be competitive” “I had been looking at starting a bank for a while,” Anduril and Oculus co-founder Palmer Luckey says. “Primarily for my own personal user because there weren’t really banks out there that

7:00 PM · Mar 10, 2026 · 24.5K Views

5 Replies · 25 Reposts · 282 Likes

FT’s Toby Nangle Draws on BIS’ Hyun Song Shin to Argue Stablecoins Bear Fragmentation Risks
https://www.ft.com/content/4724ae3f-04a7-4ca3-8221-2244c7644faa?