The Daily Peg
A round-up of stablecoin and CBDC news. Key theme today? Regulatory deadlock.
Industry news
Interactive Brokers Explores Support for USDC, Ripple, and PayPal Stablecoins
https://www.theblock.co/post/385837/interactive-brokers-usdc-ripple-paypal-stablecoins?
State Street Advances Tokenization Strategy as Banks Move Cash and Funds On-Chain
https://www.theblock.co/post/385818/state-street-tokenization-banks-bring-cash-funds-onchain-bloomberg?
Meld Raises $7 Million to Integrate Crypto Lending With Traditional Finance
https://finance.yahoo.com/news/meld-raises-7-million-integrate-150000160.html
Revolut Reports 156% Surge in Stablecoin Payments
https://finance.yahoo.com/news/revolut-stablecoin-payments-jump-156-081100094.html
Spain’s Bankinter Partners With Bit2Me on €30 Million Crypto Initiative in Tether-led Deal
https://finance.yahoo.com/news/spain-bankinter-joins-bit2me-30m-172618793.html
Regulation
Coinbase Says It Cannot Support Crypto Bill in Its Current Form as Senate Committee Delays Vote
https://www.reuters.com/sustainability/boards-policy-regulation/coinbase-cannot-support-crypto-bill-current-form-ceo-armstrong-says-2026-01-15
Crypto Vote Canceled After Pushback From Coinbase and Brian Armstrong, Says Senate’s Tim Scott
https://www.politico.com/live-updates/2026/01/15/congress/crypto-vote-canceled-tim-scott-coinbase-brian-armstrong-00730617
Congress Must Bar Interest Payments on Stablecoins to Protect the Banking System, Critics Argue
https://finance.yahoo.com/news/congress-must-bar-interest-payment-130000342.html
Deep thoughts
Bloomberg’s Matt Levine on the Case for Treating Stablecoins as Narrow Banks
https://www.bloomberg.com/opinion/newsletters/2026-01-15/stablecoin-narrow-banking
Why Europe Is Rediscovering the Virtues of Cash
https://www.economist.com/europe/2026/01/08/why-europe-is-rediscovering-the-virtues-of-cash
Bank of America CEO Warns Interest-Bearing Stablecoins Could Pull $6 Trillion From Bank Deposits
https://decrypt.co/354723/bank-of-america-ceo-interest-bearing-stablecoins-could-take-6t-out-of-bank-deposits
CBDCs
eCurrency to Support Development of a Central Bank Digital Currency in Malawi
https://www.prnewswire.com/news-releases/ecurrency-to-facilitate-the-development-of-cbdc-in-malawi-302661774.html
Central banks
European Central Bank Paper Examines Financial Stability Risks and Design Trade-Offs of Digital Money
https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp3174~d4cc1da5a8.en.pdf
The Peg’s Highlights of the Above:
