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:
This is such a comprehensive roundup, really appreciate how you've organized all the regulatory chaos happening right now. The Coinbase pushback and Bank of America CEO's warning about $6T in deposits shows how real the threat is to traditional banking models. I've been following the narrow banking debate for a while, and it's intresting how stablecoins are basically forcing policymakers to confront these old questions with new urgency. The deadlock makes total sense when you see how much is at stake for everyone involved.