The Daily Peg
A round-up of stablecoin and CBDC news.
Industry news
UAE blockchain project targets Africa via M-Pesa deal
https://www.semafor.com/article/12/24/2025/uae-blockchain-project-eyes-africa-growth-through-m-pesa-deal
Ethena’s USDe shrinks by $8.3B as traders flee risk
https://finance.yahoo.com/news/ethena-usde-shrinks-8-3b-200412780.html
Regulation:
Asia’s crypto rulebook for 2025
https://www.theblock.co/post/383600/asias-crypto-rulebook-2025
How new regulations may impact the future of stablecoins
https://cbpn.currencyresearch.com/blog/2025/12/18/how-new-regulations-may-impact-the-future-of-stablecoins
CBDCs
EU agrees position on digital euro and strengthening cash
https://www.consilium.europa.eu/en/press/press-releases/2025/12/19/single-currency-council-agrees-position-on-the-digital-euro-and-on-strengthening-the-role-of-cash
South Korea coverage on digital currency developments
https://www.decenter.kr/NewsView/2H1TE3W3Y7/GZ01
Russia approves budget spending using digital ruble
https://minfin.gov.ru/ru/press-center?id_4=40136-utverzhden_perechen_byudzhetnykh_raskhodov_s_ispolzovaniem_tsifrovogo_rublya
Overview
From Tether to Trump-backed USD1: the fastest-moving stablecoins of 2025
https://decrypt.co/352767/tether-trump-usd1-7-fastest-moving-stablecoins-2025
Deep thoughts
Stablecoins are one of the FT’s “words of the year”. Write-up by Bryce Elder:
https://www.ft.com/content/a93cef5f-5bc5-4234-9035-e261de1f01f3