The Daily Peg
GBP-denominated stablecoins enter their sandbox phase.
Industry news
Revolut Launches Pound-Backed Stablecoin Trial In UK Regulatory Sandbox
https://cryptoslate.com/revolut-pound-stablecoin-uk-sandbox-trial/
Revolut is testing a GBP-denominated stablecoin within the UK’s regulatory sandbox as part of efforts to explore compliant digital payments infrastructure.
Sonic Labs Partners With Frax To Launch Native Network Stablecoin
https://www.theblock.co/post/392860/sonic-labs-taps-frax-infrastructure-native-network-stablecoin
Coinbase And Paxos Enable USDC And PYUSD Payments For Aon Insurance Premiums
https://www.theblock.co/post/392893/coinbase-paxos-usdc-pyusd-stablecoins-pay-aon-insurance-premiums?
Regulation
Bank of England and Chainalysis to Give Evidence to Lords Stablecoin Inquiry on Wednesday
Watch Live on Parliament TV here from 10 a.m. GMT
Analysis
Bernstein Predicts 70% Upside For Circle As Stablecoins Expand Into Payments And AI
https://www.theblock.co/post/392962/bernstein-sees-70-upside-for-circle-as-stablecoin-adoption-expands-across-payments-and-ai?
Deep thoughts
Are US Stablecoins Quietly Becoming CBDCs In Disguise?
https://cryptoslate.com/are-us-stablecoins-just-cbdcs-in-disguise-look-closely-and-the-differences-start-to-blur/
The article argues that regulatory structures and banking integrations are increasingly blurring the functional differences between U.S. stablecoins and central bank digital currencies.
AI Agents Prefer Bitcoin Over Fiat, New Study Finds
https://www.zerohedge.com/markets/ai-agents-prefer-bitcoin-over-fiat-new-study
A study suggests autonomous AI agents tend to prefer Bitcoin over fiat currencies when selecting assets for transactions and storage of value.