The Daily Peg

Eyes on the Tether peg as the crypto rout intensifies.

Depeg watch

A 20% Slide in Price of Bitcoin This Week Puts Pressure on Tether Peg

USDe is also wobbling

USDC is sitting tight:

Industry news

Tether Deepens Ties With Anchorage Digital Through $100 Million Equity Investment

Tether@tether

Tether Announces $100 Million Strategic Equity Investment in Anchorage Digital Read more:

tether.io

Tether Announces $100 Million Strategic Equity Investment in Anchorage Digital - Tether.io

2:03 PM · Feb 5, 2026 · 41.8K Views

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17 Replies · 24 Reposts · 278 Likes

https://www.theblock.co/post/388639/tether-deepens-ties-with-anchorage-digital-through-100m-equity-investment-at-4-2b-valuation?

Tether Retreats From $20bn Funding Ambitions After Investor Pushback
https://www.ft.com/content/3f7f0306-4bc2-43e1-8370-ea251229e5b6

Bahrain-based OIL1 Aims to Launch a Physical Oil-backed Stablecoin in June 2026

The Peg@cashequivalence

Remember the USO ETP and all the trouble it had with tracking the oil price because it was collateralized with derivatives, which were subject to position limits? There's an outfit looking to compete by launching an oil-backed stablecoin called OIL1, which would be backed with

5:09 PM · Feb 5, 2026 · 6 Views

Y Combinator To Allow Startup Founders To Receive Funding In Stablecoins
https://fortune.com/2026/02/03/famed-startup-incubator-y-combinator-to-let-founders-receive-funds-in-stablecoins/

Regulation

UK Financial Conduct Authority Launches Stablecoin Sprint To Shape Future Payments Framework
https://www.fca.org.uk/publications/techsprints/stablecoin-sprint

New York Prosecutors Say GENIUS Act Fails to Protect Victims of Fraud and Gives Legal Cover to Companies That are “Profiting From Fraud.”
https://edition.cnn.com/2026/02/02/business/stablecoin-genius-act-crypto

Statecraft

Hong Kong Plans First Stablecoin Issuer Licenses In March, Limited Approvals Expected

China Beige Book@ChinaBeigeBook

"Hong Kong aims to issue its first batch of #stablecoin issuer licenses in March, w/an official saying that only a small number of applicants will be approved initially"

caixinglobal.com

Hong Kong Targets First Stablecoin Licenses in March

4:26 PM · Feb 3, 2026 · 2.31K Views

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4 Reposts · 10 Likes

Hong Kong Targets March Timeline For First Stablecoin Licensing Decisions
https://finance.yahoo.com/news/hong-kong-targets-march-first-090036593.html

People’s Bank Of China Begins Paying Interest On Digital Yuan To Encourage Adoption

China Beige Book@ChinaBeigeBook

"The PBoC has begun offering interest on its central bank digital currency, aiming to encourage use as an alternative to the dollar for cross-border transactions...This makes the digital yuan, or e-CNY, the world's 1st interest-bearing CBDC"

asia.nikkei.com

China starts paying interest on digital yuan in latest bid to extend its reach

3:28 AM · Feb 4, 2026 · 2.77K Views

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1 Reply · 8 Reposts · 14 Likes

Nikkei Asia@NikkeiAsia

China starts paying interest on digital yuan in latest bid to extend its reach s.nikkei.com/4qYqMt5

11:06 PM · Feb 3, 2026 · 1.41K Views

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1 Repost · 2 Likes

CBDCs

Central Bank Of Turkey Publishes Second Phase Progress Report On Digital Turkish Lira
https://www.tcmb.gov.tr/wps/wcm/connect/c127f0a7-7b88-4afd-aff0-16a33899b7ef/Digital+Turkish+Lira+Second+Phase+Progress+Report.pdf?

Central Bank Of Iraq Advances Banking Reform With Digital Dinar And Dollar Transaction Focus
https://www.iraq-businessnews.com/2025/12/02/cbi-on-banking-reform-digital-dinar-dollar-transactions/MOD=AJPERES&CACHEID=ROOTWORKSPACE-c127f0a7-7b88-4afd-aff0-16a33899b7ef-pMdP9fx

ECB Signals Readiness To Issue Digital Euro Around 2029 Pending Legal Framework Approval
https://www.bis.org/review/r260204b.pdf

The Peg@cashequivalence

Bundesbank boss Joachim Nagel promises digital euro won't be used to snoop on people: "We certainly will not be able to and do not want to control what the public pay for with the digital euro. And those who use the digital euro offline will pay almost as anonymously as they do

5:41 PM · Feb 5, 2026 · 2 Views

Dollarization

Stablecoins Drive Global Dollarization Trends, Raising Policy And Monetary Concerns
https://www.newsweek.com/stablecoins-are-driving-global-dollarization-for-better-or-worse-11461606

Analysis

Euro-Denominated Stablecoins Reach $1.1 Billion In Circulation Amid Market Expansion
https://finance.yahoo.com/news/euro-stablecoins-reach-1-1bn-201409363.html

USDC Stock Keeps Sliding Despite On-chain Transaction Volume Surpassing $10 Trillion
https://finance.yahoo.com/news/usdc-dominated-10-trillion-stablecoin-101030372.html

U.S. Treasury Secretary Scott Bessent Says There Are Rumors China is Seeking to Issue Stablecoins Backed by Something Other Than Chinese Yuan

Coin Bureau@coinbureau

⚡️JUST IN: Bessent says there are rumors saying China is developing digital assets backed by 'something' else other than the Chinese yuan.

4:15 PM · Feb 5, 2026 · 12.5K Views

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27 Replies · 26 Reposts · 122 Likes

Financial Times Covers European Banking Consortium Shift Toward Joint Stablecoin Initiative
https://www.ft.com/content/5b9ae74b-4326-4d62-9a08-9049c15a5ef0