The Daily Peg
House of Lords prepares to scrutinize stablecoins
Industry news
Galaxy Digital Swings to $482M Loss as Crypto Market Pressures Mount, Highlighting Volatility Behind Stablecoin Liquidity Backstops
https://www.theblock.co/post/388236/novogratzs-galaxy-digital-posts-482-million-loss-as-cash-pile-swells?
Y Combinator Startups Increasingly Target Stablecoin Infrastructure and Payments Rails
https://www.theblock.co/post/388230/y-combinator-stablecoin-funding?
KBank Launches Stablecoin Wallet Move, Signaling Traditional Banking Push Into Digital Dollar Ecosystem
https://www.theblock.co/post/388147/kbank-stablecoin-wallet?
Opera Shares Jump 18% After MiniPay Integrates Tether’s USDT Stablecoin
https://www.theblock.co/post/388040/opera-shares-jump-18-minipay-adds-tethers-usdt-stablecoin?
Regulation
The FT’s Chris Giles is Informing the Lords About Stablecoins
White House Crypto Banking Talks Emphasize Stablecoin Incentives as Policy Momentum Builds
https://www.theblock.co/post/388106/inside-white-house-talks-crypto-banks-on-stablecoin-rewards-exactly-the-progress-needed?
New York AG Letitia James Backs Strong Stablecoin Law, Framing It as Consumer Protection Breakthrough
https://www.theblock.co/post/388078/new-york-attorney-general-letitia-james-stablecoin-law-genius-consumer-protection?utm_source=rss&utm_medium=rss
Central banks
Bank of England Official Warns UK Risks Falling Behind in Financial Innovation as Stablecoins and Digital Assets Accelerate Globally
https://www.cityam.com/bank-of-englands-breeden-warns-on-rivals-overtaking-uk-on-innovation/
The Link Between Trump’s Fed Pick and Tether’s ‘Made in America’ Stablecoin
https://decrypt.co/356673/link-between-trump-fed-pick-tether-made-america-stablecoin
Analysis
Market Turbulence Scenarios Raise Questions Over Flight-to-Safety Flows Into Stablecoins During Crisis Events
https://www.zerohedge.com/markets/whats-warsh-could-happen
Stablecoins Flagged as Emerging ‘Bank Run’ Risk in Financial Stability Debate
https://finance.yahoo.com/news/stablecoins-becoming-bank-run-risk-100216200.html
Euro Stablecoin Supply Could Surge 1,600% to $1.3 Trillion by 2030, S&P Projects
https://www.theblock.co/post/388247/sp-projects-1600x-upper-bound-increase-in-euro-stablecoin-issuance-to-1-3-trillion-by-2030?
Macro Commentary Circulates on X as Crypto and Stablecoin Policy, Markets, and Geopolitics Converge
Regional
UAE Firm’s $500M Investment in Trump-Linked Crypto Venture Underscores Geopolitical Capital Flows Into Digital Asset and Stablecoin Sector
https://www.zerohedge.com/political/uae-firm-bought-49-trump-linked-crypto-startup-500m-wsj
CBDCs
Europe Reassesses U.S. Dependence Amid Political Shifts, a Backdrop to Growing Interest in Euro-Based Stablecoin and Payment Sovereignty
https://www.politico.eu/article/europe-begins-retreat-united-states-dependence-donald-trump-rocks-transatlantic-relationship/?