The Daily Peg

A round-up of stablecoin and CBDC news.

Industry news

Polygon Labs Expands Stablecoin Payments Strategy With Coinme and Sequence Acquisitions
https://decrypt.co/354351/polygon-bolsters-stablecoin-payments-push-acquiring-coinme-sequence

Visa Direct Partners With BVNK to Deliver Stablecoin Infrastructure for Global Payments
https://www.businesswire.com/news/home/20260114948268/en/BVNK-to-Deliver-Stablecoin-Infrastructure-for-Visa-Direct-Pilot-Programs (The AI Journal)

Money Market

Members of the ECB Money Market Contact Group Flag Risks From U.S. Dollar–Backed Stablecoins in Internal Discussions

The Peg@cashequivalence

The ECB Money Market Contact Group discussed stablecoins in September 2025 and seemingly flagged concerns about US dollar-backed stablecoins potentially leading "to some form of dollarisation in this area". ecb.europa.eu/paym/groups/pd…

12:46 AM · Jan 14, 2026 · 4 Views

Federal Reserve Paper Examines Banking and Liquidity Conditions
https://fedinprint.org/item/fedbqu/102319/original

The Peg@cashequivalence

New Fed Working paper says that a key financial stability concern of tokenized MMFs (often purchased with stablecoins) would be that greater use of tokens throughout the financial system – for example, as collateral and for margin – would amplify the repercussions of existing

10:53 AM · Jan 14, 2026

Sound of Da Police

Bank of Thailand Monitors USDT “Grey Money” Trading Activity
https://www.theblock.co/post/385386/bank-of-thailand-monitors-usdt-grey-money-trades-report

Ukraine Blocks Stablecoin-Funded Polymarket and Classifies Prediction Markets as Gambling
https://www.zerohedge.com/crypto/ukraine-blocks-polymarket-classifies-prediction-markets-gambling

Block Reporter Highlights Growing Scrutiny of Stablecoins and Crypto Regulation

Ous@DangaWrites

Tether's recent crackdown: by the numbers Over $182M: Total USDT frozen on Jan 11 across 5 Tron addresses. $12M – $50M: Range of balances per individual wallet restricted. 30x: Factor by which Tether’s freezes exceed Circle’s ($109M) since 2023.

1:58 PM · Jan 12, 2026 · 6.39K Views

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4 Replies · 5 Reposts · 20 Likes

Deep Thoughts

Vitalik Buterin Warns There is Overreliance on USD-Pegged Digital Assets.
https://finance.yahoo.com/news/vitalik-buterin-sends-ethereum-stablecoin-120911664.html

Regulation

Senator Lummis Says Bipartisan Digital Asset Legislation Is Ready for Markup

Senator Cynthia Lummis@SenLummis

After months of hard work, we have bipartisan text ready for Thursday’s markup. I urge my Democrat colleagues: don’t retreat from our progress. The Digital Asset Market Clarity Act will provide the clarity needed to keep innovation in the U.S. & protect consumers. Let’s do this!

4:58 AM · Jan 13, 2026 · 351K Views

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453 Replies · 1.65K Reposts · 9.71K Likes

Senate Banking Republicans Circulate New Crypto Market Structure Discussion

Brendan Pedersen@BrendanPedersen

NEWS: We obtained the latest discussion draft of crypto market structure legislation. The bill was drafted by Senate Banking Republicans with Democratic input, and it was sent to Democrats on Monday. Section 404, on stablecoin yield, is currently blank. PBN texts has it:

3:20 AM · Jan 13, 2026 · 26.2K Views

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5 Replies · 13 Reposts · 48 Likes

Coinbase Pushes Back Against Banks Over Crypto Access and Payments
https://finance.yahoo.com/news/coinbase-pushes-back-against-banks-092734636.html

Bitcoin Advocates Urge U.S. Lawmakers to Clarify Stablecoin Tax Rules
https://decrypt.co/354512/bitcoin-advocates-press-us-lawmakers-stablecoin-tax-rules

Statecraft

Pakistan Signs Memorandum of Understanding for USD1 Stablecoin Initiative
https://www.theblock.co/post/385513/pakistan-signs-mou-usd1-stablecoin?

Regional

M-Pesa Partners With UAE Blockchain Firm to Enable Stablecoin Payments Across Africa
https://www.businessdailyafrica.com/bd/markets/currencies/m-pesa-uae-firm-ink-deal-for-stablecoin-payments-5323488?

Events

Wyoming Stable Token Commission Details Path to First State-Issued Stablecoin
https://www.omfif.org/meetings/wyoming-stable-token-commission-and-the-journey-to-a-state-first-issuance