Stablecoins — Page 6

He ties stablecoin-led onchain cash balances to future demand for yield-bearing tokenized products as DeFi plumbing lags.

The QCATP model could keep UK order flow tied to global venues, yet “comparable” jurisdiction criteria remain undefined.

The plan pairs a formal BTC “monetization” program with higher preferred dividends, buybacks, and a larger cash reserve.

A “containment strategy” would curb crypto payments and settlements while carving out regulated tokenization.

HM Treasury backed a “multi-money ecosystem” framing, while the FCA set a September-to-Feb. 2027 authorization runway ahead of an Oct. 2027 go-live.

The bank says institutions can mint and redeem USDC on its platform without opening separate Circle accounts.

The bank warned CRCL headwinds may persist as a 140+ member stablecoin consortium targets distribution economics.

The bank also spotlights Hyperliquid-style fee capture and initiates coverage on FWDI and CYPH as treasury operators.

CACEIS disclosed an initial 20.02M EURXT supply and used it to subscribe into a tokenized Amundi money market fund.

The proposal also codifies an ICT supply-chain oversight role and preserves public access to open-source AI software.

The request asks whether existing ETF rules and the registration pathway still fit newer strategies and asset exposures.

The fee-free, no-limits minting model landed as Circle shares fell over 16% to $63.63 the same day.

Regulatory clarity, not integration, was the top confidence driver as 88% signaled likely use within 12 months.

Yield routes through Veda into Aave and Morpho, while card spending is described as Monad-only and UK/EU users are excluded.

The bank’s custody clients can convert USD to USDC and redeem USDC back to dollars through BNY, with USDC first on the platform.

ESMA is pushing unlicensed providers to wind down, while exchanges roll out incentives to capture migrating users.

The Lightning-routed flow converts BTC via liquidity providers and delivers stablecoins to the recipient’s chain without the sender holding them.

Alex Thorn pointed to no unified Senate text, no floor schedule, and a narrowing pre-recess window.

The 2026 annual report also argues Bitcoin and Ethereum are structurally unfit for systemic finance rails.

The consultation lands as Binance plans EU service restrictions and DefiLlama shows multi-day net outflows after its Greece withdrawal.