Tag: Stablecoin

Taiwan to Pass Stablecoin Regulations in Late 2026: Report

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Taiwan could see its first stablecoin launched as early as the second half of 2026 as lawmakers advance new rules for digital assets, according to one of the country’s financial regulators. According to a Focus Taiwan report on Wednesday, Financial Supervisory Commission (FSC) Chair Peng Jin-lon said that, based on the timeline for passing related legislation, a Taiwan-issued stablecoin could enter the market in the second half of 2026. Should the Virtual Assets Service Act pass in the country’s next legislative session, and accounting for a six-month buffer period for…

Lawmakers Stumble on Stablecoin Terms as US Congress Grills Fed’s Bowman

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US Representative Stephen Lynch pressed Federal Reserve Vice Chair Michelle Bowman on Tuesday over her past remarks encouraging banks to “engage fully” with digital assets, questioning the Fed’s role in advancing crypto frameworks while showing confusion over the definition of stablecoins. In a Tuesday oversight hearing, Lynch asked Bowman, the Fed vice chair for supervision, about remarks she had made at the Santander International Banking Conference in November. According to the congressman, Bowman said she supported banks “[engaging] fully” with respect to digital assets. However, according to Bowman’s comments at…

Qivalis to launch euro stablecoin by 2026 backed by major European banks

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Key Takeaways Qivalis, backed by a consortium of 10 major European banks, plans to launch a euro-pegged stablecoin by late 2026. The initiative aims to create a digital euro stablecoin as an alternative to US dollar-dominated assets, enhancing European financial sovereignty. Share this article Qivalis, a newly incorporated Amsterdam-based company established by a consortium of ten major European banks, announced today its plans to launch a euro-pegged stablecoin by the second half of 2026. The consortium includes major financial institutions such as ING, UniCredit, and BNP Paribas. The company is…

Does GENIUS Make Stablecoin Issuers Stealth Buyers of US Debt?

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The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law on July 18, is billed as the statute that finally drags dollar‑pegged tokens out of the regulatory gray zone into a supervised, payments‑first framework. Supporters say it offers legal clarity, consumer protections and a path for programmable money. Critics say it raises a deeper question: If issuers are tightly steered into holding cash and short‑term Treasurys, does that make them structural buyers of US debt? That’s the case laid out by author and ideologist Shanaka Anslem…

South Korea’s Government Expects Stablecoin Draft by Dec. 10

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South Korean lawmakers are pressing financial regulators to deliver a draft stablecoin bill by a deadline set for later this month, as disagreements over the role of banks continue to stall progress. According to a Monday report by a local news outlet, Maeil Business Newspaper, South Korea’s ruling party sent a “last-minute notice” to financial regulators to submit a stablecoin regulatory framework draft by Dec. 10. Kang Joon-hyun, a lawmaker of the Democratic Party, said, “If the government bill does not come over within this deadline, we will take a…

US Bancorp Testing Stablecoin Issuance on Stellar Network

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US Bancorp is running a stablecoin pilot on the Stellar blockchain, joining the growing number of banks experimenting with the technology.  The bank is partnering with consulting company PricewaterhouseCoopers (PwC) and the Stellar Development Foundation to run the pilot.  “The bottom line is institutions have arrived. New financial infrastructure is taking shape now, and US Bank, PwC, and SDF are working to unlock the next wave of digital banking,”  said the Stellar Development Foundation on Tuesday.  US Bancorp is the publicly traded parent company of US Bank, which holds more…

US Bancorp selects Stellar chain for stablecoin pilot

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Key Takeaways US Bancorp is piloting its own stablecoin on the Stellar blockchain. Stellar was chosen for its strong compliance-oriented features like asset freezing and transaction management. Share this article US Bancorp, a Minneapolis-based financial institution, is testing its own stablecoin on Stellar, a public blockchain focused on facilitating financial transactions and asset tokenization with built-in compliance tools. The bank selected Stellar for its regulatory-aligned capabilities, including asset freezing and transaction management features that support banking compliance requirements. US Bancorp has established a digital assets division focused on developing stablecoin…

Klarna Launches Stablecoin on Stripe’s Tempo Blockchain

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Payments company Klarna has launched a stablecoin, becoming the first digital bank to issue a token on Tempo, the new layer-1 blockchain developed by Stripe and Paradigm. According to Tuesday’s announcement, the new stablecoin is pegged to the US dollar and is currently live on Tempo’s testnet, with an upcoming mainnet launch set for 2026. Called KlarnaUSD, the stablecoin was built by Bridge, a stablecoin infrastructure provider also owned by Stripe. The move expands Klarna’s long-standing payments partnership with Stripe across its 26 global markets. “Crypto is finally at a…

South Korea Stablecoin Stalls As BOK Pushes Bank Control

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South Korea is likely to end the year without a framework for locally issued stablecoins, amid ongoing disputes over the role of banks in stablecoin issuance. The country’s central bank, the Bank of Korea (BOK), and other financial regulators have clashed over the extent of banks’ involvement in issuing Korean won-backed stablecoins, delaying a framework widely expected to arrive in late 2025, the Korea JoongAng Daily reported Tuesday. According to the BOK, a consortium of banks should own at least 51% of any stablecoin issuer seeking regulatory approval in South…

‘Buy now, pay later’ giant Klarna debuts stablecoin on Stripe’s blockchain

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Key Takeaways Klarna has launched its own payment stablecoin, KlarnaUSD, on Stripe’s blockchain to streamline cross-border payments. The stablecoin aims to cut costs for consumers and merchants while expanding Klarna’s services into crypto and international payments. Share this article Klarna, the Swedish “buy now, pay later” fintech giant, is entering the stablecoin space with the launch of KlarnaUSD on a Stripe-built blockchain, the Financial Times reported Tuesday. The rollout is aimed at streamlining international payments and reducing costs for both consumers and merchants as stablecoins help bypass intermediaries such as…