Tag: Stablecoins

Binance Shifts $1B SAFU Fund from Stablecoins into Bitcoin

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Binance is shifting its flagship user protection vehicle, the Secure Asset Fund for Users (SAFU), from stablecoin holdings into Bitcoin over the next 30 days, re‑denominating the fund’s reserves into BTC. In an open letter to the crypto community, the exchange framed the move as an expression of its conviction that Bitcoin (BTC) is the core long‑term asset of the crypto ecosystem rather than just another trading product, and said it will rebalance the fund back up to $1 billion if market volatility drives its value below $800 million.  That…

Bank of England to prioritize systemic stablecoins and tokenised collateral policy in 2026

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The Bank of England will focus on advancing a systemic stablecoins regime, setting out policy clarity on tokenised collateral under UK EMIR, and broadening the scope of the Digital Securities Sandbox in 2026, according to Sasha Mills, the bank’s Executive Director for Financial Market Infrastructure. Speaking at the Tokenisation Summit, Mills said the coming year would be “fundamental in shaping the UK’s digital financial future.” “We have the opportunity to build truly holistic digital financial markets in the UK, bringing real benefits to the real economy,” Mills said. Under the…

Coinbase Inches Closer Toward Launching Custom Stablecoins

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Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens. The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on activity and allow them to move funds seamlessly between Coinbase-supported chains, with the tokens to be collateralized by Circle’s USDC (USDC). “A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Exchange for operational testing,” Coinbase posted to X on Tuesday, adding:  “This is a backend test phase…

Stablecoins Threaten Bank Deposits, Standard Chartered Warns

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Stablecoins pose a real risk to bank deposits both globally and in the United States, according to a new report by Standard Chartered analysts. The delay of the US CLARITY Act — a bill proposing to prohibit interest on stablecoin holdings — is a “reminder that stablecoins pose a risk to banks,” Geoff Kendrick, global head of digital assets research at Standard Chartered, said in a report on Tuesday seen by Cointelegraph. “We estimate that US bank deposits will decrease by one-third of stablecoin market cap,” the analyst said, referring…

South Korea Central Bank Warns Stablecoins Could Complicate FX Controls

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South Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be issued, according to local reports. Speaking at the Asian Financial Forum in Hong Kong, Bank of Korea Governor Lee Chang-yong said authorities are considering a new registration framework that would allow domestic institutions to issue virtual assets, according to a report by Radio Television Hong Kong. He cautioned, however, that stablecoins remain controversial because of their…

Stablecoins Emerge as Financial Rails in Africa, Says Former UN Official

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Stablecoins are increasingly being used across Africa as a cheaper and faster remittance option, with remittances becoming “more important than aid” on the continent, according to Vera Songwe, a former UN under-secretary-general. Speaking at a World Economic Forum panel in Davos, Switzerland on Thursday, Songwe said traditional money transfer services in Africa often cost about $6 for every $100 sent, making cross-border payments expensive and slow. She said stablecoins are cutting fees and settlement times, allowing individuals and small businesses to move money in minutes rather than waiting days for…

Billions of AI Agents to Use Stablecoins in 5 Years: Circle

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Within three to five years, billions of artificial intelligence agents that can work without human input will use crypto and stablecoins for everyday payments on behalf of users, says Jeremy Allaire, the CEO of stablecoin issuer Circle. “Three years, five years from now, one can reasonably expect that there will be billions, literally billions of AI agents conducting economic activity in the world on a continuous basis,” Allaire said on Thursday at the World Economic Forum in Davos, Switzerland. “They need an economic system. They need a financial system. They…

Circle CEO Frames Stablecoins as Neutral Infrastructure

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Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies. Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view card networks such as Visa or Mastercard as competitors, describing them instead as “significant partners.” According to Allaire, stablecoins are “network effect businesses,” with usage and circulation increasing as more developers and institutions integrate, adding that Circle operates as a “neutral company” that does not compete with banks, payment companies or exchanges. He…

UN Gets Circle Grant to Expand Refugee Aid With Stablecoins

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Circle said digital financial infrastructure, including stablecoins, can save 20% of the cost of delivering humanitarian aid. Stablecoin issuer Circle has issued a grant to support the rollout of digital financial infrastructure across the United Nations, with the aim of making humanitarian aid payments more efficient. Announced at the World Economic Forum conference in Davos, Switzerland, on Wednesday, the Circle Foundation said its first international grant would support the UN’s Digital Hub of Treasury Solutions (DHoTS) “efforts to streamline monetary value transfers across the UN ecosystem.” The grant builds on…

Zach Pandl: Bitcoin projected to hit $126,000 by mid-2026, Ethereum to outperform due to regulatory clarity, and the rise of stablecoins in corporate finance

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Bitcoin is projected to reach a new all-time high by the first half of 2026. Ethereum is expected to continue outperforming Bitcoin due to its market dynamics. The US crypto industry is moving towards greater regulatory clarity. Key Takeaways Bitcoin is projected to reach a new all-time high by the first half of 2026. Ethereum is expected to continue outperforming Bitcoin due to its market dynamics. The US crypto industry is moving towards greater regulatory clarity. The Genius Act has significantly influenced the regulatory approach to crypto. Positive trends are…