Meet Qivalis: The bank-led effort to internationalise the euro with stablecoins
Policymakers are beginning to recognise the importance of homegrown private-sector initiatives in countering dollar-backed stablecoins.
Banks should probably stop trying to mint their own stablecoins
Under the OCC’s proposed framework it might make more sense to enter into issuer-parnterships.
Bank of England signals flexibility on stablecoin rules as consultation continues
BoE’s Breeden says the Bank’s shift from 100 percent to a 60/40 percentage split on remunerated holdings shows it is listening to industry.
Circle is turning into a repo machine
The stablecoin issuer’s latest filings show that roughly 54 percent of all depositor cash in Circle’s Reserve Fund is invested in repo.
Industry warns UK risks digital dollarisation without stablecoin reform
Fintech leaders told MPs that unless the U.K. backs a competitive sterling stablecoin regime, dollar-denominated stablecoins could dominate future payments systems.
Commerzbank warned ECB officials intervention is necessary to cultivate euro-stablecoins
A bank industry briefing to ECB officials in November last year warned that euro stablecoins may struggle to scale without central bank support.
Terra lawsuit frames collapse as a targeted currency attack by Jane Street
The legal complaint against Jane Street offers a provocative new interpretation of the Terra Luna collapse, suggesting insider insight — not just structural flaws — may have driven the depeg.
Digital euros and liquidity backstops won’t dent dollar dominance, says Fed’s Miran
European officials may be warming to the idea of using euro stablecoins as a way to challenge the dollar, but Stephen Miran says the greenback isn’t going anywhere.
Fed’s Miran turns hawkish, floats rethink of Fed Funds rate
The Fed’s most ardent dove, Stephen Miran, said he would reverse his December shift toward easier policy if he is still at the Federal Reserve by the March meeting, citing firmer labour data and renewed goods inflation. “If I had no more data in hand right now and had to put a dot down at […]
Banks are starting to price liquidity by the hour
Finteum’s Brian Nolan predicts that funding markets will eventually price more like electricity markets.