European banks are rapidly moving stablecoin projects from concept to production, with EUR stablecoins processed at retail VASPs growing 12-fold to $777 million in 15 months.
SUI trades near $1.09 as bulls eye $1.20, while stablecoins and network revenue hold firm amid TVL decline. SUI traded near $1.09 as traders assessed its rebound setup, stablecoin activity, and network revenue. Market analysts pointed to firm on-chain baselines, even as total value locked fell from earlier highs. Bulls are now watching whether price […]
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Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain. Kevin O’Leary Praises Stablecoins Over Bitcoin In an X post, Kevin O’Leary shared a FOX interview in which he praised stablecoins over Bitcoin. He described BTC as a speculative asset whose price fluctuates due to its volatility. Meanwhile, the businessman called stablecoins an interesting product in financial services, noting that they are valuable because they are backed by U.S. Treasury bills. Related Reading: The Bitcoin Playbook To Know: Step 4 Says A Crash Is Coming, But Where’s The Bottom? O’Leary further remarked that the “beauty” of these stablecoins is that one can transfer them in seconds, not days. As such, he explained how these stablecoins top the current payme
25 additional banks have joined Qivalis, a European stablecoin initiative now backed by 37 financial institutions across 15 countries. The project reflects growing efforts by European lenders to build blockchain-based payment infrastructure independent of U.S.-dominated networks. European Banks Expand Qivalis to 37 Members Across 15 Countries A growing coalition of European banks is accelerating efforts […]
Bank of England Deputy Governor Sarah Breeden has detailed a comprehensive plan to modernize the UK financial ecosystem by integrating stablecoins, asset tokenization, and overhauled payment architectures. A Shift in Stablecoin Regulation The Bank of England will publish draft rules for systemic stablecoins next month, aiming to finalize a regulatory framework by year-end in alignment […]
Qivalis secures support from 37 European banks to launch a euro stablecoin backed 1:1 with euro reserves under EU crypto regulations. Qivalis has received strong support from 37 European banks. This move aims to increase euro stablecoin adoption across Europe. According to the Financial Times, the project is based in Amsterdam. So, it is becoming […]
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The consultation could reshape EU crypto regulation, impacting stablecoin interest, DeFi oversight, and asset classification, influencing global standards.
The post European Commission opens consultation on MiCA updates for stablecoins and DeFi appeared first on Crypto Briefing.
