Stablecoin Winds Down Stablecoin Vault After msUSD Depeg Panic

The BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.

BoE replaces stablecoin holding caps with a £40B issuance limit framework. Stablecoin issuers can now hold 70% of reserves in UK government debt. New rules aim to balance digital payment innovation with financial stability. The Bank of England has unveiled a revised regulatory framework for systemic stablecoins, removing proposed limits on individual holdings and easing […] The post Bank of England Drops Stablecoin Holding Caps in Major Policy Shift appeared first on Live Bitcoin News.

USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move that pushes the World Liberty Financial-issued stablecoin past Sky's USDS in net weekly inflows.

The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin. Bank of England Revises Stablecoin Rules to Support Growth The Bank […]

MiCA stablecoin rules took effect in June 2024, reshaping euro token issuance and payments. MiCA 2.0 could lift competitiveness—key trade-offs and risks.

Altura processed over $8.5M in USDT redemptions within 24 hours before closing the vault. The protocol says market fears and withdrawal pressure drove the orderly wind-down decision. User capital will be returned as portfolio positions are redeemed and settlements are completed. Altura has announced the closure of its stablecoin yield vault after processing more than […] The post Altura Shuts Down Vault as Redemption Requests Surge Past $8.5M appeared first on Live Bitcoin News.

Toss Bank will test Solana-based stablecoin transfers for faster remittances. The pilot explores lower-cost settlement solutions for cross-border payments. South Korea’s evolving crypto rules could support wider blockchain adoption.  South Korea’s Toss Bank has partnered with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. The initiative will focus on evaluating whether stablecoins and […] The post Solana Lands Major Bank Deal as Toss Tests Global Payments Network appeared first on Live Bitcoin News.

South Korea’s Toss Bank and Solana Foundation will test stablecoin-based remittance infrastructure through a phased proof-of-concept.