UK’s 1% Stablecoin Capital Rule: Can London Undercut MiCA Without Inviting Risk?
UK 1% capital floor for stablecoin issuers undercuts EU MiCA’s 2% as the BoE requires 30% reserves at the central bank and up to 70% in short gilts.
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Tethers USA circulation rose to $156.5 million in May, while Anchorage Digital Bank reported $157 million in reserves and a larger backing surplus. The post USA₮ circulation reaches $156.5M as reserve backing increases appeared first on Crypto Briefing.
Read full articleUK 1% capital floor for stablecoin issuers undercuts EU MiCA’s 2% as the BoE requires 30% reserves at the central bank and up to 70% in short gilts.
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Strategy founder Michael Saylor announced Monday that the company acquired 520 bitcoin for approximately $35 million, a noticeably smaller tranche than recent weeks, bringing the firm’s total reserve to 847,363 BTC. Smaller Buy, Same Cadence The purchase marks the third consecutive week of bitcoin accumulation for Strategy. Saylor disclosed the transaction in a Monday morning […]
Strategy’s bitcoin position has swelled to 846,842 BTC after surviving a dramatic 2022 crypto market downturn that put its balance sheet and stock price under intense pressure. Michael Saylor said the company raised over $60 billion, added 716,000 BTC, and now holds reserves exceeding debt by about $48 billion. From Bear Market Brink to Bitcoin […]
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The Fed's Treasury bill purchases may stabilize short-term yields, indirectly supporting risk assets and influencing crypto market dynamics. The post Federal Reserve buys $10B in Treasury bills to bolster reserves appeared first on Crypto Briefing.