Stablecoins
Sygnum Partners With Nu Global to Bring Crypto Infrastructure to Latin America's Largest Digital Bank
Swiss crypto bank Sygnum will provide banking and custody infrastructure for Nu Global's international rollout, serving 140 million customers across Brazil, Mexico and Colombia.
UK proposes Bank of England mandate to support stablecoin innovation
HM Treasury plans to add a secondary objective for the BoE to foster digital payment innovation, including stablecoins, while maintaining financial stability as its primary goal. The proposal will be debated in Parliament next month.
Optimism shifts 546.9M OP tokens from airdrops to ecosystem fund
Governance proposal reallocates tokens to drive institutional adoption and network growth, despite opposition over unfulfilled user promises.
FalconX, Ethena launch $1B lending facility backed by USDe collateral
Institutional crypto lender FalconX and Ethena have established a $1 billion secured facility using assets backing the USDe stablecoin to fund overcollateralized loans. Terms and borrowers remain undisclosed.
Slovenia registers first stablecoin issuer under EU’s MiCA rules
Dinaro becomes the first electronic money institution in Slovenia to join the EU’s MiCA stablecoin register. Two additional crypto asset service providers added to the list.
U.S. Expands Iran Crypto Sanctions, Targeting Two Exchanges
The Treasury Department's OFAC has targeted Shelbit and Aban Tether in an ongoing effort to restrict Tehran's access to cryptocurrency and foreign currency.