Stablecoin

Japan LDP Proposes Crypto ETF Trading Framework, Yen Stablecoins Japan’s ruling Liberal Democratic Party (LDP) has submitted a proposal to the finance minister recommending that the country establish a legal framework for trading cryptocurrency ETFs. The proposal also supports the creation of yen-based stablecoins. The move signals Japan’s accelerating push toward comprehensive crypto regulatory reform and could position the country as the first major Asian economy to fully open crypto ETF trading. ...

The total stablecoin market value has reached $322 billion, exceeding the official foreign exchange reserves of 95 nations worldwide. This marks the continued expansion of the crypto ecosystem’s “shadow banking” scale, with user-held dollar and fiat assets increasingly operating outside traditional banking channels.

[Brief] StablR Stablecoin Hit by $13.5M Exploit, Tokens Depeg StablR’s EURR and USDR stablecoins suffered a severe depeg after an attacker exploited a multisig wallet vulnerability to mint approximately $13.5 million in unbacked tokens. EURR fell to $0.85 and USDR dropped as low as $0.40. According to TheBlock, the attacker dumped roughly $10.4 million in face value on decentralized exchanges. The project team is working on an emergency fix.

[Brief] European Central Bank President Christine Lagarde warned Friday that Europe should not simply replicate the US stablecoin model when launching the digital euro. She emphasized that Europe needs its own regulatory framework and monetary policy transmission mechanism, rather than relying on private-sector issuance. Source: CoinDesk

Senator Warren Questions Meta on Stablecoin Plans Senator Elizabeth Warren has pressed Meta over its stablecoin trial, citing risks from the previous Libra project and the company’s planned 2026 integration, according to The Block. Warren’s inquiry highlights ongoing regulatory concerns about major technology companies entering the cryptocurrency space. She has long been one of the most vocal critics of the crypto industry in Congress. The questioning references Meta’s previous attempt to launch the Diem (formerly Libra) stablecoin project, which faced intense regulatory pushback and was ultimately abandoned. Warren expressed concerns about the timeline for integrating stablecoin functionality into Meta’s platforms in 2026. ...

Stablecoin Card Spending Growing 100% Year Over Year Stablecoin card spending is growing 100% year over year, according to a Rain executive. Stablecoin settlement enables weekend and holiday processing, reducing trapped capital by over 40% and improving card economics.

ECB’s Lagarde Warns Euro Stablecoins Pose Financial Stability Risk ECB President Christine Lagarde warned that euro-denominated stablecoins pose risks to financial stability and monetary policy, advocating for a digital euro over private stablecoins. Her stance diverges from that of the Bundesbank.

The Bermuda government is promoting stablecoin payments through a USDC airdrop campaign as part of its effort to attract crypto businesses to the island. As an international financial center, Bermuda is working to position itself as a crypto-friendly jurisdiction. The USDC airdrop aims to let local residents experience the convenience of stablecoin payments. On the regulatory front, Bermuda has established a relatively comprehensive digital asset regulatory framework, providing clear compliance pathways for crypto businesses. This move aligns with the competitive landscape of multiple jurisdictions vying for crypto company establishment. ...

Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Paul Grewal said at the Consensus conference that the Clarity Act will pass this summer. He backed the Tillis-Alsobrooks stablecoin compromise and urged banks to accept the deal framework.

OpenTrade Secures a16z-Backed Funding Stablecoin yield and RWA lending platform OpenTrade raised $17 million, led by Mercury Fund and Notion Capital. The platform’s TVL has exceeded $200 million, targeting neobanks and fintechs.