Impact Vector: Crypto Infrastructure

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Daily news about crypto infrastructure.

  1. 23h ago

    Lawson to Launch Japan’s First POS-Integrated Stablecoin Payment Trial - FinanceFeeds — 2026-07-13

    ## Short Segments Japan's SBI Group is set to launch a yen stablecoin lending service offering a 3% yield, marking a significant step in stablecoin adoption. Today, we'll also cover the Bank of Thailand's audit of high-volume stablecoin trades, Progmat's $3 billion move to Avalanche, and more. Coming up, Lawson's groundbreaking stablecoin payment trial in Japan. Japan’s SBI to launch yen stablecoin lending with 3% yield. SBI Group is opening applications for its JPYSC stablecoin lending service on July 16, offering a 3% annual yield for a 12-week term. This marks Japan's first trust bank-backed stablecoin lending service, aiming to attract users with higher returns than traditional yen deposits. SBI VC Trade will manage the service, reflecting the growing integration of stablecoins in Japan's financial landscape. As stablecoin adoption rises, this move could set a precedent for other financial institutions in Japan. Bank of Thailand audits high-volume stablecoin trades to crack down on illicit finance. The Bank of Thailand, in collaboration with the SEC, is scrutinizing large stablecoin transactions, particularly those involving Tether (USDT), to prevent illicit financial activities. Using data analytics, the authorities aim to identify suspicious transactions that may bypass financial reporting systems. This initiative is part of a broader effort to tighten financial regulations and ensure transparency in digital currency transactions. Such measures could influence how stablecoins are regulated in other regions. Japan’s largest security token platform moves nearly $3 billion to Avalanche blockchain. Progmat has successfully migrated its security token infrastructure, managing over ¥452 billion, from Corda to Avalanche's Layer 1 network. This transition enhances transaction speed and maintains institutional controls, positioning Avalanche as a key player in Japan's tokenized asset market. The move underscores the growing trend of leveraging blockchain technology for efficient asset management. As more platforms consider similar migrations, the competitive landscape for blockchain networks could shift significantly. SBI Holdings, Solana Foundation partner to build Japan-based onchain financial market. SBI Holdings and the Solana Foundation are collaborating to create Japan's first onchain financial market, focusing on stablecoin issuance and asset tokenization. The partnership aims to connect Japan's financial system with global blockchain liquidity, enhancing cross-border payment infrastructure. This venture could accelerate the adoption of blockchain technology in Japan's financial sector, offering new opportunities for innovation and growth. As the project progresses, it may serve as a model for other countries exploring similar initiatives. Stablecoin FX priced below interbank rates in Q2, with routing now the biggest cost lever. According to Borderless.xyz, stablecoin payments were priced 3.2 basis points below interbank FX rates across 260 corridors in Q2. This pricing advantage highlights the efficiency of stablecoin transactions, driven by network-based payment systems that leverage multiple liquidity providers. As stablecoin FX rates approach interbank parity, the focus shifts to optimizing routing to further reduce costs. This trend could encourage more enterprises to adopt stablecoin payments for cross-border transactions. ## Feature Story Lawson to Launch Japan’s First POS-Integrated Stablecoin Payment Trial. In a pioneering move, Lawson, one of Japan's top-three convenience store chains, is set to trial yen-denominated stablecoin JPYC payments at its Takanawa Gateway City store in Tokyo this August. This trial marks Japan's first integration of stablecoin payments directly into a point-of-sale (POS) system, allowing customers to pay using mobile wallet barcodes. HashPort will manage the backend, updating balances with verified transaction data. This initiative comes amid a broader push by Japanese banks and financial services firms to expand stablecoin projects within the country's financial ecosystem. By transitioning JPYC from an unregulated prepaid instrument to a licensed yen-pegged stablecoin, Lawson aims to test real-world retail adoption and seamless integration with existing store systems. The trial's success could pave the way for wider adoption of stablecoin payments in Japan, potentially influencing other retailers to explore similar integrations. As Japan's megabanks prepare their own yen stablecoins, the competition in regulated digital payment networks is set to intensify. For issuers and payment companies, this trial represents a significant step towards mainstream acceptance of stablecoins in everyday transactions. Looking ahead, the outcome of Lawson's trial could shape the future of digital payments in Japan, offering insights into consumer behavior and the operational feasibility of stablecoin transactions in retail settings. As the trial unfolds, stakeholders will be keenly observing its impact on the broader financial landscape and the potential for scaling such solutions across the country.

    6 min

  2. 2d ago

    Housing bill that includes a CBDC ban passed into law without Trump’s signature — 2026-07-11

    ## Short Segments ## Feature Story The 21st Century ROAD to Housing Act, a bipartisan bill that includes a ban on the Federal Reserve issuing a central bank digital currency (CBDC), has become law without President Donald Trump's signature. This legislative development is notable not only for its content but also for the manner in which it became law. The bill, which primarily addresses housing policy, includes a provision that prohibits the Federal Reserve from creating or issuing a CBDC or any digital asset that is substantially similar until December 31, 2030. The inclusion of the CBDC ban in a housing bill has raised eyebrows and sparked discussions about the political maneuvering behind it. Analysts suggest that the digital dollar ban was a strategic move to secure Republican support for the broader housing legislation. Despite its significance, President Trump did not comment on the CBDC ban in his public statements. The bill passed both the House of Representatives and the Senate in June with bipartisan support. Under the U.S. Constitution, a bill becomes law if the President does not sign or veto it within ten days, excluding Sundays. As of Friday night, the bill automatically took effect, marking a unique moment in American legislative history. The prohibition on a U.S. CBDC is now a part of the housing-affordability bill, effectively blocking the Federal Reserve from pursuing a digital dollar for the next four years. This decision places the United States in a distinct position compared to other countries that are actively exploring or implementing central bank digital currencies. The implications of this ban are significant for the future of digital currency policy in the United States. It reflects a cautious approach to the adoption of a digital dollar, amid ongoing debates about the potential benefits and risks of CBDCs. Proponents argue that a digital dollar could enhance financial inclusion and streamline payments, while critics raise concerns about privacy and government control. For issuers, custodians, and payment companies, this legislative outcome means that any plans to integrate or support a U.S. CBDC will be on hold until at least 2030. This delay could impact the pace of innovation and adoption of digital currencies in the U.S. financial system. Developers and enterprises focusing on blockchain and digital currency technologies may need to adjust their strategies in light of this new regulatory environment. The ban could also influence international collaborations and the competitive landscape, as other nations continue to advance their CBDC initiatives. Regulators and policymakers will likely continue to monitor the global developments in CBDCs and assess the potential implications for the U.S. economy and financial stability. The conversation around digital currencies is far from over, and this legislative decision adds a new layer of complexity to the ongoing discourse. As the 21st Century ROAD to Housing Act takes effect, stakeholders across the crypto and financial sectors will be watching closely to see how this policy shapes the future of digital currency in the United States. The next steps for the Federal Reserve and other regulatory bodies will be critical in determining the trajectory of digital currency adoption and innovation in the coming years. Stay tuned to Impact Vector for more updates and insights on the evolving landscape of crypto infrastructure and policy.

    4 min

  3. 3d ago

    Stablecoin firm Circle wins final OCC approval to open national trust bank — 2026-07-10

    ## Short Segments Circle secures final OCC approval to open a national trust bank, marking a pivotal moment for stablecoin regulation. Meanwhile, the GENIUS Act is reshaping how US banks handle stablecoin risks, and Pulsar Money is launching a stablecoin payment app on Arc. Binance reports a shift to self-custody in the EU post-MiCA, UK Labour MPs push to ban crypto political donations, North Carolina recognizes CFTC preemption over prediction markets, and Polymarket files for regulated margin trading in the US. The GENIUS Act is forcing US bank boards to confront stablecoin risks. The impending implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, is fundamentally reshaping how American bank boards approach digital assets and regulatory compliance. This legislation, enacted on July 18, 2025, provides the first federal framework for stablecoins, marking a decisive shift in integrating blockchain-based payment infrastructure into the financial system. For banks, this presents both opportunities and challenges as they navigate the new regulatory landscape. The GENIUS Act allows banks to issue stablecoins as a core product line, pushing them to adapt to the digital dollar era. As banks prepare for this transition, they must balance innovation with compliance, ensuring they meet regulatory standards while exploring new digital asset opportunities. This shift could redefine the role of banks in the digital economy, making stablecoins a central part of their offerings. Pulsar Money chooses Arc to launch a stablecoin payment app. Pulsar Money has announced its exclusive launch on Arc, Circle's stablecoin-native Layer 1 blockchain. This move positions Pulsar as one of the first consumer-focused financial applications on the network, aiming to simplify stablecoin use with a mobile experience akin to traditional banking apps. Targeting the European market, Pulsar allows users to hold, spend, and exchange multiple fiat-backed stablecoins from a single app. By leveraging Arc's infrastructure, Pulsar aims to offer a seamless and regulated digital asset experience, potentially broadening stablecoin adoption among everyday users. This development highlights the growing integration of stablecoins into mainstream financial services, offering a glimpse into the future of digital payments. Binance co-CEO reports 70% of EU withdrawals went to self-custody post-MiCA. Following the MiCA deadline, Binance co-CEO Richard Teng revealed that 70% of EU user withdrawals moved to self-custody rather than MiCA-regulated platforms. This statistic raises questions about the effectiveness of MiCA regulations in protecting consumers, as many users opted for less supervised crypto storage solutions. Binance is now exploring new licensing paths in Europe while expanding its regulatory footprint in Asia. This shift underscores the ongoing tension between regulatory compliance and user autonomy in the crypto space, as platforms and users navigate the evolving landscape of digital asset regulation. UK Labour MPs push to permanently ban crypto political donations. Labour MPs in the UK are gathering support for amendments to a key bill that would permanently ban crypto political donations. This move follows a temporary ban enacted in March and comes amid a funding scandal involving Nigel Farage's Reform UK party. The proposed amendments aim to solidify the ban into law, reflecting growing concerns over the influence of crypto wealth in political funding. If successful, this legislation could significantly impact how political campaigns are financed in the UK, potentially reducing the role of crypto donations in the political arena. North Carolina passes a bill recognizing CFTC preemption over prediction markets. North Carolina has become the first US state to recognize the Commodity Futures Trading Commission's exclusive authority over prediction market operators. The new law, signed into effect on July 7, imposes a 6% tax on the net trading revenue of federally regulated prediction market platforms. This approach contrasts with other states that have pursued legal action against prediction markets, highlighting North Carolina's alignment with federal oversight. By acknowledging CFTC preemption, the state sets a precedent for how prediction markets might be regulated across the US, potentially influencing future state and federal regulatory strategies. Polymarket files applications to offer regulated margin trading in the US. Polymarket has filed to offer margin trading in the United States, a move that could allow traders to wager on events with less capital upfront. The application, submitted through its affiliate Coming Home GBA LLC, seeks futures commission merchant registration with the National Futures Association. This step follows Kalshi's earlier approval to provide margin trading, indicating a competitive push in the prediction market space. If approved, Polymarket's offering could attract a more sophisticated class of traders, enhancing the platform's appeal and potentially reshaping the landscape of prediction markets in the US. ## Feature Story Circle wins final OCC approval to open a national trust bank. Circle has received the final green light from the U.S. Office of the Comptroller of the Currency to establish the First National Digital Currency Bank, operating as Circle National Trust. This approval marks a significant regulatory milestone for Circle, placing the bank under direct federal supervision by the OCC. As a national trust bank, Circle National Trust will initially focus on institutional custody services, with plans to manage USDC reserves in a later phase. This development positions Circle to expand its role in the digital currency ecosystem, offering federally regulated services that could enhance trust and adoption among institutional clients. Circle's move follows a trend of crypto firms, including Ripple and BitGo, seeking federal charters to operate as trust banks, reflecting a broader shift towards regulatory compliance and institutional integration in the crypto space. By securing a full charter, Circle not only strengthens its regulatory standing but also sets a precedent for other stablecoin issuers aiming to align with federal banking standards. This approval could pave the way for increased institutional participation in digital currencies, as trust banks offer a regulated framework for managing and transacting stablecoins. Looking ahead, Circle's establishment of a national trust bank could influence how stablecoins are perceived and utilized within the financial system, potentially accelerating their integration into mainstream finance. As Circle prepares to launch its bank, stakeholders will be watching closely to see how this move impacts the broader landscape of digital currency regulation and adoption. With federal oversight, Circle National Trust could become a model for how stablecoin issuers navigate the complex regulatory environment, balancing innovation with compliance to drive the future of digital finance.

    7 min

  4. 4d ago

    PayPal Brings $PYUSD to Polygon to Expand Compliant Stablecoin Payments - Cryptonews.net — 2026-07-09

    ## Short Segments Swift launches a blockchain ledger for tokenized deposit pilot with 17 banks, marking a significant step in cross-border payments. The European Union plans to update MiCA to regulate foreign stablecoin issuers, while CFTC Chair Selig warns of regulatory overreach if the Clarity Act stalls. Sony Bank receives conditional OCC approval for a US trust bank to issue a dollar-backed stablecoin, and Hong Kong's SFC orders crypto platforms to phase out OTP logins. Coming up, PayPal expands its stablecoin $PYUSD to Polygon, aiming to enhance compliant stablecoin payments. Swift launches a blockchain ledger for tokenized deposit pilot with 17 banks. Swift has unveiled a blockchain-based ledger that enables 17 banks to pilot 24/7 cross-border payments using tokenized deposits. This initiative includes major banks like HSBC, UBS, Wells Fargo, and Citi, aiming to facilitate round-the-clock transactions. The new system allows banks to move customer funds overnight and on weekends, addressing the limitations of traditional banking hours. This development is crucial as it marks Swift's transition from concept to activation of a blockchain-based ledger in just nine months. The pilot represents a significant shift towards more efficient and continuous global banking operations, potentially setting a new standard for cross-border payments. PayPal seeks to increase use of PYUSD stablecoin with native issuance on Polygon. PayPal is expanding its blockchain payment strategy by issuing its stablecoin, PYUSD, natively on the Polygon network. This move integrates PYUSD into Polygon's Open Money Stack, providing businesses with direct access to regulated stablecoin payments and settlements. The integration combines wallets, fiat ramps, and compliance tools, allowing companies to accept funds, transfer stablecoins across borders, and convert them into local currencies seamlessly. By leveraging Polygon's infrastructure, PayPal aims to enhance the adoption and utility of PYUSD, positioning it as a key player in the regulated stablecoin market. EU plans MiCA update to regulate foreign stablecoin issuers. The European Union is preparing to revise its Markets in Crypto-Assets (MiCA) regulatory framework to include non-EU stablecoin issuers. This update comes in response to growing pressure from the United States' push for stablecoin legislation. The revision, expected in 2027, aims to address the issue of multiple crypto-asset issuances from non-EU jurisdictions and expand the framework to cover emerging technologies like tokenization. This move highlights the EU's commitment to maintaining a comprehensive regulatory environment for digital assets, ensuring that foreign issuers comply with EU standards. CFTC Chair Selig warns regulators will end up 'writing all the rules' for crypto if Clarity Act stalls. CFTC Chair Michael Selig has cautioned that regulators may end up dictating crypto rules if Congress fails to pass the Clarity Act. The Act, which aims to establish a federal standard for crypto assets, remains within reach despite Congress missing its July 4 target. Selig emphasized the importance of having a unified regulatory framework to replace the current patchwork of state laws. The Clarity Act would divide oversight of digital assets between the CFTC and the SEC, a split the industry has long sought. The outcome of this legislative effort could significantly impact the regulatory landscape for cryptocurrencies in the US. Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin. Sony Bank has received conditional approval from the Office of the Comptroller of the Currency to establish Connectia Trust, a US-based national trust bank. This subsidiary will manage and issue dollar-backed stablecoins, pending final approval. With a capitalization of $40 million, Connectia Trust aims to bring the entire stablecoin lifecycle in-house under a single federal regulator. This move allows Sony to bypass the complexities of state trust charters and money transmitter licenses, streamlining its stablecoin operations. The bank plans to launch the trust bank in 2027, marking a significant step in its digital currency strategy. Hong Kong SFC orders crypto platforms, online brokers to phase out OTP logins. The Hong Kong Securities and Futures Commission (SFC) has mandated that internet brokers and crypto platforms replace one-time password (OTP) logins with passkeys within 12 months. This decision follows a 57% surge in spoofing incidents, highlighting the vulnerabilities of OTP systems. The SFC's directive aims to enhance security by adopting phishing-resistant authentication methods, such as passkeys and device binding. This move is part of a broader effort to combat phishing attacks and protect customer accounts in the rapidly evolving digital asset landscape. ## Feature Story PayPal brings $PYUSD to Polygon to expand compliant stablecoin payments. PayPal has taken a significant step in the stablecoin market by launching its USD-backed stablecoin, PYUSD, natively on the Polygon network. This integration into the Polygon Open Money Stack allows businesses to access regulated stablecoin payments and settlements directly. By leveraging Polygon's infrastructure, PayPal aims to enhance the adoption and utility of PYUSD, providing a seamless experience for businesses to accept funds, transfer stablecoins across borders, and convert them into local currencies. The move is part of PayPal's broader strategy to expand its blockchain payment capabilities and offer a compliant, efficient solution for global transactions. The integration of PYUSD on Polygon is facilitated through a partnership with Paxos, the issuer of the stablecoin. This collaboration ensures that PYUSD is backed by the US dollar, providing stability and trust for users. The Open Money Stack combines wallets, fiat ramps, and compliance tools, creating a comprehensive ecosystem for businesses to manage their digital assets. This development is particularly significant as it addresses the growing demand for regulated stablecoin solutions in the market. PayPal's decision to issue PYUSD natively on Polygon reflects the company's commitment to innovation and compliance in the digital asset space. By choosing Polygon, a prominent blockchain platform known for its scalability and low transaction costs, PayPal is positioning itself to meet the needs of businesses seeking efficient and secure payment solutions. The integration also aligns with PayPal's goal of providing a seamless user experience, as businesses can now access PYUSD through a single integration, simplifying the process of managing digital transactions. This move comes at a time when the stablecoin market is under increased scrutiny from regulators worldwide. By offering a compliant stablecoin solution, PayPal is addressing regulatory concerns and positioning itself as a leader in the digital payment space. The integration of PYUSD on Polygon not only expands PayPal's reach but also sets a precedent for other financial institutions looking to enter the stablecoin market. Looking ahead, the success of PYUSD on Polygon could pave the way for further innovations in the stablecoin sector. As businesses increasingly adopt digital payment solutions, the demand for regulated and efficient stablecoin options is likely to grow. PayPal's strategic move to integrate PYUSD on Polygon positions the company to capitalize on this trend, offering a robust solution that meets the needs of businesses and regulators alike. In conclusion, PayPal's launch of PYUSD on Polygon marks a significant milestone in the evolution of stablecoin payments. By providing a compliant, efficient, and scalable solution, PayPal is setting a new standard for digital transactions, paving the way for broader adoption of stablecoins in the global financial ecosystem.

    9 min

  5. 5d ago

    India central bank seeks to bar financial institutions from exposure to crypto assets: Reuters — 2026-07-08

    ## Short Segments Kazakhstan is making waves in the crypto world as President Kassym-Jomart Tokayev signs a decree to regulate digital assets and establish the country as a global crypto hub. This move aims to overhaul the legal and economic framework for digital assets, enhancing market transparency and attracting foreign investment. Kazakhstan, already a major player in Bitcoin mining, is now positioning itself as a competitive hub for digital technologies. The decree is expected to create high-skilled technology jobs and boost the country's digital asset industry. Circle Ventures is betting on Africa's payment infrastructure to drive stablecoin adoption. The venture arm of Circle has invested in Flutterwave, a leading African payments company, to support the rollout of USDC settlement across its platform. This strategic move highlights the potential of Africa's payment rails in defining the future of stablecoin usage. By integrating USDC, Flutterwave enables businesses to settle transactions in a regulated dollar stablecoin, expanding the reach of stablecoin-powered payments across the continent. Tether is investing $20 million in Mercado Bitcoin to fuel the expansion of blockchain-based financial services in Latin America. This strategic financing round aims to enhance Mercado Bitcoin's offerings, which include trading, tokenized investment products, and stablecoin-powered payments. As Latin America experiences a tokenization boom, Tether's investment underscores the region's growing importance in the global crypto landscape. The collaboration is set to accelerate the adoption of blockchain technology in financial services across the region. BNB Chain is developing a new Layer 1 blockchain for agentic trading, targeting a 2027 mainnet launch. This new chain aims to provide a faster execution environment for automated trading strategies and onchain systems, with sub-50ms preconfirmation and no public mempool. The initiative will run alongside existing BNB networks, offering lower latency for applications that demand speed. A testnet is expected by the end of 2026, marking a significant step in BNB Chain's infrastructure evolution. ## Feature Story India's central bank is pushing for a ban on financial institutions' exposure to crypto assets, signaling a potential shift in the country's regulatory landscape. The Reserve Bank of India (RBI) has reiterated its support for tighter restrictions on digital assets, advocating for a policy that leans towards prohibition. This stance comes amid concerns about the economic threats posed by virtual digital assets (VDAs) and the challenges of tracking offshore crypto trading. The RBI's position was presented to the Parliamentary Standing Committee on Finance, highlighting the central bank's apprehensions about the legalization of cryptocurrencies. Despite the absence of a formal policy to ban or regulate VDAs, key Indian agencies are showing a preference for stricter curbs. This development reflects ongoing tensions between the need for regulatory oversight and the burgeoning crypto market in India. India's approach to crypto regulation has been marked by uncertainty, with cryptocurrencies existing in a grey zone. The central bank's call for prohibition underscores the challenges faced by regulators in balancing innovation with economic stability. As the government deliberates on its policy stance, the implications for financial institutions and the broader crypto ecosystem remain significant. For issuers, custodians, and payment companies, the potential ban could limit their operations and access to the Indian market. Developers and enterprises may face increased compliance burdens, while end users could see restricted access to crypto services. The RBI's push for prohibition highlights the ongoing global debate over the regulation of digital assets and the role of central banks in shaping the future of finance. As India navigates its regulatory path, the crypto industry will be watching closely for any policy shifts that could impact market dynamics. The outcome of this regulatory push could set a precedent for other countries grappling with similar challenges. Stakeholders should stay informed and prepared for potential changes in the regulatory environment, as the implications for the global crypto infrastructure could be far-reaching.

    5 min

  6. 6d ago

    From Stablecoins to Tokenized Deposits: IMF Reveals the Next Evolution of Global Finance - Devdiscourse — 2026-07-07

    ## Short Segments Galaxy Digital completes a major milestone, delivering 133 megawatts of critical IT load to CoreWeave at its Helios campus in West Texas. This marks the transition of the site from construction to commercial operation, as Galaxy begins earning lease revenue under a 15-year agreement. Also, Coinbase secures a UK investment services license, expanding its offerings to include derivatives and equities trading. Coming up, we'll explore how the IMF envisions tokenization reshaping global finance. Galaxy Digital delivers 133 megawatts of critical IT load to CoreWeave as Helios bitcoin mine turns AI hub. Galaxy Digital has successfully transitioned its Helios campus in West Texas from construction to commercial operation, delivering 133 megawatts of critical IT load to CoreWeave. This delivery completes Phase I of the site's AI conversion, marking a significant step in Galaxy's strategy to build AI infrastructure. The 15-year agreement with CoreWeave allows Galaxy to begin earning lease revenue, with payments starting in the second quarter of 2026. This development not only highlights Galaxy's capability to meet its project timelines but also positions the company as a key player in the AI infrastructure space. As Phase II development continues, the Helios campus is set to further expand its capacity, reinforcing Galaxy's commitment to innovation in digital assets and data center infrastructure. Coinbase secures UK investment services license to add derivatives and equities trading. Coinbase has obtained a UK investment services license, allowing it to expand its offerings to include derivatives and equities trading. This move enables Coinbase to provide institutional and advanced traders with access to derivatives, while retail users can now trade equities. The license marks a significant expansion for Coinbase in the UK market, broadening its scope beyond traditional spot trading. By securing this authorization, Coinbase strengthens its position as a comprehensive financial platform, catering to a diverse range of trading needs. This development reflects Coinbase's ongoing efforts to enhance its regulatory compliance and expand its global footprint, offering more diversified financial products to its users. ## Feature Story From stablecoins to tokenized deposits, the IMF reveals the next evolution of global finance. The International Monetary Fund (IMF) has released a report highlighting the transformative potential of tokenization in global finance. Tokenization, which involves representing assets like stocks, bonds, and bank deposits on blockchain ledgers, promises to make financial transactions faster and cheaper. By enabling instant trades, ownership transfers, and payments through smart contracts, tokenization could streamline financial markets and enhance efficiency. However, the IMF warns that this transformation comes with risks. The removal of time buffers that traditionally slow the spread of financial shocks could make tokenized finance more susceptible to sudden market crises. The IMF emphasizes the need for strong regulation, interoperability, and central bank involvement to mitigate these risks and ensure financial stability. Tobias Adrian, director of the IMF's Monetary and Capital Markets Department, notes that the impact of tokenization on the financial system will depend on policy decisions regarding money, market infrastructure, and legal frameworks. The IMF urges governments, development partners, and private-sector stakeholders to build secure legal frameworks and modern digital infrastructure to support innovation while safeguarding against systemic risks. This acknowledgment from a global policymaker underscores the growing recognition of blockchain-based infrastructure as a mainstream component of financial markets. As tokenization continues to gain traction, the focus will be on developing robust regulatory frameworks that balance innovation with stability. Looking ahead, the success of tokenized finance will hinge on the ability of stakeholders to collaborate and create a cohesive ecosystem that supports both technological advancement and financial security. The IMF's report serves as a call to action for policymakers and industry leaders to navigate the complexities of this evolving landscape and harness the potential of tokenization to reshape global finance.

    5 min

  7. Jul 6

    UAE Central Bank approves dirham stablecoin for retail use - Digital Watch Observatory — 2026-07-06

    ## Short Segments UAE's Central Bank gives the green light to a dirham-backed stablecoin for retail use, marking a significant shift in the region's digital currency landscape. In today's episode, we'll explore how AX Coin is partnering with Bank of Bahrain and Kuwait to advance stablecoin infrastructure, Bridge's expansion across the EU with new licenses, and Ripple's full MiCA authorization for crypto services. We'll also look at the surge in euro stablecoins post-MiCA and a new partnership boosting stablecoin payments in APAC. But first, let's dive into AX Coin's latest move. AX Coin partners with Bank of Bahrain and Kuwait to advance stablecoin infrastructure. AX Coin, a subsidiary of SOLOWIN HOLDINGS, has signed a Memorandum of Understanding with the Bank of Bahrain and Kuwait to explore regulated stablecoin infrastructure for institutional banking. This partnership aims to develop a framework supporting institutional payments, treasury operations, and cross-border settlements. As stablecoins continue to gain traction, this collaboration could pave the way for more robust and regulated digital asset ecosystems in the region. For AX Coin, this move represents a strategic step in bridging traditional and digital finance, potentially enhancing the efficiency and security of financial transactions. The partnership highlights the growing interest in stablecoins as a viable solution for modern banking needs, especially in regions looking to integrate digital assets into their financial systems. SOLOWIN HOLDINGS' AX Coin and BBK sign MOU to explore stablecoin infrastructure in Bahrain. In a parallel development, SOLOWIN HOLDINGS' AX Coin has also signed an MOU with the Bank of Bahrain and Kuwait to explore stablecoin infrastructure. This agreement underscores the increasing momentum behind stablecoins in the Middle East, as financial institutions seek to leverage digital currencies for enhanced operational efficiency. The collaboration aims to create a regulated environment for stablecoin use, which could significantly impact institutional banking by providing a secure and efficient means of conducting transactions. As the regulatory landscape evolves, partnerships like this are crucial for establishing trust and compliance in the digital asset space. Bridge secures MiCA and EMI licenses for full EU expansion. Bridge, a stablecoin infrastructure company owned by Stripe, has obtained both a Markets in Crypto-Assets (MiCA) authorization and an Electronic Money Institution (EMI) license in Luxembourg. These dual approvals allow Bridge to offer regulated stablecoin services across all 27 EU member states. This development is significant as it provides a unified regulatory framework for stablecoin issuance and euro-denominated payment services, potentially increasing adoption and integration of digital assets in the European financial system. For businesses, this means more opportunities to leverage stablecoins for cross-border transactions and financial operations within a compliant and secure environment. Ripple secures full MiCA CASP authorization for crypto services across 30 EEA countries. Ripple has achieved full MiCA Crypto-Asset Service Provider authorization from Luxembourg, enabling it to offer regulated crypto services across all 30 European Economic Area countries. This authorization marks Ripple as fully compliant under the EU's Markets in Crypto-Assets Regulation, positioning it as a key player in the European digital asset market. For Ripple, this means expanded opportunities to provide payment solutions and financial services to a broader audience, reinforcing its commitment to regulatory compliance and innovation in the crypto space. MiCA euro stablecoins surge post-transitional period. The euro stablecoin market has experienced significant growth following the end of the EU's MiCA transitional period. With regulatory clarity now in place, euro-denominated stablecoins have surged, reaching approximately $900 million in mid-2026. This growth reflects a consolidation of the market under MiCA, rather than a surge in retail adoption, highlighting the importance of compliance in the digital asset space. For issuers and financial institutions, this means a more stable and predictable environment for euro stablecoin operations, potentially driving further innovation and adoption in the sector. Digital business service TP and Singapore's dtcpay to jointly boost stablecoin payment across APAC. TP, a global digital business services company, has partnered with Singapore-based dtcpay to enhance stablecoin payment services across the Asia-Pacific region. This collaboration aims to provide 24/7 multilingual support, leveraging TP's AI-powered customer experience platform to improve productivity and operational efficiency. For dtcpay, this partnership represents an opportunity to expand its stablecoin-enabled payment offerings, potentially increasing adoption and integration of digital payments in the APAC region. As stablecoins continue to gain traction, such partnerships are crucial for scaling operations and meeting the growing demand for digital payment solutions. ## Feature Story UAE Central Bank approves dirham stablecoin for retail use, signaling a new era for digital currency in the region. The UAE Central Bank has granted a no-objection certificate to the DDSC, a dirham-backed stablecoin, allowing it to be used for retail transactions on regulated exchange platforms. Developed by Abu Dhabi’s International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, DDSC aims to challenge the dominance of U.S. dollar stablecoins by offering a 1-to-1 dirham peg. This approval marks a significant milestone in the rollout of DDSC, paving the way for broader adoption of a regulated UAE dirham-backed digital currency. The move comes as part of the UAE's broader strategy to integrate digital currencies into its financial system, providing consumers with easier access to digital transactions. By allowing DDSC to operate on platforms regulated by the Virtual Assets Regulatory Authority (VARA), the UAE is positioning itself as a leader in the digital currency space, offering a secure and compliant environment for stablecoin use. This development is expected to boost consumer confidence and drive the adoption of digital currencies for everyday transactions. For issuers and financial institutions, the approval of DDSC represents a new opportunity to engage with digital assets in a regulated manner. The stablecoin's institutional-scale capabilities, demonstrated by over Dh150 million transacted to date, showcase its scalability and operational readiness. As the UAE continues to embrace digital innovation, the introduction of a dirham-backed stablecoin could set a precedent for other countries looking to integrate digital currencies into their financial ecosystems. Looking ahead, the success of DDSC could influence the global stablecoin market, encouraging other regions to explore similar initiatives. As digital currencies become more mainstream, the regulatory frameworks established by pioneering countries like the UAE will play a crucial role in shaping the future of digital finance. For now, the approval of DDSC marks a significant step forward in the UAE's digital currency journey, offering a glimpse into the potential of stablecoins to transform the financial landscape.

    8 min

  8. Jul 5

    UAE dirham-backed stablecoin DDSC now more accessible for retail transactions - thenationalnews.com — 2026-07-05

    ## Short Segments Today, the UAE's dirham-backed stablecoin DDSC becomes more accessible for retail transactions, marking a significant step in the region's digital currency landscape. We'll explore how this development impacts consumers and the broader financial ecosystem. Coming up, we'll dive into the details of DDSC's approval to operate on regulated exchange platforms and what it means for the future of digital payments in the UAE. ## Feature Story The UAE's dirham-backed stablecoin, DDSC, is now more accessible for retail transactions, following a key regulatory approval. This development is a result of DDSC receiving a No Objection Certificate from the Central Bank of the UAE, allowing it to operate on exchange platforms regulated by the Virtual Assets Regulatory Authority, or VARA. Developed through a collaboration between Abu Dhabi’s International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, DDSC has already demonstrated its institutional-scale capabilities with over 150 million dirhams transacted to date. The approval marks a major milestone in the rollout of DDSC, paving the way for broader adoption of a regulated UAE dirham-backed digital currency. For consumers in the UAE, this means easier access to use DDSC for everyday transactions, potentially transforming how digital payments are conducted in the region. The stablecoin's integration into VARA-regulated platforms ensures compliance with local regulations, providing a secure and reliable option for digital transactions. This move is expected to boost confidence among users and encourage more widespread use of digital currencies in the UAE. By aligning with regulatory standards, DDSC sets a precedent for other digital currencies looking to gain traction in the region. The collaboration between major financial institutions and regulatory bodies highlights the importance of a coordinated approach to digital currency adoption. As the digital currency landscape continues to evolve, the successful integration of DDSC into the UAE's financial ecosystem could serve as a model for other countries exploring similar initiatives. Looking ahead, the focus will be on monitoring the adoption rate of DDSC and its impact on the broader financial market. Stakeholders will be keen to see how this development influences consumer behavior and the overall acceptance of digital currencies in everyday transactions. For now, the approval of DDSC represents a significant step forward in the UAE's journey towards a more digital and interconnected financial future. As we continue to track this story, we'll keep an eye on how DDSC's increased accessibility shapes the digital payment landscape in the UAE and beyond.

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