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The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times.
The move follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises concerns inside European institutions about the euro’s role in digital payments.
The European...
Crypto firm Ripple has revealed plans to expand its RLUSD stablecoin into Japan by 2026.
On Aug. 22, the stablecoin issuer announced that it had signed a memorandum of understanding with SBI VC Trade, a Japanese financial powerhouse SBI Holdings subsidiary.
According to the statement, SBI would distribute RLUSD in Japan and work with Ripple to “build a safe and transparent financial...
Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $1 million by 2030,
In an Aug. 20 post on X, Armstrong explained that the improved regulatory environment and increasing government adoption are major drivers that would push the top crypto to the historic milestone.
According to him:
“Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a...
Allianz declared Bitcoin (BTC) a “credible store of value” in a recent investment report, marking the first time the $2.5 trillion asset manager has endorsed digital assets as a legitimate institutional investment.
The report, titled “Bitcoin and Cryptocurrencies: The Future of Finance,” represents a dramatic shift from Allianz’s 2019 policy against Bitcoin investments.
The German investment...
State Street launched its first digital debt securities using JPMorgan’s Digital Debt Service, executing a $100 million commercial paper transaction.
According to an Aug. 21 statement, State Street Investment Management purchased the commercial paper for its Short Term Investment Fund.
The debt securities are issued, settled, and serviced using blockchain technology, delivering streamlined...
Pennsylvania lawmakers introduced new legislation on Aug. 20 that will require public officials to disclose digital asset holdings exceeding $1,000 and divest anything above that threshold within 90 days of the bill coming into effect.
The legislation also prohibits officials from conducting crypto transactions during their term and for one year after leaving office.
The bill, HB1812, amends...
Justice Department (DOJ) Criminal Division head Matthew Galeotti declared that writing code without criminal intent does not constitute a crime, providing crypto developers and smart contract creators with clearer boundaries on criminal liability.
During remarks at the American Innovation Project Summit on Aug. 21, Galeotti stated:
“Our view is that merely writing code without ill intent is not a...
Stablecoins could swell to a $1.2 trillion market by 2028 and begin exerting pressure on U.S. debt markets, according to an Aug. 21 Coinbase report.
The projection, based on thousands of growth simulations, outlines a path for the market to expand nearly 5x from its current size of $270 billion.
The report comes as the sector faces increasing regulatory oversight while also embedding itself more...
Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital.
The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs.
Bitcoin has historically followed M2 peaks with performance lags, particularly when paired with...
MetaMask, the widely used self-custodial wallet, has revealed plans to launch its own stablecoin, MetaMask USD (mUSD), later this year.
According to an Aug. 21 statement, mUSD will initially debut on Ethereum and Linea L2, where it will become a key component of Linea’s growing DeFi ecosystem.
The project will be developed in collaboration with Bridge, a Stripe-owned stablecoin issuer, and M0, a...