StableCoins

ESMA Sets January Deadline for Non-Compliant Stablecoins
ESMA extends MiCA guidance to all crypto services involving non-compliant stablecoins, with limited exit routes and a January deadline for legacy holdings.

Open USD Goes Live as Stripe Aims to Make It Its Default Stablecoin
Open USD, the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Sept. 30. On the same day Stripe said businesses running on Stripe can now…

Sivar App Brings $2 Stablecoin Transfers to El Salvador as Bitcoin Office Rules Out State Wallet
El Salvador has a new app for sending money home. On 29 September, the government and the Palo Alto company Modveon announced the national launch of Sivar, which combines identity-verified…

HSBC Names Its Hong Kong Dollar Stablecoin RedCoin, Launch Due by Year-End
HSBC has picked a name for its Hong Kong stablecoin. On 30 September the bank announced HSBC RedCoin, a Hong Kong dollar token it plans to launch in the second…

UK FCA Opens Crypto Authorisation Window, Sets February 2027 Deadline
Crypto firms can now apply to the UK’s Financial Conduct Authority for full authorisation. The regulator opened its gateway on 30 September and told firms that intend to keep operating…

Illinois Draft Rules Explain Which Crypto Moves Face Its 0.2% Tax
Illinois has posted draft rules for its 0.2% digital asset tax: stablecoins and bridging are covered, NFTs are not, and most DeFi trades are exempt.

Coinbase Lets US Users Borrow Up to $100K Against HYPE and ZEC
Coinbase added HYPE and ZEC to the tokens its customers can borrow against, saying on 29 September that users can “instantly borrow up to $100k” in USDC, The Defiant reported.…

Morgan Stanley Sets Up Digital Asset Lab to Test Stablecoins and DeFi
Morgan Stanley has set up a Digital Asset Lab to test stablecoins, tokenized deposits, money-market funds and DeFi vaults, Bloomberg reports.

ECB Invites Firms to Test AI Agents and Micropayments for the Digital Euro
The ECB has opened a new digital euro innovation wave covering AI agents, micropayments and conditional payments, with applications due Nov. 9.
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