Conflux to Launch Offshore Yuan Stablecoin, CFX Jumps 57%
China’s Conflux Network plans to issue an offshore yuan-pegged stablecoin in partnership with AnchorX and Eastcompeace Technology, per a Shanghai government report.
UK Central Bank Chief Rejects Stablecoins, Favors Tokenized Deposits
Bank of England Governor Andrew Bailey has warned that private stablecoins risk destabilizing the financial system, urging banks to focus on tokenized deposits instead.
Ripple’s Stablecoin Gains Traction Amid Crypto Banking Push
Ripple’s RLUSD has crossed the $500 million market cap threshold, marking a significant milestone for the seven-month-old stablecoin.
Bankruptcy Judge Greenlights Celsius’ $4.3B Lawsuit Against Tether Over Collateral Dispute
A New York bankruptcy judge has ruled that Celsius can advance most of its $4.3 billion lawsuit against Tether, the stablecoin issuer.
Circle Applies for US Banking License
Fresh off a red-hot IPO, Circle Internet Group is making waves again—this time by applying for a US national banking license.
South Korea’s CBDC Trials Stumble as Banks Push Back Over Costs
South Korea’s digital currency project is in jeopardy after participating banks protested the high costs, prompting the central bank to postpone further testing.
Hong Kong Bets Big on Tokenization: New Stablecoin Laws & Digital Bond Plans
Hong Kong is pushing deeper into blockchain adoption with fresh regulations for stablecoins and plans to scale tokenized assets.
