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China has doubled down on its hardline crypto stance, issuing a fresh multi-agency directive that tightens enforcement and explicitly bans unauthorized overseas token issuance and yuan-linked stablecoins, Bloomberg reported on Feb. 5, 2026. Beijing Moves to Close Crypto Loopholes With New Multi-Agency Notice China’s central bank, the People’s Bank of China (PBOC), reportedly joined seven … Read more
A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and fintech firms—Luno, Sanlam Specialised Asset Management, Easyequities, and Lesaka—has unveiled ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the South African rand. The partners describe … Read more
Wintermute founder Evgeny Gaevoy offered a blunt assessment of crypto’s current condition on Wednesday, arguing that the industry has stalled on substance even as speculation continues to dominate attention. Gaevoy Criticizes Stablecoins, Perp Exchanges, and Token Design In a thread published on X on Feb. 4, 2026, Gaevoy, CEO of market-making firm Wintermute, dismissed ongoing … Read more
On Wednesday, Fidelity Investments’ digital currency arm Fidelity Digital Assets announced it launched its first stablecoin, the Fidelity Digital Dollar (FIDD), marking the firm’s formal entry into the U.S. dollar–pegged digital currency market. Fidelity Launches USD-Pegged Stablecoin on Ethereum Network Fidelity Investments, which oversees more than $12 trillion in assets under administration, introduced the Fidelity … Read more
New York Attorney General Letitia James and four district attorneys warned that the GENIUS Act gives stablecoin issuers legal cover to profit from fraud while failing to require the return of stolen funds to victims. According to the letter, first reported on by CNN’s Allison Morrow, addressed to Senate Democratic leaders, James and prosecutors including … Read more
Over the past two weeks, the stablecoin economy trimmed $6.22 billion after topping out at an all-time high of $311.333 billion. Just this past week, the sector edged lower by 1.21%, shaving off another $3.748 billion. Stablecoin Sector Trims Billions The stablecoin, or fiat-pegged token economy, according to defillama.com stats, is in the red this … Read more
OSL Group secures $200 million equity financing to fund global stablecoin, payments growth, acquisitions, and infrastructure. OSL Group (HKEX: 863) announced on January 29, 2026 in Hong Kong a $200 million (approximately HK$1.56 billion) equity financing to bolster its balance sheet and accelerate expansion of its stablecoin trading and payment platform, support strategic acquisitions, and … Read more
Tether’s latest attestation shows the world’s largest stablecoin issuer held more assets than liabilities at the end of 2025, according to an independent assurance report released Jan. 30. Tether Confirms Reserve Coverage in ISAE 3000R Assurance Report The report, prepared by BDO Advisory Services under the ISAE 3000R standard, covers Tether International, S.A. de C.V.’s … Read more
RLUSD is gaining momentum as independent audits confirm full reserve backing, regulatory alignment, and growing institutional confidence, strengthening its position across crypto and traditional markets while signaling deeper liquidity, wider adoption, and rising trust. RLUSD Audit Fuels Institutional Confidence and Market Expansion Ripple’s senior vice president of stablecoins, Jack McDonald, who is also CEO of … Read more
Universal announces USDU as the first USD‑backed stablecoin registered by the Central Bank of the United Arab Emirates for compliant digital‑asset settlement. Universal Digital Intl Limited, regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), announces in Abu Dhabi on Jan. 29, 2026, that USDU is registered by the Central … Read more
