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Bishkek has ordered the liquidation of its state-run gold-backed stablecoin USDKG and its issuer EVA, after the UK sanctioned the company over alleged ties to a Russian sanctions-evasion network.
Open USD went live on October 30 backed by commitments from Coinbase, Mastercard, Shopify, Stripe and Visa exceeding $1 billion, yet dashboards from Bridge and DeFiLlama show circulating supply closer to $480-490 million, a gap that sits uneasily with stablecoin transparency expectations in Europe.
More than 50,000 supporters of Stand With Crypto EU have written to the European Commission asking it to lift MiCA's ban on stablecoin interest and rewards, as the European Central Bank pushes to extend the restriction to crypto lending and staking.
A seven-day live test moved $750,000 in obligations between Lloyds Banking Group and Visa using the stablecoin USDC, with funds reaching Visa in under an hour, including over a weekend.
AllUnity, licensed as an electronic money institution by BaFin, has launched USDAU, a dollar-pegged stablecoin built for institutional clients under the EU's MiCA regime, live across six blockchain networks.
HSBC has confirmed the name of its forthcoming Hong Kong dollar stablecoin, RedCoin, alongside survey data showing gaps in customer understanding of how such tokens work.
Tether says it has frozen roughly $550 million in USDT linked to the Central Bank of Iran and sanctions-evasion networks, acting in coordination with the US Treasury's Operation Economic Outcast.
A working paper by former ECB official Ulrich Bindseil and Circle's Patrick Hansen says MiCA's circulation conditions are isolating EU stablecoin holders from the dollar-dominated global market, and proposes an equivalence regime with regimes such as the US GENIUS Act.
Qivalis, a consortium of European banks, is preparing to bring a euro-denominated stablecoin to market before the end of the year, with the token expected to run on the Ethereum blockchain.
Tether blacklisted ten Tron addresses holding nearly $39.3 million in USDT tied to Xinbi Guarantee, a Chinese escrow platform flagged by blockchain analytics firms as major illicit finance infrastructure. Xinbi has since redirected deposits to a USDD address.
Two Thai businessmen are taking Tether to court, alleging the stablecoin issuer froze about $42.4 million in USDT in October 2025 without a court order, months before a formal seizure order followed.
A group of 21 international banks, including Goldman Sachs, UBS and Bank of America, is preparing a jointly issued dollar stablecoin, with a euro token to follow, targeting cross-border payments and digital asset settlement.
A 21-strong consortium of global banks, including three major European lenders, is preparing a dollar-pegged stablecoin for 2027, with plans to extend the project to the euro and other G7 currencies.
A year after MiCA's full implementation, around 20 euro-pegged stablecoins have won regulatory approval, yet daily trading volumes remain a fraction of their dollar counterparts, with Revolut's new EURR token entering an already crowded and thin market.
The UK government plans to give the Bank of England a new secondary objective to support innovation in payments and digital money, including stablecoins, with amendments to the Financial Services and Markets bill due before the House of Lords this month.