The U.S. Financial Services Oversight Council has issued a stark warning in its 2024 annual report. Which is emphasizing the potential risks that stablecoins pose to the financial system’s stability. FSOC Warns of Stablecoin Risks The FSOC’s report, published on December 6. Which highlighted that stablecoins remain “acutely vulnerable to
Central Bank of Brazil Proposes Restrictions Brazil’s Central Bank (BCB) has proposed new rules that could change how people use stablecoins. The proposal suggests banning centralized crypto exchanges from letting users withdraw stablecoins, like Tether (USDT), to self-custody wallets. Users store their digital assets in these wallets instead of relying
Singapore Gulf Bank’s $50 Million Fundraising Plan Singapore Gulf Bank Seeks $50 Million to Expand with Stablecoin Acquisition. It’s a blockchain-focused digital bank. Which plans to raise $50 million in 2025 to acquire a stablecoin payments company. This strategic move reflects the bank’s focus on expanding its services and strengthening.
