Group 1: Launch of qivalis - A coalition of ten major European banks has launched a new Amsterdam-based company called qivalis to create a euro-pegged stablecoin aimed at countering the dominance of US digital-dollar systems [1] - The consortium includes major banks such as ING, UniCredit, BNP Paribas, and others, with a goal to establish a regulated European alternative to USD-focused tokens like USDT and USDC, which currently have a market cap of $261 billion [1] Group 2: Leadership and Licensing - Jan-Oliver Sell, previously with Coinbase, has been appointed as CEO of qivalis, with Floris Lugt from ING as CFO and Howard Davies as board chair [2] - The company plans to secure an Electronic Money Institution license from the Dutch central bank, a process expected to take six to nine months, aiming to launch the euro-backed stablecoin in early 2026 [2] Group 3: Competitive Landscape - The United States is accelerating its stablecoin expansion under the GENIUS Act, which promotes dollar-backed token issuance to enhance US monetary influence abroad [3] - qivalis aims to reclaim monetary ground for Europe, positioning itself to compete with established players like Tether and Circle [3] Group 4: Systemic Risks of Stablecoins - The Swedish central bank has released a report analyzing systemic risks associated with widespread stablecoin adoption, warning of potential impacts on the traditional banking sector if households shift savings into private digital assets [4] - Concerns include higher funding costs for banks, tighter lending conditions, and upward pressure on mortgage and business loan rates [4] Group 5: Regulatory Environment - The report highlights issues such as fire-sale dynamics during redemption waves, inconsistencies in issuer guarantees, and competition among private currencies that may trade at discounts [5] - Although the MiCA regulation provides a legal framework for stablecoins backed by central-bank reserves, access to settlement accounts remains restricted by the European Central Bank and national central banks [5][6] Group 6: Poland's Regulatory Stance - Poland's President vetoed a crypto bill that would align the country with EU crypto regulations, citing concerns over civil freedoms and the potential negative impact on small businesses due to regulatory fees [7]

The Morning Minute (12.2)Powered by @yeet⏰Top News:-Crypto majors rebound after selloff; BTC at $87,400-Saylor’s Strategy announced a $1.44B USD Reserve to cover debt payments-Vanguard finally opens doors to crypto ETFs starting today-House Republicans release 50-page report on Operation Chokepoint 2.0-Myriad partners with Trust Wallet to bring prediction markets native in-wallet🌎 Macro Crypto and Memes-Crypto majors are green and reversing yesterday’s selloff; BTC 2% at $87,400; ETH even at $2,820, BNB +2% ...

Core Insights - Klarna has launched a new feature called Tap to Pay across 14 European markets, transforming its app into a contactless wallet for in-store purchases [1][2][5] Group 1: Product Launch and Features - Tap to Pay utilizes NFC technology, allowing consumers to set up flexible payment plans and make payments with a single tap within the Klarna app [3][5] - The feature is now available in Germany, Italy, Spain, France, the Netherlands, Finland, Belgium, Austria, Ireland, Portugal, Norway, Poland, Denmark, and Sweden, supporting both iOS and Android devices [6] Group 2: Market Context and Adoption - Over 80% of European shopping occurs in physical stores, making Tap to Pay a significant enhancement by bringing online shopping convenience to brick-and-mortar locations [2] - The launch builds on the success of the Klarna Card, which has over 4 million users and is accepted at more than 150 million merchant locations globally [4] Group 3: Company Overview - Klarna is a global digital bank with over 114 million active users and processes approximately 3.4 million transactions daily [7] - The company aims to empower consumers to pay smarter and is trusted by over 850,000 retailers, including major brands like Uber, H&M, and Nike [7]

LATEST: 🇰🇷 South Korean lawmakers have set a Dec. 10 deadline for financial regulators to submit a draft stablecoin bill, warning they will legislate independently if the deadline is missed. https://t.co/B374pMH2vP ...

🚨 TODAY: Aptos saw the largest stablecoin supply inflows in the last 24 hours, adding $426.8M, per Artemis data. https://t.co/FdQsDHx7Ar ...

South Korea's ruling party issues ultimatum on stalled stablecoin bill: report https://t.co/SL4sJ3to6J ...

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Core Viewpoint - VCI Global Limited is undergoing a strategic transformation to focus on high-growth sectors such as AI infrastructure, stablecoin payment solutions, and digital asset advisory services in the ASEAN and MENA regions, aiming to enhance long-term shareholder value [1][6]. Group 1: High-Growth Pillars - The company is streamlining operations around three main pillars: AI Infrastructure & Consulting, Stablecoin Infrastructure & Settlement Rails, and Digital Asset & RWA Consultancy [2]. - AI Infrastructure & Consulting will be delivered through V Gallant Limited, offering enterprise-grade AI solutions and meeting the demand for digital transformation in emerging markets [2]. - Stablecoin initiatives will be advanced through Smart Bridge Technologies Limited, focusing on USDT-powered payment rail integration and real-time settlement infrastructure [2]. - Digital Asset & RWA Consultancy will provide advisory services for tokenization and corporate fundraising, targeting institutional clients [2]. Group 2: Spin-Off and Carve-Out Strategies - VCI Global plans to spin off non-core businesses through separate IPOs while retaining a 30% stake in each to maintain long-term value [3]. - The spin-off pipeline includes the capital markets consultancy arm, real estate division, energy unit, and fintech operations [3]. - A carve-out IPO of V Gallant is also in progress, with a special dividend of 10% of V Gallant's share capital to be distributed to shareholders [4]. Group 3: Global Stablecoin Ecosystem - The company is strengthening its role in the global stablecoin ecosystem through partnerships with Oobit and Tether, focusing on integrating stablecoin payment solutions and building settlement rails [5]. - Priority deployment will target the ASEAN and MENA regions, which are identified as high-growth areas for digital commerce and alternative payments [5]. - The establishment of the Oobit Treasury aims to enhance the Oobit ecosystem and promote merchant acceptance of stablecoin payments [5].

RT Token Terminal 📊 (@tokenterminal)Stablecoin market cap on Ethereum surpasses $180 billionNote: the data shows natively issued stablecoins on respective chain. https://t.co/OH3UR2vs4t ...

RT BSCN (@BSCNews)🚀 SONY BANK MOVES TO LAUNCH A USD BACKED STABLECOIN FOR GAMES AND ANIME!Payments for PlayStation titles, mobile games, and digital content could shift to a dollar token by 2026. Crucial details 👇https://t.co/UjKVl3s7xw ...