Singapore to Roll Out Stablecoin Regulations, Expand CBDC Trials► https://t.co/M5BoF0Rp1J https://t.co/M5BoF0Rp1J ...

According to Bloomberg, Bank of England Deputy Governor Sarah Breeden stated that the UK’s rollout of stablecoin regulations will keep pace with the United States, in response to concerns over falling behind. The Bank of England plans to introduce a regulatory framework that includes temporary holding limits of £20,000 for individuals and £10 million for businesses. https://t.co/QbNoOPbhe7 ...

Core Insights - The crypto sector and Wall Street financial giants are rapidly establishing stablecoin infrastructure ahead of U.S. regulatory frameworks [1][5] - Federal Reserve Governor Michael Barr highlighted the risks associated with nominally safe assets, emphasizing the vulnerability of private money to run risks [2][4] Regulatory Environment - The banking regulators have yet to draft rules for the recently passed GENIUS Act, leaving the stablecoin industry in an unregulated gray area [5] - Barr cautioned about the historical issues with private money lacking sufficient safeguards, referencing the 2008 Reserve Primary Fund incident [4] Market Dynamics - Tether's USDT, the leading stablecoin, operates offshore under a reserve approach that may not meet upcoming U.S. standards, although Tether plans to enter U.S. markets [5] - Stablecoin issuers have a strong incentive to maximize returns on reserve assets, which can lead to increased risks during market stress [6]