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Uzbekistan is testing a government bond-backed stablecoin for payments. Humo Digital will trial HUMO transactions with more than 20 merchants in a sandbox overseen by NAPP and the central bank.
South Korea’s budget office says stablecoin adoption could save merchants up to $3.8 billion annually, but warns it may weaken banks’ credit-intermediation role and put token pegs under pressure during mass redemptions.
The UK’s FCA is reportedly weighing whether to lift its ban on prediction markets and binary options for retail investors. Companies have been prohibited from selling, marketing or distributing the products in the UK since 2019.
Bitcoin started the week flat, while LINK reached an eight-month high after Bottomline selected Chainlink to connect more than 600 banks to blockchain settlement. Bottomline provides SWIFT services and processes $16 trillion annually.
The Philippines’ central bank is considering a proposal to pause new payment operator registrations and impose enhanced monitoring and transaction limits on arrangements involving virtual asset service providers, Cointelegraph reported.
Good Entry, Limitless and APX Finance could face separate off-chain votes over exclusion from future Arbitrum DAO programs. CryptoSlate said any combined figure is not a single repayable balance or evidence of a joint obligation.
Decrypt says stablecoin adoption could be limited by a shortage of trusted, regulated infrastructure. As institutional interest grows, banking support is identified as a key requirement for the sector to scale.
A Bank of Korea study links buying pressure in dollar-backed stablecoins and Binance-paired currencies with local-currency depreciation, citing market makers’ efforts to balance positions as a possible channel.
a16z-backed OpenReserve received approval for a full-service national bank charter. The startup chose this route over a trust-bank structure, opening a path to insured deposits and conventional lending alongside stablecoin issuance.
Hargreaves Lansdown has opened retail access to crypto ETNs after the FCA lifted its ban on retail crypto exchange-traded products in October, reversing the platform’s previous stance on the products.
