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According to CoinDesk, the Swedish central bank is pushing lawmakers to reconsider the necessity of issuing an electronic krona (e-krona), believing that with the development of foreign stablecoins and the digital euro, the use of the Swedish krona in the payment system may face long-term pressure.Per Jansson, the Deputy Governor of the Swedish central bank, stated that if cash becomes further digitized and the Swedish krona lacks a convenient digital form, the local currency may struggle to compete with digital payment tools that can be used across borders. Although the central bank has not yet decided whether to officially issue an electronic krona, it hopes to initiate preparations at the legislative level as soon as possible, as the related institutional and technical work is expected to take at least 5 years.

Recently, according to the latest weekly report jointly released by RWA Foundation and Token Terminal, from October 12 to 19, the market capitalization of USDD increased by 180.3 million USD, accounting for about 40% of the total increase of 449.1 million USD among the top ten similar stablecoin issuers during the same period, ranking first. During the same period, Sky ranked second with an increase of 86 million USD, and United Stables ranked fifth with an increase of 22.8 million USD.The report data shows that the market capitalization increase of USDD significantly outpaced other major similar stablecoin projects that week, reflecting its rapid expansion in circulation scale recently. All data in the report comes from Token Terminal, providing the latest observations on recent capital inflows and changes in issuance scale in the stablecoin market.

The Central Bank of Malaysia and the Bank of Thailand joined the Singapore-led BLOOM initiative on Friday as members of the policymakers. BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency, and is a public-private partnership initiative aimed at helping financial institutions utilize stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, the initiative aims to reduce costs and help institutions bring services to market faster by decreasing the need for financial institutions to establish arrangements with each counterparty or market individually.The Monetary Authority of Singapore launched BLOOM in October 2025, building on Project Orchid, which was initiated in 2021 to explore the application of a digital Singapore dollar. BLOOM's work also covers corporate cash management, trade financing, and payments executed by AI agents within preset limits, with participants including Airwallex, Mastercard, Ripple, Visa, and the World Bank Group. Additionally, the Central Bank of Malaysia announced in February that three initiatives would test the ringgit stablecoin and tokenized deposits for domestic and cross-border wholesale payments in 2026.

According to local media Digital Asset in South Korea, the South Korean government and central bank are promoting amendments to the country's foreign exchange market law to regulate stablecoins as a payment tool.South Korea is currently formulating the "Basic Law on Digital Assets," which will establish an exchange licensing system and formulate rules for the issuance of stablecoins.

Aave posted on platform X: The first batch of externally curated markets for Aave V4 is now live, with strategies developed by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD using yield-bearing assets and blue-chip assets as collateral in three new markets on Ethereum.

The prediction market operator Underdog has partnered with the cryptocurrency infrastructure provider zerohash, planning to support cryptocurrency and stablecoin deposits later this year. Eligible users can directly deposit supported digital assets through the Underdog app, with services supporting near-instant transfers around the clock. Underdog has not yet announced the specific cryptocurrencies or stablecoins that will be supported.The new deposit method will complement debit cards, credit cards, Apple Pay, and bank transfers, allowing users to avoid managing wallet addresses or selecting blockchain networks. Underdog was established in 2020 and currently has over 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the transaction expected to be completed by the end of 2026 or early 2027. As of October 21, Underdog's trading volume over the past 30 days was $1.4 billion, an increase of 133% compared to the previous period.

According to BBX data, yesterday global publicly listed companies in the U.S. stock market and mainstream financial institutions disclosed the latest developments in the disposal of crypto asset treasury, corporate governance accountability, and Layer 2 security tokenization cooperation. The core information is as follows:Shareholder Bastion Trading, holding approximately 9.99% of SkyAI shares, issued a statement pressuring for accountability regarding the liquidation of SOL and demanding a board restructuring: Major shareholder Bastion Trading, which holds approximately 9.99% of the NASDAQ-listed company SkyAI (NASDAQ: $SKYA), officially released a statement requesting that SkyAI's Executive Chairman Paul K. Danner III and three directors Soren Bo Christiansen, Timothy J. Ruemler, and Jason L. Monroe publicly explain their specific roles in evaluating, approving the takeover offer, and overseeing the complete liquidation of SOL, including who authorized and supervised the liquidation, reviewed the timing of the transaction, execution methods, counterparties, and transaction costs.Meritz Securities of South Korea signs MOU with Optimism Foundation to explore tokenized financial asset clearing based on OP Stack: South Korea's mainstream financial institution Meritz Securities announced the signing of a memorandum of understanding (MOU) with the Optimism Foundation. The two parties will jointly study the issuance, clearing, and distribution framework of tokenized financial assets based on OP Mainnet and other OP Stack networks, deeply exploring the commercial viability of using Ethereum public Layer 2 as a financial-grade distribution and clearing infrastructure. Meritz Securities stated that it will focus on exploring tokenized financial products based on high-quality local assets within the legal and licensing compliance framework, and will promote implementation in conjunction with the progress of South Korea's security token offering (STO) regulations. Previously, KB Securities and DB Securities in South Korea have also successively accessed the OP Stack ecosystem to explore related tokenization businesses.

Circle CEO Jeremy Allaire stated in an interview that he is not particularly focused on the short-term price performance of Bitcoin, but is more optimistic about the digital dollar used for payments and the AI agent economy. Allaire mentioned that the digital dollar can be used for payments, transactions, lending, and investment, and that AI agents will participate in more economic activities in the future, potentially further driving the demand for digital dollars and related blockchain infrastructure, although he did not provide specific data on the growth of this demand.On the regulatory front, the Office of the Comptroller of the Currency in the United States is formulating rules related to the GENIUS Act. The proposal requires stablecoin issuers to hold reserve assets not less than the total amount of circulating stablecoins and to redeem at face value within two business days, while prohibiting issuers from paying interest to holders. Allaire believes that the bill has bipartisan support and can provide policy protection for the stablecoin industry, but broader legislative progress on the structure of the cryptocurrency market in the United States has not yet been made.

According to the official announcement from JPYC, the yen stablecoin issuer JPYC has signed a memorandum of cooperation with South Korea's Shinhan Bank's Japan SBJ Bank and LINE NEXT, planning to conduct a proof of concept for direct top-ups of yen stablecoins to bank accounts and digital wallets.According to the division of labor, SBJ Bank provides bank accounts and payment infrastructure, LINE NEXT provides technology such as its Unifi wallet and Unifi Pay, and JPYC provides support for the issuance and redemption of yen stablecoins. JPYC is a regulated yen stablecoin issuer in Japan, with its tokens pegged 1:1 to the yen, supported by bank deposits and Japanese government bonds.

According to Arbitrum monitoring, the stablecoin inflow on Mayan is performing well. Previously, Mayan has transferred over 2.5 billion dollars in assets to Arbitrum, including over 2.3 billion dollars in stablecoins; half of which came from transfers of 100,000 dollars or more.

U.S. Treasury Secretary Becerra stated that the "GENIUS Act" is a watershed moment in the U.S. financial sector, further solidifying the United States' position as a global cryptocurrency hub.He pointed out that just as President Lincoln's National Currency Act of 1863 established a national framework for banks to issue currency, the "GENIUS Act" establishes a federal framework for payment stablecoins in the digital age.Becerra noted that the Office of the Comptroller of the Currency's (OCC) final rule advances the implementation of this landmark legislation, providing a clear and pragmatic foundation for private sector innovation, competition, and the United States' leadership in the digital asset space.

According to CoinDesk, Shinhan Card, a subsidiary of South Korea's Shinhan Financial Group, is collaborating with a subsidiary of Japan's SBI Holdings to explore the payment applications of a yen stablecoin between the two countries. Participants include the cryptocurrency exchange SBI VC Trade and the trade finance blockchain company SBI XDC Network APAC.The collaboration will study scenarios such as card-linked merchant payments for Japanese tourists visiting South Korea, wallet-to-wallet transfers, and cross-border trade settlements, and will include suspicious transaction monitoring and anti-money laundering compliance systems. Shinhan Card serves approximately 20 million cardholders and stated that it will connect this project with Shinhan Financial's broader digital asset strategy, which includes an agreement reached in August with Visa to explore stablecoin issuance, transfers, and card settlements.Currently, the project is still in its early stages, and the parties have not disclosed the types of stablecoins to be tested, nor have they set a timeline for testing or commercial rollout. SBI has previously issued the yen stablecoin JPYSC, launched by SBI Shinsei Trust Bank and introduced in collaboration with Startale Group, which had a circulation of approximately 20.1 billion yen (about 127 million USD) as of September 7. JPYSC is currently only available for use in SBI VC Trade accounts and cannot be transferred to external wallets. Its circulation on the public chain depends on legal and tax clarity and regulatory approval, and the parties have not indicated whether JPYSC will be included in this test.

Anchorage Digital, the first federally regulated crypto bank in the United States, announced a partnership with the tokenization platform Securitize, which will allow for the direct minting and redemption of stablecoins issued by Anchorage Digital Bank, N.A., without the need for intermediaries. Anchorage Digital Bank is also responsible for custody and settlement, ensuring that the counterparty and custody standards on the dollar side of tokenization transactions on Securitize align with those on the securities side.Securitize is the largest tokenization platform globally by assets under management, providing regulated infrastructure for tokenized funds for institutions such as Apollo, BlackRock, BNY, Hamilton Lane, KKR, and VanEck, with platform assets exceeding $4 billion. The stablecoin issuance ecosystem of Anchorage Digital Bank includes USDtb, issued in collaboration with Ethena Labs, and USA₮, co-developed with Tether.According to an independent reserve report verified by Anchorage Digital Bank, as of August 31, 2026, approximately 99% of the $530 million reserves of USDtb are held by the Securitize tokenized BlackRock BUIDL fund.Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that Anchorage Digital Bank is designed for the large-scale issuance of stablecoins under federal regulation, and regulated issuance is key for tokenization to reach institutional scale. Carlos Domingo, chairman and CEO of Securitize, mentioned that collaborating with Anchorage Digital Bank enables them to directly access digital dollars issued under federal regulation and custodied by the same institution.

Global remittance giant Western Union (NYSE: WU) has chosen stablecoin payment infrastructure provider Noah to provide the underlying on-chain banking network for its Receiver Redirect service. This service allows recipients of Western Union transfers to receive funds in the form of USDPT stablecoin, covering over 60 currencies and more than 200 countries and regions, aiming to reduce cross-border transfer times from several days to a few hours while significantly lowering fees. The global remittance market size is approximately $905 billion annually.Receiver Redirect is based on the USDPT stablecoin issued by Western Union, which is issued by Anchorage Digital Bank on the Solana blockchain. Remitters can initiate transfers through Western Union's network of over 500,000 agent locations worldwide, while recipients will receive USDPT into their Western Union wallets and can hold this stablecoin asset indefinitely using the Stablecard, which will be launched in August 2026. Noah will provide the necessary fund management and licensing for pre-funding, exchange, and distribution of USDPT to recipients, while ensuring compliance with local regulatory requirements.Malcolm Clarke, Global Head of Digital Assets at Western Union, stated that customers are increasingly seeking greater flexibility in receiving, holding, and using funds, and this new capability will seamlessly connect Western Union's global money transfer network with the digital asset ecosystem. Noah completed a $38 million seed round financing on October 7, 2026, and obtained a cryptocurrency asset service provider license and payment institution license under the EU MiCA framework on October 15.

According to crypto analyst Darkfost, the recent reserves of stablecoins on centralized exchanges (CEX) are declining, with the stablecoin reserves on Binance reaching their lowest level this year.Data shows that the market value of stablecoins on Binance has been in a downward trend since June, decreasing by about 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not an issue unique to Binance. This outflow dynamic of stablecoins will continue to put pressure on the market, and the lack of inflow liquidity is exacerbating the current weakness. To change the situation, the market needs to see funds flowing back into CEX, which would be a sign of demand recovery.

According to CoinPost, Japan's Minister of Land, Infrastructure, Transport and Tourism, Toshiaki Inoue, stated in the House of Representatives' Land, Infrastructure, Transport and Tourism Committee that he will study the introduction of stablecoins into the consumption tax exemption system for foreign tourists visiting Japan, and mentioned a "refund method" for tax refunds after departure confirmation, stating that he will promote responses from the user's perspective.According to the Japan Tourism Agency, the country's tax exemption system will change to a refund method starting from purchases made on November 1: Tourists will purchase goods at tax-included prices, and within 90 days from the date of purchase, upon departure confirmation by customs, they can then receive the consumption tax refund, which will be handled by the duty-free shop or an entrusted refund agency.

The GENIUS Act will take effect on July 18, 2025, with a general applicability date of 18 months after enactment or 120 days after the primary federal payment stablecoin regulatory agency issues final implementation rules, whichever comes first. The U.S. Department of the Treasury anticipates the general effective date to be January 18, 2027, with some issuance and sales restrictions taking effect on July 18, 2028.The Office of the Comptroller of the Currency (OCC) published its main implementation proposal in February 2026, and the Federal Reserve proposed rules on September 24, 2026, concerning regulated issuers, reserves, capital, risk management, custody, and application procedures. The interim final rule effective September 30, 2026, has established forms and procedures for state regulatory system certification.Stablecoin issuers must assess approval, prudent regulation, reserve, and redemption requirements; distributors and intermediaries must analyze exchange, transfer, custody, and related financial service obligations. Businesses holding stablecoins must also review redemption channels, reserve arrangements, custody, freezing, and counterparty risks, and accepting stablecoin payments must distinguish between receiving payments for their own goods or services and transferring funds on behalf of others. Proposed issuers may choose paths approved by custodial deposit institutions, federally qualified issuers, or state qualified issuers; state qualified issuers with eligible and outstanding issuance not exceeding $10 billion may opt for state regulation. Payment stablecoin reserves must be at least one-to-one backed by outstanding tokens, and businesses must clarify cash flow, customer rights, compliance responsibilities, and product yield arrangements; relevant issuers may not pay interest or yields solely for holding, using, or retaining payment stablecoins.

Global cryptocurrency payment company MoonPay announced that it is advancing strategic cooperation with Dunamu, the parent company of South Korea's largest cryptocurrency exchange Upbit, to jointly explore new business opportunities. The two parties will collaborate to discover new business directions in areas such as stablecoin cross-border payments and capital flow, corporate finance, and fund management.They also plan to expand the global accessibility of Dunamu's Ethereum Layer 2 network GIWA and enhance the network's global connectivity. Specifically, both parties hope to connect MoonPay's global services and network with Dunamu's blockchain infrastructure to expand the coverage of GIWA-based products and services in overseas markets.Dunamu is the operator of South Korea's largest cryptocurrency exchange Upbit and is currently advancing a stock swap merger with tech giant Naver Financial to launch a joint stablecoin and payment service. Earlier this year, Hana Bank acquired a 6.55% stake in Dunamu for 1 trillion won (approximately 755.6 million USD) to advance its layout in the stablecoin and digital asset fields. South Korea is also formulating a comprehensive cryptocurrency framework called the "Basic Law on Digital Assets," which includes rules for the issuance and distribution of stablecoins pegged to the Korean won.