https://cryptoeconomics.com/topics/stablecoins/ Coverage filed to the Stablecoins desk. en © 2026 Cryptoeconomics Sat, 25 Jul 2026 09:00:00 GMT https://cryptoeconomics.com/news/kenya-vasp-regulations-2026-gazetted/ https://cryptoeconomics.com/news/kenya-vasp-regulations-2026-gazetted/ Sat, 25 Jul 2026 09:00:00 GMT Kenya gazetted the Virtual Asset Service Providers Regulations, 2026 on 24 July 2026, completing implementation of the VASP Act assented to in October 2025. The Central Bank of Kenya will supervise fiat conversion services and stablecoin issuers, while the Capital Markets Authority takes exchanges, token issuance platforms and tokenization. Regulation Africa & emerging markets Stablecoins Kenya Law: Virtual Asset Service Providers Act, 2025 https://cryptoeconomics.com/news/bis-annual-report-2026-stablecoin-assessment/ https://cryptoeconomics.com/news/bis-annual-report-2026-stablecoin-assessment/ Sat, 25 Jul 2026 09:00:00 GMT The Bank for International Settlements published the money and payments chapter of its 2026 Annual Economic Report on 23 June 2026, arguing that stablecoins fall short on singleness, elasticity and integrity of money. The chapter warns that dollar stablecoin adoption can accelerate dollarization and erode capital controls in emerging markets. Stablecoins Financial stability Currency & FX Africa & emerging markets Bank for International Settlements: Annual Economic Report 2026, Chapter III https://cryptoeconomics.com/news/boe-fca-systemic-stablecoin-draft-rules/ https://cryptoeconomics.com/news/boe-fca-systemic-stablecoin-draft-rules/ Sat, 25 Jul 2026 09:00:00 GMT On 22 June 2026 the Bank of England published a policy statement and draft Code of Practice for sterling systemic stablecoin issuers, dropping proposed individual holding limits in favour of a temporary £40bn cap per issuance. Issuers may hold up to 70% of backing assets in short-term UK government debt, with the remainder in unremunerated central bank deposits. Regulation Stablecoins Financial stability Bank of England https://cryptoeconomics.com/news/imf-nigeria-2026-article-iv-stablecoins/ https://cryptoeconomics.com/news/imf-nigeria-2026-article-iv-stablecoins/ Sat, 25 Jul 2026 09:00:00 GMT The IMF Executive Board concluded its 2026 Article IV consultation with Nigeria on 9 June 2026 and identified stablecoin oversight as a priority. A follow-up IMF country note published on 16 June described stablecoins as a growing cross-border payment channel in Nigeria. Africa & emerging markets Stablecoins Financial stability Currency & FX International Monetary Fund https://cryptoeconomics.com/news/european-commission-mica-review-consultation/ https://cryptoeconomics.com/news/european-commission-mica-review-consultation/ Sat, 25 Jul 2026 09:00:00 GMT The European Commission opened a two-part consultation on revising the Markets in Crypto-Assets Regulation in May 2026, with responses due by 30 August 2026. The review's central question is how to treat stablecoins issued simultaneously inside and outside the EU under a single brand. Regulation Stablecoins Currency & FX European Commission: 2026 MiCA review targeted consultation document https://cryptoeconomics.com/news/mastercard-yellow-card-eemea-stablecoins/ https://cryptoeconomics.com/news/mastercard-yellow-card-eemea-stablecoins/ Sat, 25 Jul 2026 09:00:00 GMT Mastercard and the African digital-asset platform Yellow Card announced a partnership on 7 May 2026 to build stablecoin-based payment and settlement rails across Eastern Europe, the Middle East and Africa. The arrangement covers remittances, cross-border business payments and treasury operations in markets including Nigeria, Ghana, Kenya, South Africa and the United Arab Emirates. Payments Stablecoins Africa & emerging markets Mastercard newsroom (EEMEA) https://cryptoeconomics.com/news/hkma-first-stablecoin-issuer-licences/ https://cryptoeconomics.com/news/hkma-first-stablecoin-issuer-licences/ Sat, 25 Jul 2026 09:00:00 GMT The Hong Kong Monetary Authority granted its first stablecoin issuer licences on 10 April 2026 to HSBC and to Anchorpoint Financial, a joint venture led by Standard Chartered with Animoca Brands and HKT. The two licences were selected from 36 applications assessed under the Stablecoins Ordinance, which took effect in August 2025. Regulation Stablecoins Institutions Hong Kong Monetary Authority press release, 10 April 2026 https://cryptoeconomics.com/news/imf-stablecoin-fx-spillovers-working-paper/ https://cryptoeconomics.com/news/imf-stablecoin-fx-spillovers-working-paper/ Sat, 25 Jul 2026 09:00:00 GMT An IMF working paper published on 27 March 2026 examined cross-border stablecoin flows and their effects on emerging-market foreign exchange rates. It found that dollar stablecoin inflows correspond to periods of currency pressure and can accelerate capital outflows during stress, and noted that cross-border stablecoin flows now exceed Bitcoin and Ether flows. Currency & FX Stablecoins Financial stability Africa & emerging markets IMF Working Paper 2026/056: Stablecoin inflows and spillovers to FX markets https://cryptoeconomics.com/news/occ-treasury-genius-act-proposed-rules/ https://cryptoeconomics.com/news/occ-treasury-genius-act-proposed-rules/ Sat, 25 Jul 2026 09:00:00 GMT The Office of the Comptroller of the Currency published a proposed rule on 25 February 2026 implementing the GENIUS Act, consolidating reserve, redemption, audit and supervision requirements for payment stablecoin issuers in a new 12 CFR Part 15. The Treasury followed in April 2026 with proposals on state regulatory regimes and on illicit-finance controls. Regulation Stablecoins OCC Bulletin 2026-3 https://cryptoeconomics.com/news/tether-usat-us-launch/ https://cryptoeconomics.com/news/tether-usat-us-launch/ Sat, 25 Jul 2026 09:00:00 GMT Tether announced USAT on 27 January 2026, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer. The token is separate from USDT, which continues to be issued offshore. Stablecoins Regulation Institutions Tether: USAT announcement