Stablecoins not credible for payments at scale, BIS chief says

BIS chief Pablo Hernández de Cos said stablecoins lack credibility for payments at scale, while a new FSI study highlights sharp differences in issuer rules. The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo…

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Trump-promoted brand touts GOLD before token collapse

Real Trump Coins promoted GOLD before deleting related X posts, while team-linked wallets sold 224.5 million tokens and the price plunged about 98%. A Solana-based token promoted by a Trump-linked coin brand collapsed within hours of its launch, raising questions over who was behind it and its unusual trading activity. Real Trump Coins, a brand…

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Stablecoins not credible for payments at scale, BIS chief says

BIS chief Pablo Hernández de Cos said stablecoins lack credibility for payments at scale, while a new FSI study highlights sharp differences in issuer rules. The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo…

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Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending

The institutional crypto exchange is providing $100 million in stablecoin liquidity to support loans backed by AI computing infrastructure. Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the companies announced Friday. USD.AI will use the facility to lend to AI infrastructure…

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Solana validators approve proposal to accelerate SOL disinflation

The approved proposal doubles Solana’s annual disinflation rate from 15% to 30%, reducing future SOL issuance while leaving its long-term inflation target unchanged. Solana validators have approved a proposal to double the network’s annual disinflation rate, reducing future SOL issuance. According to finalized voting results, the proposal received 67% support, with 25.16% voting against and…

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