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Crypto

Money flows into \'digital dollar\' stablecoins, shaking banks and national monetary systems

Stablecoins are spreading as a near real-time, 24-hour tool for moving money, raising concerns they could accelerate outflows from bank deposits and national currencies during financial stress or sharp currency declines. The European Central Bank has flagged potential liquidity mismatches between round-the-clock redemptions and reserve assets that move on traditional settlement schedules. The BIS also found stablecoin flows tend to rise alongside foreign-currency deposits in crisis situations.

Crypto

Bitcoin holders raise cash without selling as crypto collateral loan market tops $67 billion in Q1

Silicon Valley Bank\'s crypto team released a report on growth in the bitcoin-collateral lending market, CoinPost reported. The report said rising participation by institutional investors and financial firms is a sign of market maturation. It cited Galaxy Research data showing crypto asset loan origination, including bitcoin, reached $67 billion in the first quarter, up nearly 50 percent from a year earlier. Long-term holders seeking liquidity without selling were cited as a key driver.

Crypto

Warren questions Meta on stablecoin payment push, citing lack of transparency

U.S. Senator Elizabeth Warren (엘리자베스 워런) has sent Meta a formal letter seeking details on its plans to expand stablecoin payments, criticising what she called a lack of transparency. The letter followed reports that Meta restarted stablecoin payment features on Facebook and began a pilot to pay some creators in Colombia and the Philippines using USD Coin. Warren raised concerns over financial stability, privacy and competition, and cited past USDC depegging. Meta denied plans to issue its own stablecoin.