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Crypto

U.S. moves to expand overseas use of dollar-backed stablecoins

The U.S. government is reviewing steps to expand overseas use of dollar-backed stablecoins, a move the Trump administration is considering as a way to strengthen the dollar’s role as the world’s reserve currency. The review may include joint ventures with private companies and participation by multiple federal agencies, including the Treasury and State departments and the U.S. International Development Finance Corp. Officials also expect increased demand for U.S. Treasuries, key reserve assets for these stablecoins.

Crypto

China steps up digital yuan expansion, puts steady rollout in next five-year plan

The People\'s Bank of China has formalised a policy to develop the digital yuan steadily over the next five years, naming it a key task in its 15th five-year reform and development plan. The plan puts the digital yuan among priorities for financial infrastructure and central bank services reform, alongside payment-system improvements and tighter anti-money laundering rules. It also sets out steps to expand cross-border use, build payment networks and develop offshore yuan markets.

Crypto

JPMorgan says Strategy selling is not a threat, private chains are the issue

JPMorgan sees the spread of permissioned blockchains as a bigger structural risk to bitcoin than Strategy’s recent bitcoin sale, as tokenisation, payments and clearing could move off public networks. It said institutions prefer permissioned networks for privacy, compliance controls, governance and legal clarity. JPMorgan also cited BIS warnings, tokenised deposits, SWIFT projects and CBDC initiatives as reinforcing regulated paths, and said public chains may be left mainly with distribution and interoperability roles.