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Crypto

Citi reveals stablecoin payment and fiat settlement structure linked to Coinbase

Citi has revealed a stablecoin payment and fiat-currency settlement structure linked to Coinbase. The system prioritises the U.S. market and is designed to allow institutional merchants to receive payments in fiat without holding digital assets. Even if a buyer pays in stablecoins, the seller ultimately receives fiat currency. Details released so far are limited, and plans to expand beyond the United States have not been specified.

Crypto

Kyrgyzstan to shut national stablecoin USDKG, liquidate issuer and state-run exchange

The Kyrgyz government is stopping its national stablecoin project, USDKG. The government ordered the finance ministry to liquidate USDKG issuer EVA and CoinNomad, the country’s first state-run cryptocurrency exchange. USDKG launched in November 2025 and was promoted as the first state-issued stablecoin backed by physical gold and pegged 1:1 to the U.S. dollar. About 50 million tokens were issued, mainly for cross-border payments. UK sanctions targeted the issuer in May 2026.

Crypto

Crypto regulation enters new phase as tokenised securities partnerships accelerate

U.S. regulators are moving ahead with crypto oversight after the Clarity Act stalled in the Senate, issuing a joint SEC-CFTC interpretation on six tokens and approving listings of 3-times leveraged ETFs. Bitcoin recovered to around $86,000 on a weekly close, while XRP drew attention ahead of Evernode’s Nasdaq debut. In South Korea, the government plans tighter monitoring of cross-border digital-asset transfers, and financial firms are accelerating partnerships ahead of a tokenised securities regime due in February.