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#CoinDesk
Crypto
Stablecoin market value $322B tops 95 nations' FX reserves
Stablecoin market value hit $322B, larger than the FX reserves of 95 countries — a sign dollar liquidity is moving on‑chain as policymakers still debate rules.
By Caleb Mwangi
Crypto
Strategy debt buyback shows liability side of bitcoin bet
Strategy used $1.38 billion in cash to retire convertible debt at a discount, showing that its bitcoin treasury trade now has a liability side as well.
By Caleb Mwangi
Regulation
SEC tokenized-stock exemption excludes synthetic shares
SEC Commissioner Hester Peirce said the agency's tokenized-stock exemption would apply to equity-backed digital tokens, not synthetic products that only track share prices.
By Tomás Iglesias
Regulation
Bank of England stablecoin rethink tests UK payments strategy
The Bank of England's stablecoin rethink is less about crypto sentiment than whether the UK wants regulated payment-token issuance to remain onshore.
By Tomás Iglesias
