BNY Mellon Launches Regulated Money Market Fund for Stablecoin Reserves
BNY Mellon established a regulated money market fund to provide stablecoin issuers with a compliant reserve asset, structurally mitigating systemic risk and optimizing capital efficiency.
Treasury Begins Rulemaking Implementing Federal Payment Stablecoin Framework
The ANPRM initiates the process for federal payment stablecoin standards, mandating comprehensive risk and compliance systems by July 2028.
Hong Kong Monetary Authority Mandates Licensing for HKD-Pegged Stablecoin Issuers
The HKMA's new mandate forces all HKD-pegged stablecoin issuers to secure a license, requiring rigorous reserve asset management and client segregation protocols for market access.
Hong Kong Enacts Stablecoins Ordinance, Mandating Issuer Licensing
Hong Kong's new Stablecoins Ordinance establishes a rigorous licensing framework for fiat-referenced stablecoins, reshaping digital asset market access.
