Digital ASSETS with Mel 😜

Regulating stablecoin issuance: permissible entities and activities Regulatory approaches for stablecoin issuance differ significantly, particularly in terms of the types of entities allowed to issue them and the scope of activities permitted beyond core issuance. These differences are important since additional activities such as lending, staking or providing custody services can alter an entity's risk profile and influence the safeguards needed for its core issuance operations. Stablecoin frameworks generally limit issuers to a core set of functions such as issuance, redemption and reserve management, but they differ in how far issuers may stray from them. Frameworks that allow banks to issue under existing prudential regimes tend to permit a broader range of activities, as their regulatory framework already mitigates associated risks. In constrast, bespoke regimes for stablecoin issuers impose stricter limits. These activity restrictions apply to the issuing entity rather than the group. For banks, consolidated supervision already constrains the relocation of activities to affiliates; for non-banks, no equivalent group-wide framework applies, and restrictions can be circumvented with corporate structuring. This suggests stablecoin frameworks, or related regimes, may need to extend group-level oversight to non-bank issuers, especially for larger groups. Such oversight would be particularly important unless other measures, proportionate to the level of risk, are in place to effectively mitigate risks arising from other group activities. https://www.bis.org/publications/fsi-brief-33-regulating-stablecoin-issuance--permissible-entities-and-activities

Speech by Mr Pablo Hernández de Cos, General Manager of the BIS, at the Jackson Hole Economic Symposium, 28 August 2026. Stablecoins versus tokenized deposits I will first assess whether stablecoins and tokenized deposits uphold the monetary properties that anchor trust – singleness, interoperability and integrity. I will then explore the macro financial implications of their broader adoption. Monetary properties Both stablecoins and tokenized deposits use tokenization to transfer value on programmable rails. But their differences are of first-order importance for the monetary system. Take singleness first. Assume Ben wants to transfer a dollar’s worth of stablecoins to Marie. Ben owns USDT (Tether), but Marie only accepts USDC (Circle). In order to make the transfer, Ben needs to sell USDT in the secondary market and use the proceeds to buy USDC, which he can then send to Marie. Since deviations from par in secondary markets are the norm – and sizeable under stress – this transaction may not go through at par. There is no mechanism that enforces singleness. By contrast, tokenized deposits are account-based bank liabilities recorded on a programmable platform; payments debit the payer’s balance and credit the payee’s balance, with interbank settlement though central bank accounts in the background. Hence in the tokenized deposit model, settlement in central bank money preserves singleness, under which claims denominated in that unit are redeemable at par with central bank money with finality. https://www.bis.org/speeches/20260828-pushing-monetary-frontier-stablecoins-and-tokenised-deposits

Ummm…this is Sammy Dance worthy! INCREDIBLE! Xe.com is a site that coverts Foreign Currency rates to the value of USD. (Xe is not physical foreign currency exchange service). They are now converting rates of most currencies to XRP and XLM! https://x.com/SantaSurfing/status/2094174093733990864?s=20

Ummm…this is Sammy Dance worthy! INCREDIBLE! Xe.com is a site that coverts Foreign Currency rates to the value of USD. (Xe is not physical foreign currency exchange service). They are now converting rates of most currencies to XRP and XLM!

Bitcoin and XRP Face Data-Heavy Week as Several US Economic Events Loom Bitcoin and XRP face seven U.S. economic releases in a data-heavy week. ISM Manufacturing PMI is expected to ease to 55.3 as prices rise to 72.0. XRP holds $1.30-$1.40 support as Bitcoin eyes $80,000-$82,000 resistance. https://coinedition.com/bitcoin-and-xrp-face-data-heavy-week-as-several-us-economic-events-loom/

JPMorgan Chase & Co. is one of the oldest financial institutions in the world With over $1.2 Trillion in assets and banks such as Chase under it, JPMorgan serves millions of clients around the world. Its CEO Jamie Dimon has been a huge critic of Cryptocurrencies and has repeatedly called Bitcoin a fraud. He even went on to say he'd fire any trader who was trading cryptocurrency for being "stupid and dangerous." However, the bank's jump into cryptocurrencies was inevitable. The bank initially jumped into blockchain, mostly dabbling with private blockchains. The bank went on to create its own private coin, JPM Coin to improve payment settlements between its clients. JPMorgan now has a new business called "Onyx" with more than 100 people to commercialise its blockchain technology. Most of the JP Morgan Blockchain Jobs is engineers to push this product further. All JP Morgan Blockchain Jobs are in its physical offices. However, they are spread across multiple cities and countries throughout the world. Check out some of the JPMorgan Crypto Jobs below: https://cryptojobslist.com/companies/jpmorganchase

Japan Is Going All In On Crypto Japanese authorities are introducing legislation to remove tax barriers to using yen-denominated stablecoins in international transactions. This aims to eliminate the so-called "unrealized gains" tax on companies’ digital asset holdings, allowing them to hold digital yen for settlement without incurring year-end tax costs from price volatility. https://x.com/BSCNews/status/2094396008478257582?s=20

Vietnam's 17M Crypto Users Face a New Regulatory Test Vietnam's new crypto enforcement regime takes effect September 1. Investors using unlicensed trading platforms could face fines of 30 million to 50 million VND. The penalties are part of a five-year regulatory pilot launched in 2025. Five companies have already cleared the initial assessment for regulated exchange operations. However, none has received a full operating license yet. Each applicant must meet strict cybersecurity requirements and hold 10 trillion VND in capital. The framework also limits foreign ownership in licensed exchanges to 49%. Operations could begin as early as the third quarter after final approvals. https://x.com/BSCNews/status/2094362978305077553?s=20

THEY JUST SWAPPED DOLLARS FOR NVIDIA IN 4 SECONDS ON THE XRP LEDGER. WALL STREET STILL NEEDS TWO DAYS. @Trensik_com just showed the XRP Ledger settle a multi-hop real-world asset swap as ONE atomic transaction. Trust line checked. Issuer books scanned. Path built across currencies. Executed in a single settlement. RLUSD in. NVIDIA out. Typically 3–5 seconds. Native. Final. This is the XRP ledger doing what it was built for: find a path, move value, settle everything or settle nothing. While NYSE sleeps, XRPL is already trading: • NVIDIA • Tesla • Apple • SpaceX • gold • silver • Treasuries • more coming! Hold XRP, RLUSD, or any XRPL-native token and rotate into tokenized stocks and commodities 24/7, without a broker calling you Monday morning. Trensik just showed the execution engine. One ledger. One tap. Dollar in. Asset out. Done. https://x.com/pumpius/status/2094373392585810376?s=20

Tether CEO Says Bank For International Settlements Is ‘Rightfully Worried’ Stablecoins Expose Banking’s Fractional-Reserve Problem Paolo Ardoino said on Sunday the BIS was "rightfully worried" that stablecoins expose a fractional-reserve problem in traditional banking. He contrasted it with fully-reserved stablecoins with tokenized bank deposits, which he says hold only about 10% in liquid reserves. BIS General Manager Pablo Hernández de Cos said tokenized bank deposits, not stablecoins, are the more promising foundation for future money. Tether (USDT) CEO Paolo Ardoino said that the Bank for International Settlements (BIS) was “rightfully worried” that stablecoins were exposing a fractional-reserve problem at the heart of traditional banking. https://newsable.asianetnews.com/markets/tether-ceo-says-bank-for-international-settlements-is-rightfully-worried-stablecoins-expose-banking-s-fractional-reserve-problem-articleshow-xnyq7v3

ECB Plans to Issue Euro Directly on Blockchain, Pitting It Against $304B Stablecoins ECB's Isabel Schnabel wants the euro issued directly on blockchain. Dollar stablecoins near $304B vs under $1B euro tokens. Pontes launches next month. ECB Executive Board member Isabel Schnabel argued for issuing the euro directly on blockchain at Jackson Hole Dollar-pegged stablecoins circulate near $304 billion while euro-pegged tokens hold under $1 billion Pontes goes live next month, linking TARGET Services to market blockchain platforms A 2024 Pontes trial settled nearly €1.6 billion in central bank money across 64 institutions https://en.coinotag.com/ecb-euro-blockchain-stablecoins-304b

Two banks are testing quantum-safe wallets on a NEAR testnet Bison Bank and DK Bank began generating wallets and moving assets on August 24, watched by regulators from Abu Dhabi, Bhutan and Malta. The Responsible Fintech Institute and Safeheron organized it. https://x.com/BSCNews/status/2094089762877452304?s=20

Vietnam plans to launch regulated crypto market with tokenized assets ✨ Vietnam just became one of the more interesting stories in global crypto regulation. The country has launched a structured five-year pilot program for tokenized assets, complete with licensed exchanges, strict capital requirements, and a phased rollout that starts with foreign investors before opening the doors to domestic participants. Government Resolution No. 05/2025/NQ-CP, signed on September 9, 2025, sets the framework for what could become Southeast Asia’s most tightly controlled digital asset market. The pilot runs through 2030, which conveniently aligns with Vietnam’s broader ambition for the digital economy to comprise at least 30% of GDP by that year. https://cryptobriefing.com/vietnam-regulated-crypto-market-tokenized-assets/

Vietnam plans to launch regulated crypto market with tokenized assets ✨ Vietnam just became one of the more interesting stories in global crypto regulation. The country has launched a structured five-year pilot program for tokenized assets, complete with licensed exchanges, strict capital requirements, and a phased rollout that starts with foreign investors before opening the doors to domestic participants. Government Resolution No. 05/2025/NQ-CP, signed on September 9, 2025, sets the framework for what could become Southeast Asia’s most tightly controlled digital asset market. The pilot runs through 2030, which conveniently aligns with Vietnam’s broader ambition for the digital economy to comprise at least 30% of GDP by that year. https://cryptobriefing.com/vietnam-regulated-crypto-market-tokenized-assets/

Brad Garlinghouse didn’t even try to hide it. At the Wyoming Blockchain Symposium he looked at the camera and said Ripple competes with Citi “sort of indirectly” — then explained why. Citi is one of the two biggest correspondent banks on SWIFT. They make roughly $5 billion a year in gross margin just sitting in the middle of cross-border payments. They have every reason to keep the old, slow, expensive system alive. Ripple’s entire play is to take that business on-chain. The banks want a seat at the table. Ripple wants the table. Watch the clip. This one isn’t subtle.

🔥LATEST: Coinbase CEO Brian Armstrong says tokenized assets will do what the iPhone did. Armstrong says Apple never predicted Uber, TikTok or Coinbase, but the iPhone enabled them all, and blockchains will spawn "a new set of finance companies we can't imagine." He says the benefits are already clear, from global access to better utility and 24/7 trading. https://x.com/coinbureau/status/2094010055888921056?s=20