Fidelity Investments told the US SEC on Friday that the agency should keep building a clearer framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems. The firm said comprehensive rules are "critical" for tokenized securities, including third-party issuances, and it also urged guidance to allow distributed ledger technology for ATS recordkeeping.

Resolv’s dollar-pegged USR stablecoin depegged after an exploit let an attacker mint about 80 million unbacked USR and pull roughly $25 million. USR fell to $0.025 on Curve and later rebounded to around $0.85, while the attacker accumulated 11,409 ETH worth about $23.7 million and another address held about $1.1 million in wstUSR. Resolv Labs said it paused all protocol functions and that its collateral pool remains fully intact with no underlying assets lost.

Resolv Labs said its collateral pool remained fully intact after a Sunday exploit disrupted USR’s issuance mechanism and knocked the stablecoin off its peg. The attacker minted 80 million unbacked USR, sending the price as low as $0.14 before it rebounded to $0.42 at the time of writing. Several DeFi protocols moved to limit exposure, while onchain tracking suggested most of the proceeds were swapped into ETH.

PayPal said Tuesday it will expand its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 global markets to enable cross-border buying, holding and transfers with faster settlement and lower costs. The rollout spans Asia-Pacific, Europe and Latin America, including the United Kingdom, Singapore and the United States, and PayPal said PYUSD has surpassed $4 billion in circulation.

Resolv Labs said on Sunday that an exploit enabled an attacker to mint 50 million unbacked USR and forced the team to pause all protocol functions. PeckShield also reported an additional 30 million USR minted, while D2 Finance estimated the attacker extracted about $25 million as USR briefly traded as low as $0.025 on Curve before rebounding.

CFTC staff issued a Friday notice answering FAQs on the agency's crypto-collateral pilot launched last year, outlining how futures commission merchants should begin accepting crypto margin. The guidance says participating firms must notify the Market Participants Division of their start date and, for the first three months, may take only Bitcoin, Ether, or stablecoins, with weekly reporting of total crypto held. It also sets capital charges at 20% for BTC and ETH positions and 2% for stablecoins, while limiting certain stablecoin uses and excluding crypto from uncleared swap collateral.

On March 21, 2026, Amundi launched the Spiko Amundi Overnight Swap Fund (SAFO) with $100 million in pledged assets to bring corporate cash and collateral management on-chain. The tokenized fund operates across Ethereum and Stellar, with Chainlink publishing NAV data on-chain, and subscriptions available in EUR, USD, GBP, or CHF with a minimum of one unit.

The House Financial Services Committee will hold a hearing, "Tokenization and the Future of Securities: Modernizing Our Capital Markets," on Wednesday at 10AM ET. In the same week, the SEC approved Nasdaq's pilot to test tokenized versions of select Russell 1000 stocks and related index ETFs while reiterating that tokenized assets remain securities under federal law.