Stablecoin

Dubai, UAE, July 1st, 2026 — Utorg said it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026. The company said the approval clears it to operate across all 29 EEA member states, a market of over 450 million people. The announcement was distributed by Chainwire.

Utorg said it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026, when the industry’s transitional period ends. The company said it is now cleared to operate across all 29 EEA member states, a market of more than 450 million people. MiCA sets EU-wide standards on consumer protection, transparency and financial integrity, including requirements to segregate client funds and disclose fees upfront, Utorg said.

Open USD (OUSD) is being launched with support from more than 140 companies, with a model that includes zero-fee minting and redemption, shared governance, and reserve-yield sharing. The stablecoin is being developed by Open Standard and is expected to go live later this year. Ahead of launch, the project says partners will receive earnings from reserves after a small management fee.

The Bank of Thailand plans to open a public consultation on a proposed digital stablecoin that would be fully backed 1:1 with Thai baht reserves. The central bank is advancing a framework for a baht-pegged stablecoin as part of an effort to support financial innovation.

A federal financial disclosure says US President Donald Trump holds Bitcoin valued at more than $50 million in a cold wallet. The filing uses the form’s highest reporting category, meaning the amount disclosed is a threshold rather than an exact figure and the holdings could be worth more.

Taiwan has enacted wide-ranging cryptocurrency legislation that raises industry requirements through strict licensing for digital asset firms. The law also mandates reserve requirements for certain businesses and sets tougher operating standards. It introduces severe penalties for non-compliance and for deceptive conduct.

Demand for digital assets and stablecoins in Brazil surged through May 2026, with purchases up 155% year over year to $12.138 billion, according to data released by the Central Bank of Brazil. Stablecoin buying reached nearly $2.632 billion in May 2026, a 158% increase from May 2025. The figures point to sustained interest in crypto-related products in Brazil despite a broader bear market backdrop.

Ripple and SBI have launched Ripple USD (RLUSD) in Japan following regulatory approval, giving institutional and retail users access via SBI’s VCTRADE crypto exchange platform. The U.S. dollar-backed stablecoin is categorized in Japan as an electronic payment instrument under the Payment Services Act. RLUSD has reached a $1.7 billion market capitalization.

Coinbase’s layer-2 network Base suffered an outage of about two hours on Thursday after an invalid block triggered a consensus failure that halted all transactions on the chain. The disruption began at 16:03 UTC, when Base’s status page flagged mainnet block production as “unhealthy.” Base later said operations were restored, user funds remained secure, and a full post-mortem would follow.

A consortium of five SBI-affiliated companies has launched JPYSC, described as Japan’s first trust-based stablecoin pegged to the yen. The group includes SBI Holdings, SBI Shinsei Bank, SBI Shinsei Trust Bank, SBI VC Trade and Singapore-based Startale Group. The stablecoin is issued by SBI Shinsei Trust Bank and distributed by SBI VC Trade, according to SBI’s announcement.