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The European Commission is considering relaxing MiCA rules to make stablecoins interchangeable, but the ECB opposes this in favor of a digital euro. This move highlights Europe's balancing act between stablecoin growth and financial stability.
World Liberty Financial says it's working to make WLFI transferable, a move that could open the door to trading for the Trump-linked token.
- 11:47Li Lihui: If the US Fails to Address Its Twin Deficits, the Stability of Its Stablecoins May Be AffectedAccording to a report by Jinse Finance, the "2025 International Monetary Forum" was held on July 27. Li Lihui, former president of the Bank of China, believes that stablecoins offer innovative financial convenience but also pose systemic financial risks. He stated that the United States seeks to tie stablecoins to the US dollar to maintain its global monetary and financial dominance. If the US fails to address its twin deficits, it may affect the stability of its currency. Additionally, he pointed out that Hong Kong stablecoins could be granted more relaxed domestic access under certain conditions to support the internationalization of the renminbi. He also emphasized the need to monitor developments in decentralized financial markets, particularly those led by the US, in order to enhance China's position in the global monetary and financial system.
- 11:32Stablecoin market capitalization increased by 1.64% over the past 7 daysAccording to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the network stands at $265.65 billion, representing a 1.64% increase over the past seven days. Among them, USDT's market share has dropped to 61.9% (down from 62.09% last week).
- 11:07Bitgo Announces Establishment of Local Office in BrazilAccording to Jinse Finance, Bitgo, a US-based cryptocurrency custody service provider, recently announced the establishment of a local office in Brazil, aiming to attract clients from the banking sector interested in entering the cryptocurrency business. The company will also offer insurance services to clients using its solutions.