Visa’s data refresh filters out more instances of the same funds moving repeatedly between wallets. Dollar volume and transaction count changed by different amounts, affecting comparisons of stablecoin usage.
JPYC’s jump above four times its reference price on Upbit has sharpened calls for liquidity safeguards in South Korea’s won stablecoin framework. Industry voices say reserve backing alone cannot keep exchange prices in line.
The Federal Reserve has opened reserve and capital proposals for stablecoin issuers it supervises. Governor Michael Barr wants the final framework to make access to redemption clear, including when markets are under stress.