Stablecoins, Tokenization and Crypto: Digital Assets Thoughts of the Week
Stablecoin usage is increasing in South America, particularly Brazil, where regulators have implemented tiered controls. Brazil's Resolution 561 prohibits virtual assets from settling transactions within the regulated eFX system for cross-border payments.
Read full story →Partior and OpenAssets PoC proves stablecoins and tokenised deposits can settle atomically
Partior and OpenAssets completed a proof of concept showing atomic delivery-versus-payment between digital assets, regulated stablecoins, and commercial tokenised deposits. The demonstration proved these three asset types can settle simultaneously across bank-backed global settlement infrastructure.
xStocks Crosses $600 Million Milestone in Tokenized Equities and Related Assets
The xStocks platform exceeded $600 million in assets under management across tokenized shares, exchange-traded funds, and IPO-related instruments. This growth reflects increasing adoption of blockchain-based equity exposure over the past year.
Visa Stays Neutral as Open USD Draws Comparisons to Stablecoins USDT and USDC
Visa CEO Ryan McInerney declined to position Open USD as a direct competitor to USDT or USDC stablecoins. He emphasized supporting the broader stablecoin ecosystem rather than endorsing any specific digital currency.