EU watchdog pushes for stablecoin ban: Report

Stripe has launched a new tool called 'Open Issuance' that allows companies to create and manage their own stablecoins with minimal coding. This innovation is significant as it simplifies the process of entering the cryptocurrency space, making it more accessible for businesses to leverage digital currencies and enhance their financial operations.

Robinhood is looking to expand its successful prediction markets into the UK and EU, which could significantly enhance its market presence and offer new opportunities for users. This move is exciting as it reflects the company's growth and ambition to tap into international markets, although it does face some regulatory questions regarding classification. The expansion could lead to increased competition and innovation in the financial sector.

The European Central Bank (ECB) is advocating for stricter regulations on multi-issuance stablecoins to mitigate financial risks and close regulatory gaps. This move is significant as it aims to enhance the stability of the financial system and protect consumers, especially in a rapidly evolving digital currency landscape. By addressing these concerns, the ECB is taking proactive steps to ensure that the benefits of stablecoins do not come at the expense of financial security.

In September, Strategy has made smaller Bitcoin purchases, but the overall trend is positive as the number of crypto millionaires approaches 250,000. This indicates a growing interest and investment in cryptocurrency, highlighting the resilience and potential of the market despite fluctuations. The increase in stablecoins crossing $295 billion also reflects a strong demand for digital assets, making this a significant month for the crypto community.

Visa is taking a significant step in the world of finance by launching a pilot program for stablecoin prefunding, aimed at making cross-border payments faster and more efficient. This move highlights the growing acceptance of stablecoins in mainstream finance, which could revolutionize how businesses handle international transactions. By leveraging stablecoins, Visa Direct is not only enhancing the speed of money transfers but also potentially reducing costs, making it a game-changer for global commerce.

Visa is taking a significant step in the financial world by piloting pre-funded stablecoins for cross-border payments. This initiative could streamline international transactions, making them faster and more efficient. By leveraging stablecoins, Visa aims to reduce costs and enhance the overall payment experience for businesses and consumers alike. This move not only highlights the growing acceptance of digital currencies but also positions Visa as a leader in the evolving landscape of global finance.

Deutsche Börse and Circle are teaming up to integrate stablecoins into the European market infrastructure, marking a significant step towards modernizing financial transactions in Europe. This collaboration is important as it aims to enhance efficiency and accessibility in the financial sector, potentially attracting more investors and fostering innovation in digital currencies.

As we approach the end of 2025, the convergence of policy changes from the Federal Reserve, US market regulators, and global financial institutions is creating a promising landscape for crypto investors. With interest rates shifting, regulatory frameworks harmonizing, and new ETFs and stablecoins on the horizon, this period could offer exciting opportunities for both traditional and crypto markets. Understanding these dynamics is crucial for investors looking to navigate this evolving environment.

In 2025, Digital Asset Treasuries (DATs) are set to become the standard for corporate cryptocurrency, driven by the resurgence of institutional custodians and the introduction of spot Bitcoin and Ethereum ETFs. This shift is significant as it indicates a growing acceptance of digital assets in mainstream finance. Additionally, HTX is enhancing fiat on-ramps, making it easier for businesses to engage with cryptocurrencies. The rise of stablecoins for payments further underscores the evolving landscape of digital finance, highlighting the increasing integration of crypto into everyday transactions.

SWIFT is set to launch its own blockchain to enhance the speed of global bank transactions, a move seen as a strategic response to the growing influence of stablecoins. This initiative is significant as it aims to streamline cross-border payments, making them faster and more efficient, which could reshape the financial landscape and improve the overall banking experience for customers worldwide.

The article emphasizes that for stablecoins to gain traction among retail merchants, they must operate seamlessly without drawing attention to themselves. Merchants prioritize fast, reliable, and low-cost payment solutions over the hype surrounding cryptocurrency. This insight is crucial as it highlights the need for stablecoins to evolve into practical tools that enhance transaction efficiency, ultimately benefiting both businesses and consumers.

Africa is emerging as a leader in the cryptocurrency space, showcasing how stablecoins and innovative financial solutions are reshaping the continent's economy. This shift is significant because it highlights Africa's unique position as a proving ground for real-world adoption of digital currencies, setting a precedent for other regions to follow.

The SEC has put a temporary halt on trading for QMMM Holdings after the stock experienced an astonishing 959% surge in just three weeks, raising concerns about potential manipulation related to crypto treasury activities. This suspension highlights the regulatory scrutiny surrounding the volatile cryptocurrency market and its impact on traditional stocks, signaling to investors the importance of due diligence in such rapidly changing environments.

MEXC Ventures has made a significant move by increasing its investment in Ethena with an additional $30 million commitment to ENA, the protocol's governance token. This brings their total investment in the Ethena ecosystem to $66 million. This expansion not only highlights MEXC's confidence in Ethena's potential but also signals a growing interest in decentralized governance solutions, which could reshape how protocols operate in the blockchain space.

The SEC has taken a significant step by allowing Ripple, Coinbase, and BitGo to qualify as custodians for crypto assets. This decision, highlighted by a no-action letter from the SEC's Division of Investment Management, is crucial as it paves the way for greater institutional involvement in the cryptocurrency market. By recognizing these companies as qualified custodians, the SEC is fostering a more secure environment for crypto investments, which could enhance trust and attract more investors to the space.

In a significant legal victory, a UK court has convicted a Chinese mastermind involved in the largest Bitcoin seizure case to date. This landmark ruling not only highlights the UK's commitment to tackling cryptocurrency-related crime but also sets a precedent for future cases. The seizure, which involved millions in Bitcoin, underscores the growing importance of regulatory measures in the digital currency space. As cryptocurrencies gain popularity, this case serves as a reminder of the need for vigilance against illicit activities.

Rob Hadick from Dragonfly has raised concerns about the SEC's push for tokenized stocks, suggesting that while it may benefit some institutions, it could also create 'leakage' that limits advantages for the wider crypto ecosystem. This discussion is important as it highlights the potential challenges and implications of integrating traditional finance with blockchain technology, which could shape the future of both sectors.

Bitcoin has shown impressive resilience by maintaining its crucial $108,000 support level despite significant selling pressure from large investors, known as whales, in September. This stability is particularly noteworthy given the fluctuations in trading activity on major exchanges like Binance. The ability of Bitcoin to withstand such challenges suggests a potentially bullish outlook for October, making it an important development for investors and the broader cryptocurrency market.