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BIS says that dollar-backed stablecoins fall short of money, warns markets about FX risk
The Bank for International Settlements (BIS) has reported its assessment of stablecoins based on specific variables, and has concluded that they do not function as money was originally intended. The institution has warned in its latest 2026 Annual Economic Report that dollar-pegged tokens are driving a new form of dollarization in emerging economies. The report...Cryptopolitan
Mon, Jun 29
Strategy launches $2 billion in buybacks and Bitcoin selling program to shore up preferred stock
Strategy has announced a pivot in how it will manage capital moving forward, with sales of Bitcoin, stock buybacks up to $2 billion in its own securities, and raising dividends on its troubled STRC preferred shares to 12%, all on the table according to its 8-K filing with the SEC on Sunday. The pivot comes...Cryptopolitan
Mon, Jun 29
Thailand's central bank moving forward with 1:1 baht-backed stablecoin plans
The Bank of Thailand is preparing a plan for a stablecoin pegged 1:1 to the Thai baht, with a public hearing on the proposal expected before the end of 2026. Governor Vitai Ratanakorn explained plan details at the “Capital with Purpose” conference hosted by efinanceThai. The planned stablecoin will not be a central bank digital...Cryptopolitan
Mon, Jun 29
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