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Coinbase urges Treasury to narrow GENIUS Act rules
Coinbase Global Inc. (NASDAQ: COIN) on Wednesday, Nov. 5, 2025, urged the U.S. Treasury Department to keep upcoming GENIUS Act rules narrow, exclude non‑financial software, blockchain validators and open‑source protocols, and limit the law's interest ban to stablecoin issuers. Stream Finance freezes deposits and withdrawals after $93M loss
Stream Finance halted deposits and withdrawals on Nov 3, 2025 after an external fund manager overseeing its assets reported a $93 million loss. Users flagged stalled activity over the weekend, and the platform’s XUSD stablecoin dropped to roughly $0.51. 
Kyrgyzstan sets three-stage CBDC pilot after council with CZ
-9BPnNDRc.png "Kyrgyzstan sets three-stage CBDC pilot after council with CZ")
Kyrgyzstan unveiled KGST, a stablecoin tied to the som, and outlined a pilot for a central bank digital currency known as the digital som. President Sadyr Japarov presented the plan Friday after the second session of the National Council for the Development of Virtual Assets and Blockchain Technologies, a meeting that included Binance founder Changpeng “CZ” Zhao. 
Canada sets stablecoin rules in 2025 Federal budget
Canada’s 2025 federal budget introduces legislation for fiat‑backed stablecoins. Issuers would be required to hold adequate reserves and offer clear redemption rights. The Bank of Canada is designated to administer the regime, funded with $10 million retained from its remittances over 2026–27. 
WhiteBIT hosts institutional leaders at FC Barcelona Museum
On October 15, cryptocurrency exchange WhiteBIT, as part of its Institutional Night event, brought together C-level executives from investment banks, stablecoin issuers, and fintech companies at an iconic venue – the FC Barcelona Museum. The event featured panel discussions dedicated to stablecoin adoption in corporate treasuries and the infrastructure supporting digital asset transformation. JPYC debuts Japan's first regulated yen-pegged stablecoin
Tokyo-based fintech JPYC Inc. launched JPYC, a yen-pegged stablecoin, and opened issuance and redemption on its JPYC EX platform. The token is intended to maintain a 1:1 exchange rate with the yen and is backed by reserves held in bank deposits and Japanese government bonds. 
