STORY: From Circle's views of a yuan-backed stablecoin... to why World Liberty Financial's early investors could be restricted... This is Crypto Weekly.
:: Crypto Weekly
:: Circle eyes yuan-backed stablecoin
Circle Internet Group says it sees "tremendous opportunity" for yuan-backed stablecoin.
The comments came from Circle's CEO - who runs the world's largest regulated stablecoin issuer.
Jeremy Allaire said China wants to expand the yuan's role in the global financial system.
And that stablecoins have emerged as a way to "export" a currency by making it easier for global payments.
:: Hong Kong's stablecoin licenses
Hong Kong has issued its first licenses for fiat-backed stablecoins.
The Hong Kong Monetary Authority said on Friday it had approved HSBC and a joint venture by Standard Chartered...
to issue stablecoins backed by the Hong Kong dollar under the city's new stablecoin regime.
:: Deutsche Boerse's stake in Kraken
German exchange operator Deutsche Boerse has said it had acquired a $200 million stake in U.S.-based cryptocurrency exchange Kraken.
The investment is being made through the acquisition of existing shares as part of a secondary market transaction.
And results in a fully diluted stake of 1.5 %.
:: World Liberty Financial's early investors
World Liberty Financial, the crypto venture co-founded by President Trump and his sons, released a new proposal this week...
that would prevent early investors from trading tokens for two years - followed by an additional two-year vesting period.
The measure will be subjected to a vote in one week.
It means early investors holding 17 billion tokens won't have the ability to trade all of their tokens until 2030...
A year after the president is scheduled to leave office.
