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Cryptocurrency

Bank of Mexico warns fragmented rules heighten stablecoin risks

Mexico's central bank has issued a new financial stability report warning that stablecoins may pose significant risks to the financial system due to rapid growth, traditional-finance exposure and inconsistent global regulation.

The report highlights stablecoins’ dependence on short-term US Treasuries and the high market concentration in which two issuers control 86% of supply, increasing vulnerability during market stress.

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Cryptocurrency

Binance expands support for Trump-linked USD1 stablecoin

Binance has deepened its integration with World Liberty Financial's USD1 stablecoin by adding new zero-fee trading pairs and incorporating USD1 as collateral backing its own BUSD stablecoin.

The exchange introduced fee-free USD1 pairs for Ether (CRYPTO:ETH), Solana (CRYPTO:SOL) and BNB (CRYPTO:BNB), expanding on its existing Bitcoin (CRYPTO:BTC) pair and increasing the stablecoin’s visibility across major markets.

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