Federal Reserve Governor Stephen Miran said wider stablecoin adoption could put downward pressure on short-term interest rates, noting rising demand for US Treasury bills from stablecoin issuers. $XPL

The Bank of England proposed allowing issuers to hold up to 60% of reserves in government debt, alongside other rule changes, while keeping planned caps on how much stablecoin individuals and businesses can hold.@Plasma

Circle reported quarterly results above expectations, driven by higher reserve income and increased USDC circulation.#Plasma