Federal Reserve Governor Stephen I. Miran said the stablecoin market could reach $1 trillion to $3 trillion by 2030, potentially reducing the U.S. neutral interest rate by up to 40 basis points. Miran explained that increased demand for Treasury securities and dollar-linked assets from stablecoin reserves may push down borrowing costs. He drew parallels to the early-2000s global savings glut that previously depressed rates worldwide.

The Bank of England has published a consultation paper proposing oversight rules for systemic sterling-denominated stablecoins used in payments and settlements. The framework requires issuers to hold at least 40% of reserves at the central bank and up to 60% in short-term UK government debt. Temporary holding limits are set at £20,000 for individuals and £10 million for businesses during the implementation phase.

The Bank of England launched a consultation on November 10, 2025, proposing regulatory requirements for systemic sterling stablecoins in UK payment systems. The framework introduces temporary holding caps of £20,000 for individuals and £10 million for businesses. Reserve requirements mandate issuers maintain 60% in short-term UK gilts and 40% in non-interest Bank of England accounts.

The Bank of England has released a consultation paper proposing temporary holding limits of £20,000 for individuals and £10 million for businesses on sterling-denominated systemic stablecoins. Deputy Governor Sarah Breeden said the caps aim to prevent rapid deposit outflows from commercial banks that could threaten credit availability. Industry leaders have criticized the restrictions as overly cautious compared to the U.S. GENIUS Act framework, which imposes no ownership limits.

Cryptocurrency investment products experienced $1.17 billion in net outflows last week as institutional investors reduced exposure. Bitcoin-focused vehicles accounted for $932 million in withdrawals, while Ethereum products saw $438 million exit. Despite the selling pressure, Bitcoin's price climbed above $106,000 during the period.

Hong Kong corporates will price multi-currency digitally native bonds on November 10, 2025, according to S&P. The bonds will be denominated in USD, HKD, EUR, and offshore yuan, with blockchain technology managing ownership and terms. HSBC or Goldman Sachs platforms will oversee the issuance, which has received an AA+ rating from S&P.

Bitcoin climbed above $106,000 and Asian equity markets posted gains following the US Senate's advancement of a funding deal to end the government shutdown. The Senate secured a 60-vote cloture agreement on Sunday, with the package now moving to the House and President Trump for final approval.

South Korea's Financial Services Commission plans to submit a government-sponsored stablecoin bill by the end of 2025, competing with five proposals already under National Assembly review. The Bank of Korea released a stablecoin whitepaper on October 27 and is seeking a role in licensing and monitoring. Jurisdictional tensions have emerged as both institutions pursue oversight authority over the emerging market.