Stablecoin

On January 30, 2026 (UTC), industry participants said India's Budget 2026 is expected to prioritize clearer crypto rules and lower tax friction. Expectations include reducing the 1% TDS under Section 194S and allowing VDA loss offsets, while the current 30% flat tax, no deduction of transaction costs, and gift tax above ₹50,000 remain in force.

Cardano's open interest declined to $607 million in the last 24 hours, an 8% drop that coincided with a broader crypto market sell-off and $1.74 billion in liquidations. ADA traded at $0.3274 after falling 5.44%, while long positions made up most of the $1.64 billion in long crypto liquidations. At the Midnight Tour in Japan, Cardano founder Charles Hoskinson announced a signed agreement to integrate the USDCx stablecoin into the Cardano ecosystem, backed by a 70 million ADA budget.

In late 2025, the Bank of England proposed a 60/40 reserve model and holding caps for sterling-backed stablecoins. On 29 January, the U.K. Parliament’s Financial Services Regulation Committee launched an inquiry to assess growth, risks, and these frameworks, with evidence submissions due by 11 March 2026. Critics warn the caps—£20K per individual and £10 million per business—could undermine competitiveness.

Coin Metrics data show top-10 altcoins now control roughly 82% of non-Bitcoin market cap, narrowing breadth since 2021. Wintermute reported average altcoin rallies lasted about 19 days in 2025 versus 61 in 2024, while CCData said December 2025 volumes fell 26.4% to $5.79 trillion. In this setup, recoveries tend to favor majors over small caps.

UK crypto ownership has declined to 8% from 12% in 2024, equating to about 4.6 million adults versus roughly seven million previously. Despite slower adoption, existing investors are increasing stakes: the £1,001–£5,000 cohort rose to 21% from 17%, and £5,001–£10,000 reached 11%. Recognition of Bitcoin remains strong, and stablecoin awareness has climbed.

The Democratic Party of Korea plans to table the Virtual Asset Phase 2 Act before the Lunar New Year, focusing on stablecoin oversight and ownership limits for crypto exchanges. The package highlights a ~$3.46 million (5B won) capital floor for issuers as debates continue over a 15%–20% shareholder cap and whether banks or tech firms should issue KRW-pegged tokens.

On January 30, 2026, Binance CEO Richard Teng endorsed the company's open letter addressing market volatility and service standards. The letter outlined plans to convert the $1 billion SAFU, currently in stablecoins, into Bitcoin over the next thirty days and to top the fund back up if its value falls to $800 million.

On January 30, 2026, Binance said it will convert $1 billion from its SAFU reserves into Bitcoin, moving funds out of stablecoins. At the time of writing, Bitcoin hovered near $82,379 after recent declines. The step echoes a March 2023 allocation that preceded a broad crypto market upswing.

Circle Internet Group plans to spend 2026 strengthening its payments network and Arc, its institution-oriented layer-1 blockchain, to support broader corporate and institutional stablecoin adoption. The company aims to move Arc from testnet to production and extend the reach of USDC, EURC, USYC and partner-issued stablecoins across more chains while simplifying their everyday use.

During Q4 2025, Avalanche's tokenized real‑world assets climbed 68.6% to over $1.3 billion, aided by the November launch of BlackRock's $500 million BUIDL and a loan tokenization push by FIS and Intain. Despite this, AVAX fell 59% to $12.3 in Q4 and is down another 10.5% in 2026, with VanEck's Avalanche ETF debuting on Monday.