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The central Bank of Brazil has targeted the next, more "heavy" layer of crypto regulation: rules for institutional virtual asset service providers (VASPs) that operate in a B2B model and maintain infrastructure for banks, fintech, brokers and large corporations. We are not talking about a showcase for retail, but about the "pipes and rails" of the market: custodians, compliance circuits, corporate wallets, settlement gateways, tokenization and integration with payment circuits.

Western Union has announced the launch of a pilot project to introduce stablecoins into the international money transfer system. The company expects that the technology will speed up transactions and reduce costs.

Stablecoins and decentralized finance (DeFi) have transformed from a niche hobby into a serious competitor for traditional banks. Experts' concerns are related to the massive outflow of customer deposits attracted by higher interest rates in the crypto world. The banking sector is facing an unprecedented challenge in recent decades.