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Stablecoin Showdown: Tether Delisted, RLUSD at $2B & BoE Mandate | Aug 27
Audio is available on Spreaker — see link below.
MiCA forces Revolut to delist USDT and launch its own euro stablecoin EURR, while Ripple's RLUSD crosses $2 billion and the UK signals a pro-stablecoin Bank of England mandate. Today's crypto market briefing covers the regulatory forces actively reshaping stablecoin infrastructure across Europe and the UK.
Audio is available on Spreaker — see link below.
Revolut just removed Tether from European accounts. That one decision tells you more about where the stablecoin market is heading than almost anything else happening right now.
Here's the important distinction. This isn't just a token swap.
Moving to the UK, there's a meaningful policy signal worth tracking. The Treasury announced on August twenty-seventh that the Bank of England will receive a secondary statutory objective to support innovation in digital payments and stablecoins, while maintaining financial stability.
Ripple's RLUSD crossed two billion dollars in total supply on August twenty-sixth and twenty-seventh. Five hundred and forty million dollars was minted in the past thirty days alone on the XRP Ledger.
The XRPL settled one hundred and fifty-nine point nine billion dollars in transaction volume in the first half of twenty twenty-six. Stablecoin supply on the ledger expanded over one thousand one hundred percent year over year.
On the DeFi security side, an attacker drained twenty thousand dollars from a PancakeSwap liquidity pool on August twenty-sixth by exploiting a faulty transfer function in FHToken's smart contract. The mechanism was a repeated buy-sell loop that the custom transfer logic failed to block.
The near-term signals to track: whether Revolut's EURR builds real trading liquidity in its initial three markets, and whether the UK BoE mandate clears the Lords in its current form. Those two outcomes will tell us a lot about how fast compliant stablecoin infrastructure can actually scale in Europe.
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