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Circle MiCA Live, SoFi's $300M Token & Philippines CBDC Results
Audio is available on Spreaker — see link below.
Regulated stablecoins crossed from announcement to operation this week as Circle's MiCA entity goes live, SoFi's bank-issued token hits $300M on Solana, and the Philippines central bank posts wholesale CBDC settlement results. This fintech daily briefing also covers the EU's triple compliance squeeze, Ethereum Institutional's nonprofit launch, and India's Fibe IPO risk profile.
Audio is available on Spreaker — see link below.
Three separate institutions — a regulated fintech bank, a licensed stablecoin issuer, and a legacy European lender — all moved regulated digital money on public blockchains this week. That's not a trend forming.
SoFi's bank-issued stablecoin has now exceeded three hundred million dollars in total supply, with the majority of that growth concentrated on Solana. The important distinction here is what kind of institution is behind it.
Ethereum isn't standing still. Ethereum Institutional launched July first as an independent nonprofit, backed by BitMine, SharpLink, and Joseph Lubin, with a mandate to serve as a neutral gateway for enterprise adoption of Ethereum and its Layer 2 ecosystem.
While stablecoins scale, compliance infrastructure is being rebuilt in real time. The EU is running three major regulatory frameworks simultaneously: MiCA, the Instant Payments Regulation, and the Single Rulebook.
On the wholesale CBDC front, the Philippines central bank completed Project Agila, settling interbank transfers on a distributed ledger off-hours. One hundred and five thousand transactions in under ten hours.
India's Fibe has filed for a seven hundred and fifty crore rupee IPO with SEBI. The filing discloses a restated profit for fiscal year twenty-six, but it also reveals a loan book that is ninety-nine point three nine percent unsecured, active RBI scrutiny on AI underwriting models, and over seven hundred criminal proceedings against a subsidiary.
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