US and UK central bankers clash over future role of stablecoins

Top news and prices for the major cryptocurrencies.

US and UK central bankers clash over future role of stablecoins. Senior policymakers from the US Federal Reserve and the Bank of England offered sharply different views on the future of stablecoins during a discussion on digital payments and monetary policy. Speaking at the 32nd Dubrovnik Economics Conference in Croatia, Federal Reserve Governor Christopher Waller argued that the growing adoption of US dollar-backed stablecoins could strengthen the international reach of US monetary policy. According to Bloomberg news, Waller said countries that increasingly use dollar-linked stablecoins may effectively import US financial conditions. In contrast, Bank of England policymaker Megan Greene suggested that stablecoins may eventually lose relevance as financial innovation evolves, as reported by Reuters on May 31.

Crypto platform losses plunge in May as exploit activity eases. Losses linked to exploits of cryptocurrency platforms dropped sharply in May, falling to $68.3 million from $650 million in April, according to data released by blockchain security firm CertiK. The total marks one of the lowest monthly loss figures recorded this year, with May becoming the third month of 2026 in which losses remained below the $100 million threshold. The decline follows a particularly severe April, which saw some of the largest exploit-related losses in recent years. CertiK said phishing attacks accounted for approximately $2.6 million of the funds stolen during May.

Japan’s ruling party backs crypto ETFs and yen stablecoin growth. Lawmakers from Japan’s ruling Liberal Democratic Party have proposed a series of cryptocurrency reforms, including support for crypto exchange-traded funds and the development of yen-denominated stablecoins, as reported by local news on Monday. The recommendations, submitted to Finance Minister Satsuki Katayama by the party’s Parliamentary Association for the Promotion of Blockchain, cover areas including stablecoins, central bank digital currencies, blockchain applications and digital asset investment products. The proposal also calls for an increase in the leverage limit for retail crypto derivatives trading and the creation of a regulatory framework for crypto ETFs.

US sanctions Iranian crypto exchanges in latest measures. The US Treasury has imposed a new round of Iran-related sanctions, targeting four Iranian nationals and four cryptocurrency exchanges as part of its latest enforcement action. According to a notice published by the Treasury Department, the measures apply to Iran-based digital asset platforms Nobitex, Bitpin, Ramzinex and Wallex. The Treasury also warned that foreign financial institutions and individuals could face sanctions if they engage in certain transactions involving the designated exchanges, expanding the potential reach of the restrictions beyond Iran.

Digital asset treasury inflows collapsed to $180 million in May. Monthly inflows into digital asset treasury companies fell sharply to $180 million in May, marking their weakest level since October 2024, according to DefiLlama data. The figure represents a 95% drop from April’s $4.4 billion and sits roughly 93% below the monthly average recorded between January and May. The slowdown comes after two unusually strong months for the sector, with inflows of $4.2 billion in March followed by $4.4 billion in April. Bitcoin treasury companies accounted for the vast majority of May activity, drawing $177 million, or about 98% of total inflows.

Best performing crypto in the top 10 over the last week: USDT (+0.05%)

Best performing crypto in the top 100 over the last week: Humanity (+119.18%)

As of June 5, 2026, 08:16 CET

The market's volume has reached $127.198 billion over the past 24 hours.

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