Panther Journal / Topic

Stablecoins

3 stories

Panther Journal #018 conceptual monochrome illustration: a silver dollar token beneath two inspection lamps, representing dual EU supervision.

StablecoinsOct 15, 2026 · 19:37 UTC2 min read

USDC Gets Two EU Watchdogs. That Is Not a Safety Guarantee.

The EU has classified USDC as its first significant e-money token. A November 12 handover changes who supervises its financial safeguards—not whether holders should ask how they get their money back.

Conceptual monochrome illustration of a euro coin before a closed vault gateway, representing Qivalis licensed issuer status before its token launch. Panther Journal #012.

StablecoinsOct 14, 2026 · 15:54 UTC2 min read

37 Banks Have a Euro Stablecoin License. Where Is the Token?

Dutch authorization clears Qivalis to issue electronic money, but its bank-backed euro token is not live. The white paper, networks and redemption details are still the tests that matter.

Conceptual monochrome Panther Journal #004 illustration of a stablecoin crossing a border while reserve records remain on the other side.

StablecoinsOct 12, 2026 · 16:02 UTC4 min read

A stablecoin can cross borders. Its reserves may not.

A new FSB report warns that 24/7 stablecoin trading can outrun local reserves, redemption systems and legal protections during cross-border stress.