# Yield Dispatch

> Stablecoins, DeFi protocols and on-chain capital flows.

Canonical: https://yielddispatch.com/

## regulation news

- [FCA opens consultations on DeFi obligations and crypto permission boundaries](https://yielddispatch.com/news/90573ae8-09be-4cef-adfa-37d9196bfc96) — 2026-10-22T00:37:41.007Z
  Responses are due November 18 on existing-requirement guidance and proposed interpretations of cryptoasset exclusions, including technical access to DeFi.
  [Read as Markdown](https://yielddispatch.com/news/90573ae8-09be-4cef-adfa-37d9196bfc96/index.md)
- [OCC drops proposed stablecoin yield presumption and automatic redemption extension](https://yielddispatch.com/news/b74f7bb1-2e25-4760-a344-67e6a7e50fe3) — 2026-10-21T12:56:30.907Z
  The final GENIUS Act rule keeps the issuer yield ban and two-business-day redemption ceiling, with implementation set for January 18.
  [Read as Markdown](https://yielddispatch.com/news/b74f7bb1-2e25-4760-a344-67e6a7e50fe3/index.md)
- [EBA designates USDC significant, with split supervision starting November 12](https://yielddispatch.com/news/0f696ae8-70ff-4f04-baef-d45c70db259a) — 2026-10-15T06:48:18.346Z
  The October 14 announcement covers USDC. Specified supervisory functions move to the EBA on November 12, while France’s ACPR retains governance and other responsibilities.
  [Read as Markdown](https://yielddispatch.com/news/0f696ae8-70ff-4f04-baef-d45c70db259a/index.md)
- [ESMA asks supervisors to resolve legacy stablecoin exposure within three months](https://yielddispatch.com/news/49375c83-8358-4e00-9946-2eaa130e6534) — 2026-10-11T12:35:07.422Z
  An October 8 supervisory opinion extends expectations across MiCA services. The three-month ceiling concerns remaining legacy exposures, with continued services restricted to winding down existing holdings.
  [Read as Markdown](https://yielddispatch.com/news/49375c83-8358-4e00-9946-2eaa130e6534/index.md)
- [Tether outlines tenge stablecoin research with Kazakhstan’s central bank](https://yielddispatch.com/news/8e3a993b-852a-495b-9f7d-798ec656125c) — 2026-10-08T11:55:36.540Z
  An October 7 memorandum sets out stablecoin research and tokenization pilots with Kazakhstan’s central bank and Alatau authorities. Issuance and deployment remain unannounced.
  [Read as Markdown](https://yielddispatch.com/news/8e3a993b-852a-495b-9f7d-798ec656125c/index.md)

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