Sony Bank plans to introduce a dollar-pegged stablecoin in the United States by fiscal 2026, according to sources cited by Nikkei. The digital currency will target U.S. consumers purchasing Sony's gaming and anime content. Sony Bank filed for a U.S. banking license in October and has partnered with stablecoin issuer Bastion to support the project.

South Korea's ruling and opposition parties have agreed on a stablecoin regulatory framework, with lawmakers targeting passage of the Digital Asset Basic Act by January 2026. The legislation establishes a consortium model requiring banks to hold at least 51% equity, while technology firms may participate as minority stakeholders. A December 10 deadline has been set for government proposal submission.

Ripple Labs received regulatory approval from the Monetary Authority of Singapore to expand its payment services under its Major Payment Institution license. The expanded scope allows Ripple Markets APAC to provide a wider range of regulated payment activities to banks and corporate clients in Singapore. The approval supports infrastructure development for cross-border payment solutions using digital tokens including RLUSD and XRP.

Grayscale will convert its private Chainlink trust into the first US spot LINK exchange-traded fund, according to Nate Geraci of ETF Institute. Bloomberg Intelligence senior ETF analyst Eric Balchunas projects a December 2 launch date based on internal listings data. The product will offer regulated spot exposure to the oracle token and incorporate staking-related returns where permitted.

Yearn Finance's yETH product suffered an exploit on November 30, 2025, enabling unlimited token minting that drained Balancer pools. Attackers extracted approximately 1,000 ETH valued at $3 million and transferred the funds through Tornado Cash, according to blockchain journalist Colin Wu. The platform confirmed its V2 and V3 Vaults remained unaffected and operational.

Yearn Finance confirmed an exploit targeting its yETH liquid staking token pool on November 30, 2025. An attacker exploited an infinite-mint vulnerability to drain millions in liquid staking tokens, routing approximately 1,000 ETH (around $3 million) to Tornado Cash. The protocol stated that Yearn Vaults V2 and V3 remain unaffected.

Yearn Finance's yETH product was exploited, resulting in approximately $3 million worth of ETH transferred to Tornado Cash. The attacker minted an excessive amount of yETH tokens through a vulnerability, draining liquid staking tokens from the pool in a single transaction. Yearn confirmed the incident affected only the yETH LST stableswap pool, with Yearn Vaults remaining secure.

Fidelity's tokenized money-market fund operating on Ethereum has exceeded $250 million in assets under management, according to crypto trader Cryptorand. The fund experienced rapid growth from September through November 2025, while ETH maintained support above $3,000. The expansion reflects increased institutional adoption of blockchain-based yield products.