Daily brief: Treasury yields, dollar stablecoins, Kalshi pushback

CoinDesk's daily briefing flagged three developments. Treasury yields hit highs not seen since 2007, while Washington weighs using dollar stablecoins to strengthen the greenback's global role — a plan reportedly under consideration that would promote USD-pegged tokens abroad through joint ventures with private companies. Separately, Kalshi pushed back against reports of CFTC scrutiny, saying the regulator has not contacted it and denying it faces a formal investigation into its crypto perpetual markets.

The briefing lands as rate-sensitive crypto markets track rising yields, stablecoin policy advances on multiple fronts, and event- and derivatives-trading platforms face fresh regulatory attention.