SS #63 - PwC Goes All In on Digital Assets Following New Stablecoin Laws

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We’re only one week into 2026, and the industry is already seeing a major move from the "Big Four." After years of keeping the sector at arm’s length, PwC is now aggressively expanding its crypto audit and consulting arms. The primary driver is the landmark GENIUS Act, which has finally established the legal guardrails necessary for institutional-scale adoption. PwC isn’t just watching from the sidelines anymore, they are actively pitching stablecoins to clients as the future of payment efficiency and programmable settlement.

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In Today's Edition:

• Headline: PwC Goes All In on Digital Assets Following New Stablecoin Laws

• Quick Bites: Jupiter Rolls Out Native JupUSD Stablecoin Backed 90% by Blackrock and Ethena’s USDTb

• Yield of the Week: 159.45% APY on Euler

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HEADLINE

PwC Goes All In on Digital Assets Following New Stablecoin Laws

State of play: PwC is ending years of regulatory hesitation by aggressively expanding its crypto audit and consulting services, driven by the landmark GENIUS Act which has finally provided the legal clarity needed for institutional-scale adoption.

• PwC CEO Paul Griggs confirmed the firm is "leaning in" to the sector, specifically citing the GENIUS Act as the catalyst that removed long-standing regulatory barriers.

• The firm is actively pitching stablecoins to clients as a primary tool for revolutionizing payment system efficiency and programmable settlement.

• PwC is "hyper-engaged" in scaling its resource pool, targeting opportunities in tokenization, audit, and tax advice to meet rising demand from banks and exchanges.

What’s Next: Expect a "domino effect" among the remaining Big Four firms (Deloitte, EY, KPMG) as they race to capture market share in the now-regulated U.S. stablecoin sector. We will likely see the first wave of major U.S. banks launching proprietary, GENIUS-compliant stablecoins by late 2026, supported by PwC-led compliance and audit frameworks.

Why it Matters: The GENIUS Act effectively reclassifies payment stablecoins as banking products rather than securities, resolving a multi-year jurisdictional war between the SEC and CFTC. This shift allows conservative "blue-chip" institutions to treat digital assets as legitimate financial infrastructure, paving the way for trillions in traditional capital to enter the ecosystem via tokenized assets.

Our Take: PwC’s pivot marks the transition of crypto from a "high-risk experiment" to a "standard corporate service." For the crypto community, this is a double-edged sword: while it brings massive liquidity and legitimacy, it also signals the end of the "Wild West" era.

QUICK BITES

• Coinbase to pause peso-based services in Argentina just one year after launch.

• Aave Labs moves to ease governance tensions with non-protocol revenue sharing.

• Jupiter rolls out native JupUSD stablecoin backed 90% by BlackRock and Ethena's USDtb.

YIELD OF THE WEEK

Euler Liquity Hub BOLD/USDC: 16.41%-159.45% APY

• The Euler strategy enables users to take directional positions by either using BOLD as collateral to borrow USDC or shorting USDC to go long on BOLD.

• The setup supports leverage of up to 13.31x, which corresponds to a maximum Loan-to-Value (LTV) ratio of 92.5%.

• Liquidity for the strategy currently stands at approximately $415K, with a liquidation threshold (LLTV) set at 95%.

Contango PT-sUSDE-5FEB2026/USDe on Aave V3: 5.52%-30.84%

• Contango enables users to open leveraged PT-sUSDE-5FEB2026/USDe positions on Aave v3 by looping Ethena-based stablecoins, including Principal Tokens (PT).

• The strategy allows for a maximum leverage of 12.15x, with the position structured to expire on February 5, 2026, to coincide with the PT's maturity date.

• Users utilizing the Contango platform for this automated looping strategy are subject to a service fee for the position.

Hylo sHYUSD: 12.22% APY

• Hylo Staked hyUSD serves as a yield-bearing token that represents a user’s proportional share of the Hylo Stability Pool.

• The system automatically compounds returns at the end of each network epoch by converting harvested yields from underlying assets into additional hyUSD for the pool.

• The token is designed for continuous value appreciation through this automated harvesting process and requires no manual lockups or extra steps from the user.

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Disclaimer: All the information presented in this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice.