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South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. According to blockchain media outlet NexBlock, Gyeonggi Province, the country’s most populous province, will begin testing a…
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Metaplanet studies Bitcoin-backed digital credit with JPYC and Progmat, but says no product or issuance terms have been set in Japan as yet.
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The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains stalled. According to local reports from Digital Asset and EDaily, the Bank of Korea…
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PayPal USD (PYUSD) has become natively available on Polygon through the Polygon Open Money Stack, giving businesses direct access to the regulated stablecoin across payment, compliance and fiat conversion services. According to a press release shared with crypto.news, Paxos-issued PYUSD…
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The article was updated with a correction to state that BitGo has been granted full OCC approval. Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, moving…
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Hyundai Card has completed its first stablecoin-based cross-border remittance test, settling a $20,000 payment between Hyundai Motor’s U.S. and Mexican entities in about seven minutes using USDT on Avalanche. According to a Hyundai Card press release, the proof-of-concept (PoC) involved…
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AI Financial is in talks to sell its payments unit for up to $15m after WLFI losses hit shares tied to the Trump crypto project.
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MiCA-compliant euro stablecoins grew 128% to $673.9M before the EU deadline, Decta said, even as dollar tokens still dominate.
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Visa data shows USDC carrying 70% of adjusted stablecoin volume, double USDT. How Circle won settlement, Tether kept savings, and what breaks the truce.
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RealFi has launched its public testnet, opening access to the first live version of its yield-bearing stablecoin infrastructure ahead of a planned mainnet release later this year. According to a press release shared with crypto.news, the public testnet gives users,…
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Former Tether CIO Richard Heathcote reportedly seeks to sell part of his stake as USDT leads stablecoins and Tether stays private this year.
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A7A5 was engineered to be unstoppable: a ruble token with no freeze function, backed by a sanctioned bank, majority-owned by a convicted fugitive, and launched beyond the reach of Western regulators. Its issuer claims tens of billions in volume. Blockchain…
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Stablechains like Tempo, Arc, Plasma, and Stable are blockchains built for stablecoin payments with dollar gas fees. How they work and who builds them.
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South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with a reported 100% transaction success rate. According to South Korean news outlet Newsis, the K-STAR…
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On June 30, more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, Google, and Circle’s most important ally, Coinbase, unveiled a stablecoin designed to give away the exact revenue stream Circle lives on. CRCL cratered 17% in a day and…
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South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…
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