Tag: Stablecoin

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Ethereum

SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia

The Japanese financial giant is acquiring a 20% stake in the Indonesian online brokerage to build a cross-border, blockchain-based settlement network.
Ethereum

Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea

Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models.
Ethereum

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

The London-based multinational bank with $850 billion in assets announced it will distribute Anchorpoint's HKDAP to eligible clients and partners.
Ethereum

Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments push

The firm raised $68 million as its revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.
Ethereum

The stablecoin yield clash that won’t go away has banks, crypto battling over tradition

The battle is likely to be finished one way or another next month, when the Clarity Act gets its final three weeks of Senate...
Ethereum

Stablecoin issuer RedotPay said to put U.S. IPO plan on hold: Bloomberg

Stablecoin payments company RedotPay delayed a planned $1 billion U.S. IPO to deal with legal issues, Bloomberg reported Friday, citing people familiar with the...
Regulation

Slovenia joins EU’s MiCA stablecoin register with first issuer

Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs.
Ethereum

Why Visa, Mastercard and Coinbase aren’t abandoning USDC stablecoin for Open USD

Recent earnings calls from Open USD's highest-profile backers, however, paint a more nuanced picture. Executives at Coinbase, Visa and Mastercard all said they intend...
Ethereum

A massive stablecoin fragmentation war is brewing between tech giants and a startup is aiming to capitalize on it

The stablecoin market is fragmenting, and onchain capital allocator Spark is betting it can capitalize on the split.Fintechs, exchanges and banking groups are increasingly...
Regulation

South Korea report proposes stablecoin rules before crypto law

Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.
Regulation

Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...
Regulation

IMF warns Brazil’s stablecoin activity outpaces traditional capital flows

The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows.
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