In a strategic decision toward modernizing its monetary system, the Bank of Korea (BOK) announced it is exploring the use of public blockchains to power its upcoming deposit tokens. The move, revealed by Deputy Governor Lee Jong-ryeol at the Blockchain Leaders Club in Seoul, signals a rare alignment between central
A recent projection by Scott Bessent, U.S. Treasury Secretary and current CEO of Key Square Group, estimates that stablecoin issuers could inject up to $2 trillion into the U.S. Treasury market. This forecast points to a significant shift in financial markets, driven by digital assets and new regulatory developments. During
Large banks venture into digital currency to remain competitive within the new crypto-financial environment. In a dramatic change of strategy, top US banking institutions JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others are said to be in preliminary talks to issue a jointly created stablecoin. As quoted by
Braza Group has officially launched USDB, a new USD-pegged stablecoin issued on the XRP Ledger (XRPL), bringing a secure and cost-effective digital currency option to individuals and businesses in Brazil. The announcement, made on May 22, 2025, marks a significant leap in the company’s mission to modernize financial services and
In a landmark moment for the crypto world, the U.S. Senate has advanced the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, commonly known as the GENIUS Act, by voting 66-32 to close out the bill and vote on it one last time. The bill aims to
Tether’s withdrawal of USDT, the world’s most actively traded stablecoin, from the European market in response to MiCA regulations has created a humongous $150 billion liquidity gap. This sudden withdrawal has presented an opportunity for Ripple’s RLUSD to take dominance. The EU’s MiCA regulation that came into force in December
Stablecoin regulation has gained momentum after President Donald Trump stressed its importance several times. The President and other government officials, such as David Sacks, believe that US Dollar-backed stablecoins hold the potential to increase dollar dominance across the globe. Taking things forward, the US Senate advanced the long-awaited GENIUS Act
Mastercard has partnered with MoonPay to launch a payment card which will allow users to transact with stablecoins at around 150 million merchants worldwide. This collaboration marks another step in Mastercard’s growing commitment to crypto, even as regulatory questions linger over stablecoins. Mastercard and MoonPay Join Forces to Expand Stablecoin
Brazil is accelerating its cryptocurrency regulatory framework, positioning itself ahead of the United States. According to a report by The Defiant, the Central Bank of Brazil (BCB) has enforced strict rules to tackle stablecoin transfers to increase security and management. These rules limit the movement to self-custody wallets, particularly the
Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
