Key Takeaways In a major development, New Zealand’s crypto regulation got a notable update this week after the country’s Financial Markets Authority(FMA) cleared a homegrown stablecoin from being classified as a financial product, a distinction that could shape how digital…
Key Takeaways South Korean payments giant BC Card has moved a step closer to integrating stablecoins into everyday commerce, completing a pilot that allowed overseas visitors to pay Korean merchants using digital assets. The trial, announced on Tuesday, involved blockchain…
In the fast-paced world of decentralised finance (DeFi), where innovation often comes wrapped in layers of complexity, Lulo stands out with its straightforward tagline: “The Modern Way to Grow your Wealth.” This mobile-first savings app, built on the efficient Solana…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
Key Takeaways In a major development, UK Finance, a leading trade association has launched a joint pilot project for tokenized sterling deposits (GBTD). The project, announced on Friday, is the first large-scale industry attempt to explore how blockchain-based representations of…
Key Takeaways Hong Kong’s ambition to build a regulated stablecoin hub is now facing major headwinds. The Hong Kong Monetary Authority (HKMA) has circulated draft rules for consultation that would lower capital requirements for banks dealing with crypto, but mainland-linked…
Key Takeaways Paxos, a U.S.-regulated stablecoin infrastructure provider, has announced plans for USDH, a Hyperliquid-first stablecoin designed to comply with both the U.S. GENIUS Act and Europe’s Markets in Crypto-Assets (MiCA) framework. The company said USDH is “purpose-built to drive…
If Bitcoin is the original idea of digital gold and Ethereum is programmable money, then stablecoins are the quiet workhorses that make decentralised finance possible. They may not generate the same kind of hype, but every serious trader, lender, and…
Key Takeaways Monex Group, a leading Japanese financial services firm listed on the Tokyo Stock Exchange, is preparing to step into the stablecoin arena. Chairman Oki Matsumoto revealed in a recent local media interview that the company is weighing the…
Key Takeaways Ronit Ghose, head of Citi’s Future of Finance, has cautioned that allowing stablecoins to pay interest may trigger a significant shift of funds out of traditional banks, drawing comparisons to the money market boom of the late 20th…
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