South Korea unveils roadmap for won stablecoins and currency reforms
South Korea has unveiled a roadmap to make the Korean won a freely convertible currency, pairing foreign exchange reforms with a legal framework for won-backed...
Tag : stablecoins
Trump targets Brazil’s Pix as dollar stablecoins gain ground
The United States is preparing to impose a 25% tariff on most Brazilian imports after naming the country’s Pix instant-payment system among trade practices it...
SWIFT just built its answer to stablecoins. It runs on bank money, not crypto.
The network that moves the world’s money spent 9 months building a blockchain, and the most important decision it made was what not to put...
Crypto Biz: When dollars disappear, stablecoins step in
Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in...
ECB Warns Stablecoins May Drain Bank Deposits—Here's What That Means
In brief ECB board member Cipollone warned Friday that stablecoin growth could strip European banks of retail deposits, on top of the fees and transaction...
US, UK treasuries to align transatlantic rules on tokenization and stablecoins
The US Department of the Treasury and HM Treasury released a set of recommendations as part of the Transatlantic Taskforce for the Markets of the...
Dollar stablecoins could improve FX access but amplify currency runs: IMF paper
Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure...
Crypto Biz: How stablecoins found their niche
Crypto’s infrastructure is starting to look a lot more like traditional finance. New data from Dune shows that the world’s stablecoin leaders — Tether’s USDT...
Sony Bank gets US regulator nod to issue stablecoins
Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue...
Ethereum Price Stabilizes as Tether Burns $2.5 Billion USDT Stablecoins
Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. Although ETH barely flinched, as...