Stablecoin

Highlights: KakaoBank eyes Won-backed stablecoins amid South Korea’s digital asset market expansion. KakaoBank aligns with national efforts to regulate and issue local currency-backed stablecoins. Kakao’s stablecoin task force unites key affiliates to streamline digital asset strategies. KakaoBank has revealed its […]

Highlights: SEC’s updated stablecoin accounting rules now allow qualifying U.S. dollar-pegged tokens to be treated as cash equivalents. Stablecoins with full cash or Treasury backing, a 1:1 U.S. dollar peg, and guaranteed redemption rights are now eligible for cash classification. […]

The crypto market faced sharp shifts last week as macro factors weighed on prices and sentiment. The White House outlined a national digital asset strategy, aiming for global leadership. Ethereum revealed a 10-year development roadmap while hitting a $10 billion […]

Highlights: Bank of Korea creates virtual asset unit to lead stablecoin talks and crypto monitoring. BOK also renames the CBDC team to show a move from research to real digital work. The bank delays CBDC test as stablecoin support grows […]

Highlights: Nigeria SEC backs stablecoin startups within regulatory limits. Startups now operate within the Nigeria SEC’s innovation sandbox. New digital asset rules aim to drive economic innovation. Nigeria has officially announced that it will welcome stablecoin companies to the country, […]

Highlights: OSL Group raised $300 million to speed up stablecoin and payment network development. Investor confidence grows as OSL stock jumps 120% despite a discounted fundraising share price. New acquisitions and licenses position OSL as a major regulated crypto industry […]

Highlights: Ethena has broken out of a range between $0.543 and $0.433 Closing above $0.543 resistance could trigger a rally to $0.60 in the short term Rally likely to be driven by excitement around USDtb launch in the US market  […]

Highlights: Anchorage Digital partners with Ethena Labs to launch the first GENIUS-compliant stablecoin. USDtb stablecoin will be issued in the U.S. under Anchorage’s federal crypto bank license. The move enables regulated institutional access to programmable digital dollars. Anchorage Digital has […]

Highlights: Abu Dhabi courts now accept crypto payments for legal fees via AE Coin. AE Coin has backing from the UAE central bank and is pegged to the dirham. This is the first official crypto payment rollout by a Middle […]

The crypto market had a landmark last week, with Bitcoin hitting a new all-time high above $123k and pushing the global market cap to $4 trillion. Major developments included Trump’s signing of the stablecoin bill, SEC reforms, IPO filings, regulatory […]

Highlights: Ripple has applied for an EMI license in Luxembourg to expand the RLUSD stablecoin. The banking network in Luxembourg promotes the RLUSD stablecoin to comply with EU rules regarding reserves. RLUSD has seen strong traction, with over $500M in […]

Highlights: Shanghai officials met to discuss stablecoins, showing a possible shift in China’s approach to digital currencies. Hong Kong may lead the stablecoin plans in the country as firms prepare to issue tokens under the new rules. China has warned […]