In the first quarter of 2025, South Korea witnessed significant cryptocurrency outflows totalling nearly 57 trillion won, with dollar-based stablecoins making up almost half the total. This data, sourced from the Financial Supervisory Service and revealed by Democratic Party lawmaker Min Byung-duk, highlights the growing trend of capital migration from ...
Coinbase CEO Brian Armstrong urges Congress to fast-track legislation on stablecoins and market structure to pass both bills before the August recess. In a recent statement, Armstrong stressed the urgency of leveraging the momentum created by the ongoing FIT21 discussions in the House, believing it could propel both pieces of ...
Denis Beau, the first deputy governor of the Banque de France, has warned that the recent executive order from the Trump administration promoting dollar-backed stablecoins could significantly adversely affect Europe’s financial independence. He stressed the urgent need for Europe to accelerate the development of a digital euro to protect its ...
Circle has unveiled the Circle Payments Network (CPN), a new global infrastructure to transform cross-border money movement by connecting financial institutions through regulated digital currencies. According to Circle, the CPN eliminates inefficiencies in international payments by allowing real-time settlements using Circle-issued stablecoins such as USDC and EURC. The network aims ...
Borderless.xyz has teamed up with Mexican fintech firm Capa to expand its global stablecoin payment infrastructure across Latin America, aiming to streamline cross-border transactions. This partnership connects Capa’s robust local payment rails with Borderless.xyz’s global network, which supports stablecoins and real-world assets (RWAs), enabling faster, more cost-effective, and reliable payments ...
Hong Kong-based digital asset custodian Hex Trust has teamed up with fintech company IDA to deliver institutional-grade custody services for IDA's stablecoin products. This partnership aims to enhance cross-border commerce and digital payments, ensuring secure and compliant custody solutions for IDA's stablecoin operations. Hex Trust, known for its multi-jurisdictional licenses ...
Tether CEO Paolo Ardoino revealed that the company might explore launching a U.S.-specific stablecoin, contingent upon new regulations that could foster greater competition in the market. In an interview with the Financial Times, Ardoino shared that Tether is deeply involved in discussions regarding U.S. stablecoin regulations. He emphasized that the ...
On Wednesday, April 3, the House Financial Services Committee voted to advance the STABLE Act, which provides clarity and structure to the stablecoin market. H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 passed Committee 32-17. pic.twitter.com/pvzTOfTTr1 — Financial Services GOP (@FinancialCmte) April ...
In a major step toward financial innovation, the Wyoming Stable Token Commission has partnered with LayerZero to develop and distribute the state’s official stablecoin. Announced on March 26 at the DC Blockchain Summit, Wyoming Governor Mark Gordon and Commission Executive Director Anthony Apollo confirmed that the Wyoming Stable Token (WYST) ...
Fidelity Investments, a major asset manager with $5 trillion in assets, is reportedly in the final stages of testing its stablecoin to function as cash in cryptocurrency markets. This development is part of Fidelity's broader expansion into digital assets, with the token managed through its digital assets division. Specific details ...
