Ant International, the overseas arm of Jack Ma-backed Ant Group, is preparing to roll out stablecoin services across major Asian financial hubs, according to a Bloomberg report. The move represents a significant shift for one of the world’s largest payment processors, which handled over $1 trillion in global transactions in ...
South Korea’s ruling Democratic Party has introduced a groundbreaking bill to legalize the issuance of stablecoins by local companies, marking a major step forward for the country’s digital asset sector. The Digital Asset Basic Act, unveiled just days after President Lee Jae-myung’s election victory, aims to modernize South Korea’s crypto ...
Ripple’s U.S. dollar-backed stablecoin RLUSD has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC), marking a key milestone for the firm’s global expansion efforts. The green light makes RLUSD one of the few stablecoins approved under both the DFSA’s ...
OSL Wealth, a division of OSL Group, has introduced a new yield-generating stablecoin product tailored for institutional and professional clients. This offering utilizes Ethena Labs’ Staked USDe (sUSDe), providing dollar-pegged stability combined with attractive on-chain yields and daily liquidity. Clients can access the product through OSL’s OTC desk, trading with ...
South Korea’s largest political party is urging the government to fast-track the institutionalization of Korean won-pegged stablecoins, taking inspiration from the Trump administration’s recent stablecoin legislation. According to local media Edaily, lawmakers from the Democratic Party are calling for regulatory frameworks to support KRW-backed stablecoins. Min Byeong-deok, chairman of the ...
Worldwide Stablecoin Payment Network (WSPN) has launched a newly redesigned website, reinforcing the company’s growing role as a frontrunner in next-generation stablecoin infrastructure. This relaunch marks a pivotal shift for WSPN as it moves beyond conventional stablecoin offerings. The updated platform highlights the company’s ambition to transform the digital economy ...
Stablecoin (STABLE) saw a modest uptick in trading on May 23, with its price rising 2.23% over the past 24 hours to $0.051148, according to CoinGecko data. Over the past seven days, the token has gained 3.03%, with 24-hour trading volume reaching $189.25. The price movement coincides with significant developments ...
Several major U.S. banks are reportedly in early-stage discussions to develop a joint stablecoin project, amid growing momentum in Washington to establish a regulatory framework for digital assets, according to sources cited by the Wall Street Journal on Friday. Exclusive: Major U.S. banks are exploring a joint stablecoin to compete ...
RD Technologies has welcomed the passage of Hong Kong’s new Stablecoins Bill, describing it as a crucial step in strengthening its position as a global hub for digital assets. ???? RD Technologies warmly congratulates the passage of the Stablecoins Bill in its third reading — ushering in a new era ...
Hong Kong has taken a major step forward in regulating digital finance with the Legislative Council’s passage of the Stablecoins Bill, introducing a formal licensing framework for fiat-referenced stablecoin (FRS) issuers. The new legislation, welcomed by the government on Wednesday, is designed to enhance the city’s virtual asset regulatory environment, ...
