South Korea Pushes Won Stablecoin After $115B Move to Dollar-Backed Tokens
Crypto South Korea advances plans for a won stablecoin after $115B shifts to dollar-backed tokens, with regulators debating issuance models and oversight.
Stablecoin
Visa Expands Stablecoin Pilot to Nine Blockchain Networks
Visa expands its stablecoin pilot to nine blockchains, boosting multi-chain settlement options and reaching a $7B annualized run rate.
Western Union to Launch USDPT Stablecoin in May
Western Union to launch USDPT stablecoin in May on Solana, enabling faster cross-border settlements and digital asset integration.
U.S. OCC Sets Draft Framework for Stablecoin Issuers Under GENIUS Act Framework
OCC proposes GENIUS Act framework for stablecoin issuers, outlining oversight rules while excluding AML provisions for now.
Hong Kong Issues First Stablecoin Licenses To Banks
Hong Kong issues first stablecoin licenses to HSBC and Anchorpoint, enabling regulated HKD-pegged issuance and cross-border payments.
Polygon Targets $100M Raise for Stablecoin Payments
Polygon seeks up to $100M to expand stablecoin payments, leveraging acquisitions and rising global adoption.
Circle Unveils Managed Services to Simplify Payments
Circle launches Managed Services to simplify stablecoin payments, reducing complexity and enabling faster global settlement.
Ripple Tests RLUSD Stablecoin in Singapore Trade Sandbox
Ripple tests RLUSD stablecoin in Singapore sandbox, aiming to automate trade finance and improve cross-border payment efficiency.
Deloitte and Stablecorp Launch QCAD, a Stablecoin Infrastructure for Canadian Financial Institutions
Deloitte Canada partners with Stablecorp to build QCAD stablecoin infrastructure, advancing faster and compliant digital payments.
PayPal Expands PYUSD Stablecoin to 70 Global Markets
PayPal expanded PYUSD to 70 markets, enabling faster global payments, lower costs, and broader access to digital dollar services.
HSBC and Standard Chartered Near Hong Kong Stablecoin Licenses
Hong Kong may issue its first stablecoin licenses around March 24 as HSBC and Standard Chartered emerge as leading candidates.
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