News Archive
Browse retained market reporting from the past 30 days.
Crypto Briefing
Uzbekistan's stablecoin trial could enhance regional financial integration and stability, offering a state-backed alternative to volatile tokens. Uzbekistan tests government bond-backed stablecoin HUMO with merchants.
Crypto Briefing
Adopting stablecoins in South Korea could revolutionize merchant payment systems, but regulatory disagreements may hinder their potential benefits. Stablecoins could save South Korean merchants $3.8B annually, budget office finds.
Cointelegraph
Humo Digital will test HUMO payments with more than 20 merchants under a sandbox jointly overseen by NAPP and Uzbekistan's central bank.
Crypto news
Visa reports 160 stablecoin-linked card programs, nearly 200% payment growth and a $20 billion annualized settlement rate.
Coindesk
South Korea's budget office warned that stablecoin adoption could reduce banks' roles as credit intermediaries and potentially destabilize token pegs during mass redemptions.
Blockonomi
KuCoin launches KCUSD, a stablecoin yield product offering up to 6% APR, daily returns, and no subscription fees for eligible users.
Crypto Briefing
The Swiss stablecoin sandbox's testing phase could reshape European banking by influencing stablecoin strategies and enhancing payment systems. Swiss stablecoin sandbox enters testing phase with SIX and TWINT joining the consortium.
Crypto news
Nine Swiss institutions are testing the franc-pegged CHFD stablecoin for tokenized settlement, automated trading and programmable payments.
Cointelegraph
Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss franc-based stablecoin.
Crypto news
A U.S. federal court has ordered the forfeiture of roughly $212,700 in stablecoins linked to wages earned by North Korean IT workers, giving the Justice Department a partial victory in its attempt to seize more than $7.
CryptoSlate
The exchange reports more than $7 million moved from custody to outside wallets, with recovery still at an early stage.
The Daily Hodl
JPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a group of 21 banks and financial firms that plan to build a dollar stablecoin for business payments across borders, reports The Wall Street Journal.
Crypto news
Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Raj Kamal, founder and CEO of payments company TransFi, told crypto.
Dailycoin
The new Earn product supports USDT, USDC and USDG, with KuCoin planning future collateral and trading utility for KCUSD.
Tokenpost
Traditional bank accounts are unlikely to disappear anytime soon, but stablecoins and digital wallets are increasingly challenging banks dominance over how consumers store and transfer money. A Bain report forecasts banks share of industry revenue will decline from about 80% today to 69% by 2030.
CrowdFundInsider
Stablecoin consortium “Twenty-one banks backing a stablecoin is the clearest sign yet that the growth in blockchain rails is coming from TradFi now, not crypto. Nobody's debating whether public chains work for settlement anymore, just who gets to own the issuer.
Crypto Briefing
Stablecoin wallets' rise signals a shift in financial ecosystems, emphasizing integrated solutions and challenging traditional banking norms. Stablecoin wallets challenge traditional bank accounts as main money hub.
Coindesk
Industry leaders debate whether digital dollar wallets will dismantle traditional bank accounts or simply modernize the underlying infrastructure.
Invezz
KuCoin has launched KCUSD, an Earn product offering daily yields backed by real-world assets. The product is available to eligible retail, high-net-worth, and institutional users and is designed to allow users to earn returns on otherwise idle stablecoin balances. KCUSD initially supports subscriptions starting at 1 USDT, USDC, or USDG, with no subscription fee and same-asset redemption options. According to KuCoin, the product will offer a dynamic base annual percentage rate (APR) of up to 4%, with users able to earn by holding KCUSD. Returns will be credited daily and automatically added to users' KCUSD balances, allowing returns to compound without manual reinvestment.
Crypto Economy
KuCoin announced on September 7 the launch of KCUSD, an Earn product supported by real-world asset yields and designed to turn idle stablecoin balances into productive capital.