South Korea: Won-anchored Stablecoin Coming Soon
Major South Korean banks launch a stablecoin pegged to the won to counter the growth of foreign stable currencies.
Stablecoins
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
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Russian Stablecoin A7A5 Moves $9.3Bn In 4 Months
The ruble-linked A7A5 stablecoin moved $9.3 billion in just four months, raising questions about possible links to Russian sanctions and exchanges.
Dark Web Markets Revive After Telegram Crackdown
After the closure of Huione by Telegram, new Dark Web platforms such as Tudou Guarantee recorded billions of dollars in transactions.
Walmart and Amazon Aim for Digital Dollar Stablecoins
Walmart and Amazon are planning digital dollar stablecoins to reduce payment processing costs. The Senate vote on the GENIUS Act on 17 June could pave the way for a new era for digital retail under a federal regulatory framework.
Stablecoin Boom: $228Bn, Banks and Corporates Enter
The stablecoin market touches $228 billion: boom in adoption by global banks and Fortune 500 companies.
Circle criticised by Arca for excessively narrow IPO
Jeff Dorman of Arca publicly attacked Circle for the poor allocation received during the $1.05 billion IPO, closing the accounts in protest.
Bank of Italy: Crypto Risky for Financial Stability
The Bank of Italy raises the alarm: cryptocurrencies threaten the financial stability and economic health of companies and investors.
Digital Euro: Key to Financial Stability
The Governor of the Bank of Italy proposes the digital euro as an essential tool to guarantee economic stability against the risks of cryptocurrencies.
StakeStone and WLFI: Cross-Chain Liquidity for USD1
StakeStone is working with WLFI to improve the cross-chain liquidity of USD1, making it more accessible and faster in DeFi.
Meta Back To Crypto: Stablecoin On The Way
Meta Platforms plans to launch a stablecoin for WhatsApp, Instagram and Facebook Pay, aiming to dominate global digital payments.
Kyrgyzstan launches USDKG stablecoin backed by gold
Kyrgyzstan launches the gold-backed USDKG stablecoin with a focus on international transactions, through a partnership with Binance.
Tether Launches Tether.ai: Revolutionary Decentralised AI
Tether revolutionises AI with Tether.ai, a decentralised platform integrating blockchain and crypto payments such as USDT and Bitcoin.
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