Tag: Stablecoin

South Korea’s KB Financial Completes Stablecoin Pilot for Offline Payments

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KB Financial Group, the parent company of South Korea’s largest bank, KB Kookmin, completed a stablecoin pilot for offline payments and cross-border remittances through the Kaia blockchain. KB tested the lifecycle of a South Korean won-denominated stablecoin, including issuance, merchant settlement and remittances, with Kaia, electronic payments company KG Inicis and fintech firm OpenAsset, local outlet Yonhap reported. The stablecoin pilot adds to the growing list of legacy financial institutions in South Korea experimenting with stablecoins. In late April, one of the nation’s largest credit card providers, Shinhan Card, signed…

Binance Records $1.5 Billion Stablecoin Net Inflow Amid Highly Reactive Market

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion – Bitcoin News

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Key Takeaways Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Sky’s USDS jumped 11.5% to $8.79B, closing in on the $10B milestone. Western Union’s USDPT spiked 597,568%, though its market cap remains just $1.5M. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force in the stablecoin sector by a wide margin, holding a market capitalization of $189.7 billion this weekend after adding $68.2 million since May 9. Circle’s USDC moved in the opposite direction this past week, shedding…

Bitcoin giảm nhẹ sau khi Fed công bố chỉ số PPI cao hơn rất nhiều so với dự báo

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Societe Generale Expands Tokenized Collateral and Stablecoin Push on Canton

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Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy EUR and USD CoinVertible stablecoins on the Canton Network and support tokenized collateral and repo financing activity on the network. The Paris-based bank said it plans to use the network for collateral management and short-term financing transactions tied to tokenized assets. It added that Canton’s infrastructure could be used for collateral mobility, margin management and risk management workflows tied to tokenized assets. SG-FORGE said its EURCV and USDCV stablecoins will be used for settlement, financing and cash management activity…

JPMorgan Files Tokenized Money Market For Stablecoin Issuers

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JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like vehicle while earning interest. The “OnChain Liquidity-Token Money Market Fund,” ticker JLTXX, will invest in US Treasury bills and overnight repurchase agreements collateralized by US Treasurys or cash, according to a filing Tuesday with the US Securities and Exchange Commission. JLTXX seeks to comply with the GENIUS Act, a stablecoin-focused law signed in July.  Investors are subject to a $1 million minimum investment, and the…

Bakkt’s Revenue Falls 77% in Q1 as Stablecoin Pivot Takes Shape

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Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March 31. That compares with net income attributable to Bakkt of $7.7 million, or $1.13 per diluted share, a year earlier. Crypto services revenue fell to $243.6 million from $1.07 billion in the prior year’s period,…

Kraken’s $600M stablecoin firm, Huione scandal deepens, Asia Express

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Everything that happened in crypto news in Asia over the past seven days: Asia Express. In this issue Kraken’s parent buys Hong Kong payments firm for $600 million Hun To denies operational role in Huione Pay South Korea pencils in crypto tax date Samsung’s IT arm lands tokenized securities platform project Bithumb joins Vietnam’s crypto license race Japan’s biggest banks want to put government bonds on a blockchain Japan’s crypto body sets staking standards Influencer cools Binance Philippines comeback rumors Kraken’s parent buys Hong Kong payments firm for $600 million…

Circle Stock Rallies 15% as Wall Street Bets on Stablecoin Adoption

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Shares of stablecoin issuer Circle surged Monday after the company reported mostly upbeat earnings and disclosed that a major crypto venture capital fund had purchased $222 million worth of its blockchain tokens. Circle’s shares rose almost 16% to close at $131.76, its highest level since March 18, according to Yahoo Finance. CRCL stock gave back some of its gains in initial after-hours activity. The gain extends Circle’s strong run in 2026. Shares are now up 66% year to date, giving the company a market capitalization of roughly $35 billion. Circle…

Augustus Wins OCC Approval for AI and Stablecoin Bank Charter

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Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments. The approval, announced Monday, would allow Augustus to expand its existing European banking operations into the US, as financial firms increasingly compete to modernize cross-border settlement infrastructure using tokenized dollars and blockchain-based payment systems. The company describes Augustus National Bank as “the first clearing bank for the AI era,” built on an AI and stablecoin-native core designed to…