Finance
Pepe's Struggles Continue as It Fades from Recent Peaks
Pepe, the third-largest stablecoin, is facing challenges in maintaining its value above critical moving averages amidst increased selling pressure.
Weekly Summary
Cryptocurrency Market Surges Amid Key Developments
This week, the cryptocurrency market witnessed a significant surge in prices, particularly for Bitcoin and Ethereum, driven by increased institutional interest, market speculation, and strategic partnerships across the sector.
Crypto
Rostec, Russia's State-Owned Giant, to Launch Ruble-Backed Stablecoin and Payment Platform on Tron
Rostec is set to introduce RUBx, a stablecoin pegged to the Russian ruble, alongside RT-Pay, a new payment platform.
Finance
Minna Bank Partners with Solana and Fireblocks to Explore Stablecoin Applications
Japan's Minna Bank signs a deal with Solana and Fireblocks to research the implementation of stablecoins for real-world financial transactions.
Crypto
AMINA Bank Launches Services for Ripple's Stablecoin RLUSD
The bank claims to be the first global financial institution to provide custody and trading services for Ripple's recently launched stablecoin.
Adoption
Ripple Seeks U.S. National Banking License for XRP and RLUSD
Ripple has officially submitted an application for a national banking charter in the United States, aiming to place its RLUSD stablecoin under federal regulation. This move may solidify its position in the financial landscape.
Crypto
Banca Sella Initiates Stablecoin Custody Testing in Collaboration with Fireblocks
An internal trial being conducted by Banca Sella focuses exclusively on crypto custody, with no plans for trading services.
Crypto
Upbit Collaborates with Naver Pay on New KRW Stablecoin Initiative
The partnership aims to develop a won-based stablecoin to ease trading and reduce the 'kimchi premium' in South Korea.
Crypto
USDG Launches in Europe as a Fully Regulated Stablecoin
The fully compliant USDG, a global dollar-backed stablecoin, is now available in the EU, backed by major players including Robinhood and Kraken.
Finance
Bank of Korea Pauses CBDC Initiative Amid New Stablecoin Bill Submission
The Bank of Korea has halted its central bank digital currency project, coinciding with the government's new proposal allowing companies to issue stablecoins.
Crypto
Bolt Integrates Stablecoin Payments for Global Sales Amid Growing Digital Dollar Competition
The new service enables faster and more cost-effective international transactions for businesses and consumers, the company claims.
Crypto
Investors Flock to Circle in South Korea Amid Stablecoin Regulation Changes
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
Altcoins
Weekly Review of African Crypto Developments: South Africa Sees Payment Growth, Kenya Abolishes Crypto Tax
A summary of recent crypto news in Africa, highlighting South Africa's increase in crypto payments and Kenya's removal of a digital asset tax.
Finance
Rain and Toku Launch a Global Payroll System with Stablecoin Payments
Rain collaborates with Toku to introduce a stablecoin payroll system aimed at facilitating instant payments for global employees.
Crypto
SoFi Plans to Roll Out Blockchain Remittances with Stablecoins as it Reenters the Crypto Space
SoFi announces the upcoming launch of international remittances using blockchain networks and stablecoins while also reviving its cryptocurrency investment services.
Altcoins
A7A5 Stablecoin Linked to Garantex Surpasses $9.3 Billion in Volume on Grinex
The Ruble-backed A7A5 stablecoin has experienced significant trading volume on the Grinex platform, highlighting its controversial position in the digital currency market.
Altcoins
South Korean Banks Collaborate on New Won-Backed Stablecoin Initiative
A coalition of eight South Korean banks has formed a consortium to develop a won-backed stablecoin, marking a significant step towards digital currency integration in the region.
Crypto
Leading Banks in South Korea Collaborate to Create Won-Backed Stablecoin
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
Finance
Circle Stock Plummets 15% as BIS Raises Concerns on Stablecoins
Circle's stock saw a 15% decline following a report from the Bank for International Settlements questioning the stability of stablecoins in financial systems.
Finance
Mastercard Enhances Stablecoin Capabilities With New Integrations
Mastercard expands its network to incorporate various stablecoins, including PayPal’s PYUSD and the Global Dollar (USDG), facilitating seamless transactions.
