OpenPayd secures MiCA license as stablecoin adoption grows in Europe
OpenPayd, which provides infrastructure to companies including Kraken crypto exchange, can now offer regulated crypto services across Europe under MiCA. Go to Source
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Chainlink and Over 10 Korean lenders Push to Kill FX Delays With Real-Time Settlement
Chainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market’s existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement. What Project Pangea Is The initiative brings together three primary partners: Fairsquarelab, described as a first-mover … Read more
Chainlink and Over 10 Korean lenders Push to Kill FX Delays With Real-Time Settlement
Chainlink, a coalition of Korean commercial banks, and a 37-member European bank consortium announced Project Pangea on June 23, a working group focused on replacing the global foreign exchange market’s existing T+2 settlement cycle with real-time, stablecoin-based T+0 settlement. What Project Pangea Is The initiative brings together three primary partners: Fairsquarelab, described as a first-mover … Read more
Crypto isn’t the problem with the US economy, says senator
Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrency by the Digital Chamber CEO Cody Carbone in a Senate hearing on affordability. Go to Source
Crypto isn’t the problem with the US economy, says senator
Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrency by the Digital Chamber CEO Cody Carbone in a Senate hearing on affordability. Go to Source
Chainlink joins European and Korean bank consortia to develop FX settlement network
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement. Go to Source
Former BIS chief softens stance on stablecoins, backs coexistence with fiat
Former BIS general manager Agustín Carstens said stablecoins can enhance financial inclusion and innovation but stressed the need for global regulatory frameworks to enable coexistence with fiat money. Go to Source
Allunity Launches SEKAU as First MiCA-Compliant Swedish Krona Stablecoin
Allunity has launched SEKAU, a Swedish krona-backed stablecoin issued as a regulated e-money token under MiCA. The token is backed 1:1 by segregated SEK reserves and will debut across five blockchain networks. Allunity Targets Institutional Payments With New Swedish Krona Stablecoin Allunity is expanding its European stablecoin lineup with the launch of SEKAU, a Swedish … Read more
Leading South Korean Bank Toss Taps Solana to Test Cross-Border Remittances for 15 Million Customers
South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. A First for a Korean Internet Bank Toss Bank, South Korea’s third-largest internet-only bank, said it signed the agreement in Seoul on June 19 and called it the “first direct strategic cooperation agreement between … Read more
Bank of England Drops Stablecoin User Caps and Sets $53 Billion Issuance Limit
The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin. Bank of England Revises Stablecoin Rules to Support Growth The Bank … Read more