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.
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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…
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.
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.
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…
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,…
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…
Moneygram Runs Solana Validator Node, Processing Blocks on the Network It Moves Money On
Moneygram has joined Solana’s proof-of- stake network as an active validator, staking SOL and processing transaction blocks on one of the highest-throughput blockchains in operation today. Moneygram Enters Solana’s Validator…
Bank of England eases stablecoin rules, introduces 40B pound issuance cap
The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40-billion British pound issuance cap.
Polygon Dominates Latam: How the Network Processed $309 Million in Stablecoins Last Month
Sandeep Nailwal, co-founder of the Polygon Foundation, stressed that the network managed over $300 million in stablecoins from emerging markets in May. He also highlighted that the growth of non-dollar…
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