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Lawson plans to pilot JPYC stablecoin payments at a Tokyo convenience store in August, marking what it says is Japan’s first POS-linked stablecoin payment test. The experiment could help move…
The institution announced that this measure targets the country’s shadow economy, which accounted for nearly 41% of its GDP by 2015. The Bank of Thailand is already applying the proposed…
Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a national trust bank built for a stablecoin business. The company…
Hyundai Motor America converted $20,000 into stablecoins and transferred them to Hyundai Motor Mexico, where they were exchanged back into U.S. dollars. Shaving Hours off Transaction Times Hyundai Card successfully…
Circle’s stock rebounded 7% on Monday following a 17% plummet the previous Tuesday, triggered by the announcement of a rival stablecoin, Open USD. The Battle for Reserve Yield The stock…
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished…
The Central Bank of the UAE has granted a no-objection certificate to the dirham-backed stablecoin DDSC, allowing it to list on regulated exchange platforms. Federal Oversight and the Retail Transition…
In a Brazilian Congress hearing, Fábio Araújo, consultant for the Financial System Regulation Department (Denor), stressed that, unlike other crypto assets, stablecoins have specific traits that would be better regulated…
Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to settle cross-border mobile transactions. Blockchain Meets Mobile Money Financial services…
Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it…