Stablecoin
SoFi Launches Tokenized Deposit Product SOFIE
SoFi has announced the tokenized deposit product SOFIE, which allows conversion to the stablecoin SoFiUSD and offers a 4.40% annual yield.
Bank of Korea Plans Amendment to Foreign Exchange Act to Regulate Stablecoins
The Bank of Korea will approve an amendment to the Foreign Exchange Act to regulate stablecoins by the end of the year, according to the Chairman of the Financial Services Commission.
Central Banks of Malaysia and Thailand Join the BLOOM Project
Malaysia and Thailand have joined the BLOOM initiative, which promotes the use of stablecoins for transactions between countries.
The Cryptocurrency Bill in South Korea is Close to Completion
The bill will establish a framework for digital assets and exchange licensing amid growing debates on taxation.
CryptoQuant: Bitcoin's Recovery Outpaces USDT Supply Growth
Market analysis shows how the reduction in USDT supply creates liquidity issues for Bitcoin, hindering its recovery.
Binance Stablecoin Reserves Drop to Record Low
Binance stablecoin reserves have fallen to $41.6 billion, while market activity declines. Learn more about the current state of the cryptocurrency market.
Tether Invests in EFY Finance for Stable Payments in Latin America
Tether announced investments in EFY Finance to expand stablecoin services in Latin America.
Ripple USD RLUSD Expansion Covers Over 190 Countries
The Ripple USD stablecoin (RLUSD) expands its presence, covering over 190 countries and 80 currencies through TrustLinq.
Kyrgyzstan Halts Operations of the USDKG Stablecoin
Kyrgyzstan is ceasing the issuance of the USDKG stablecoin, liquidating the issuer and the first state cryptocurrency exchange.
NOWPayments: stablecoins are becoming business infrastructure
Stablecoins are becoming an important tool for digital companies, showing growth across various sectors.