Crypto News
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Mirae Asset Targets $109 Billion Crypto Expansion Through Digital X
Mirae Asset founder Park Hyeon-joo outlined plans for a $109 billion crypto business after acquiring Digital X, formerly Korbit. The strategy includes stablecoins, real-world assets and security token offerings.
CoinDesk
Bank of England Set for New Duty to Support Stablecoin Innovation
A bill due before the House of Lords in September would give the Bank of England a legal duty to foster stablecoin innovation, while keeping financial stability as its primary objective, Decrypt reports.
Decrypt
Dallas Fed Economists Warn Tokenized Deposits Could Increase US Credit Costs
Dallas Fed economists said tokenized deposits could make bank funding less stable, potentially leading lenders to use more expensive financing and raising US credit costs. The comments were reported by Cointelegraph.
Cointelegraph
Banks Turn to Tokenized Deposits to Counter Stablecoin Pressure
Banks are developing tokenized deposits to offer stablecoin-like payment features while keeping funds on their balance sheets. Falcon Finance’s Artem Tolkachev said the central issue is preserving deposits that support bank lending.
CryptoSlate
Shinhan and Visa to test stablecoin payments and issuance
Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, redemption and B2B settlements, while also developing AI-powered payment models, CoinDesk reports.
CoinDesk
Shinhan, Visa to Test Stablecoin Issuance and B2B Payments in South Korea
Shinhan Financial Group and Visa will test stablecoin issuance, remittance and redemption in South Korea, alongside B2B settlement applications and AI-powered payment models.
CoinDesk
Evidence Fails to Support Banks’ Case Against Stablecoin Rewards
CoinDesk argues that the evidence does not substantiate banks’ opposition to stablecoin rewards, highlighting an ongoing debate over how such programs should be assessed.
CoinDesk
Revolut launches euro-pegged EURR stablecoin
Revolut has launched its euro-pegged EURR stablecoin for selected customers in Denmark, Poland and Portugal. A Luxembourg subsidiary of Stripe holds the reserves backing the token.
Decrypt
Revolut begins rolling out EURR to selected European customers
Revolut is beginning a limited European rollout of its EURR stablecoin, with selected customers in Denmark, Poland and Portugal included in the initial phase, CoinDesk reported.
CoinDesk
Revolut launches euro stablecoin in three European markets
Revolut has launched the Bridge-issued EURR euro stablecoin in three European markets. The token will work across multiple blockchains and with external wallets, while broader availability across the EEA is expected later this year.
Cointelegraph
US bank lobby wants stablecoin holders to open an account before cashing out
The Blockchain Association wants one-off and intermediary-routed stablecoin cash-outs excluded from an account requirement. Regulators would decide when self-custody holders become customers of the issuer.
CryptoSlate
U.S. State Banking Groups Target 2027 Launch for National Blockchain Network
U.S. state banking associations are targeting a 2027 launch for the BankChain Alliance, a nationwide blockchain network designed to support stablecoins, payments and tokenized deposits within the banking system’s regulatory sphere.
CoinDesk
World Liberty Financial brings USD1 stablecoin to Canton Network
World Liberty Financial has launched USD1 natively on the Canton Network. Cointelegraph reported that USD1 is the sixth-largest stablecoin, with a market capitalization exceeding $4 billion, according to industry data.
Cointelegraph
Crypto Group Warns Regulators Against Expanding Stablecoin KYC
A crypto trade group says extending KYC requirements to peer-to-peer stablecoin wallet transfers would “cripple the industry,” as regulators implement the GENIUS Act.
Decrypt