South Korea’s first won-pegged stablecoin makes pilot debut: report

2025-8-6 11:02

South Korea’s first Korean won-backed stablecoin was recently launched in a test run by fanC in collaboration with financial software firm Initech. Could this be the start of Korea’s stablecoin bid? On August 5, fanC and Initech unveiled “KRWIN,” the… origin »

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USDx stablecoin (USDX) на Currencies.ru

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Изменеия 24h: 0.00 %, 7d: 1.62 %

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korea stablecoin fanc south initech start could

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Источник: Cripyo.news

korea stablecoin → Результатов: 53

Tether beats South Korea as one of the largest U.S. treasury bond holder

Stablecoin issuer Tether has surpassed South Korea in the number of U.S. treasury bond holders after it issued more assets with total exposure to U.S. Treasuries. How much U.S. debt does the firm hold? According to data from analysis firm…

2025-8-2 15:22	United States
firm tether treasury bond south korea much

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Bank of Korea forms crypto unit as stablecoin rules shift

South Korea’s central bank is entering a new phase in its digital currency strategy with the creation of a dedicated “Cryptoassets Department.” This move comes as the nation shifts gears from research to implementation, aiming to monitor and influence stablecoin development while stepping back from a central bank digital currency (CBDC) rollout. The initiative is […]

2025-7-30 14:30
bank central currency digital stablecoin korea implementation

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Stablecoin Push Triggers Tensions Between Central Bank and Policymakers in South Korea

The stablecoin bill proposed by the ruling party of South Korea is set to permit crypto entities to offer fiat reserves-backed, KRW-pegged stablecoins.

2025-7-28 02:00	Stablecoins
korea south stablecoin set permit reserves-backed krw-pegged

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Upbit and Naver Pay team up to launch Korean won stablecoin

Biggest exchange in South Korea is planning to launch its own stablecoin, backed by local currency.

2025-7-1 17:49	Upbit
stablecoin launch planning currency korea local backed

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South Korea halts CBDC project as regulators prioritize won-backed stablecoin rollout

South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank…

2025-6-30 09:00	South Korea
bank korea south won-backed central project regulators

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South Korean banks team up to issue Won-backed stablecoin - Details

Eight of South Korea’s leading banks are planning to issue a Won-backed stablecoin. The largest bank in the country has already applied for stablecoin trademarks. The global stablecoinThe post South Korean banks team up to issue Won-backed stablecoin - Details appeared first on AMBCrypto.

2025-6-25 15:00	Stablecoins
stablecoin issue won-backed south banks korean details

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South Korea’s top banks unite for Won-pegged stablecoin launch: report

Interest in a won-linked stablecoin is growing in South Korea, and the country’s largest commercial banks are joining forces to issue one through a joint initiative. According to a June 25 report from local media Economic Review, eight of South…

2025-6-25 10:31	StableCoin
south report stablecoin korea banks initiative according

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South Korean regulators push crypto ETF plan to power up local market

South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs and stablecoin regulation into the mainstream as part of a broader plan to modernize the country’s digital asset market. According to a June 19 report by local…

2025-6-20 09:11	South Korea
local south plan market crypto part mainstream

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South Korea’s Kimchi coins surge 140% as won stablecoin hype fuels retail frenzy

A cluster of little-known South Korean altcoins, widely known as “Kimchi Coins”, has seen a dramatic resurgence in trading activity and price gains amid speculation surrounding a government-backed stablecoin linked to the Korean won.

2025-6-16 14:47	StableCoin
stablecoin south korean won kimchi coins resurgence

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All about South Korean President Lee's new plans for stablecoin regulations

South Korea wants to take the mantle of crypto leadership via broad stablecoin and Bitcoin plans United States and South Korea are pursuing distinct stablecoin regulations with different scopesThe post All about South Korean President Lee's new plans for stablecoin regulations appeared first on AMBCrypto.

2025-6-11 09:00	Stablecoins
stablecoin south regulations plans all korea new

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South Korea’s Democratic Party advances Digital Asset Basic Act to regulate crypto

South Korea’s Democratic Party has formally proposed the Digital Asset Basic Act, introducing a stablecoin licensing regime and expanded oversight under President Lee Jae-myung’s administration. During a June 10 press conference, lawmaker Min Byeong-deok announced the bill’s submission, calling it…

2025-6-10 10:48	South Korea
asset act south digital basic democratic party

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South Korea eyes Won-backed stablecoin to curb capital flight - Details

South Korean candidates are pushing to legalize spot crypto ETFs Proposed Digital Asset Basic Act aims to create a clear legal framework for crypto As South Korea gears up for its 2025 presiThe post South Korea eyes Won-backed stablecoin to curb capital flight - Details appeared first on AMBCrypto.

2025-5-21 09:00	News
south korea details capital crypto flight won-backed

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Bank of Korea urges authority over won-based stablecoin issuance: report

South Korea’s central bank said it should have legal authority over the approval of won-based stablecoins, warning they could disrupt monetary policy if treated like legal tender. The Bank of Korea, South Korea‘s central bank, said monetary authorities must be…

2025-5-13 14:48	StableCoin
bank korea said central monetary south legal

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Hashed pushes for regulatory framework to support KRW stablecoin growth

Stablecoins should be treated as both payment tools and investment assets, requiring a comprehensive regulatory framework, a new research suggests. A stablecoin tied to the Korean won could give South Korea a stronger footing in the global stablecoin race, according…

2025-3-24 10:15	StableCoin
stablecoin framework regulatory give could won korean

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Korea’s Supreme Court rules failed TerraUSD and LUNA not financial investment products: report

South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra…

2025-2-19 10:36	Terraform Labs
korea court supreme terrausd products investment financial

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South Korea arrests six Chinese suspects over alleged $690k Tether heist: report

Six Chinese nationals were arrested in Jeju, South Korea, for allegedly assaulting a dealer and stealing $689,000 during a stablecoin exchange. Authorities in Jeju Island, South Korea‘s largest island, have arrested six Chinese nationals for allegedly stealing 1 billion won…

2025-1-20 10:41	StableCoin
chinese south six korea jeju arrested stealing

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South Korea’s largest wireless carrier SK Telecom adds support for USDT stablecoin on Aptos

Aptos Foundation has teamed up with SK Telecom to bring Tether’s USDT stablecoin to T wallet. Aptos Foundation is set to integrate Tether’s (USDT) stablecoin into SK Telecom’s web3 product called “T wallet” in a bid to expand access to…

2024-11-1 10:15	Web3
usdt aptos telecom stablecoin tether wallet foundation

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South Korea’s Cryptocurrency Market Sees Rapid Growth With Surge In Trading And Stablecoin Use

In the first half of 2024, the number of cryptocurrency investors in South Korea soared to 7.78 million, marking a 21% increase from the latter half of 2023, according to an official report. The average daily trading volume also saw a dramatic rise, jumping from $2.61 billion to an impressive […]

2024-11-1 02:17	South Korea
cryptocurrency half korea trading south average according

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South Korea to impose forex regulations on stablecoin transactions

South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct.

2024-10-8 19:47	Stablecoins
stablecoin transactions korea regulations impose south currencies

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Circle Faces Backlash for Slow Response in $5 Million Lazarus Group Fund Freeze

Stablecoin issuers, including Tether, Circle, Paxos, and Techteryx, have frozen nearly $5 million linked to North Korea's Lazarus Group. The post Circle Faces Backlash for Slow Response in $5 Million Lazarus Group Fund Freeze appeared first on BeInCrypto.

2024-9-15 14:12	Crypto News
group million circle lazarus freeze fund faces

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US senators warn of countries using Tether to circumvent sanctions

Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions.

2024-4-29 19:15	USDT
sanctions using tether senators north iran russia

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Terraform Labs In The Hot Seat: Trial Begins As Do Kwon’s Final Extradition Decision Looms

Terraform Labs is set to face a high-stakes trial on Monday, grappling with civil fraud allegations linked to the collapse of its TerraUSD stablecoin in 2022. Meanwhile, Terra co-founder Do Kwon remains in Montenegro awaiting the decision on whether he will be extradited to the United States or South Korea to face criminal charges. Terraform […]

2024-3-26 21:00
terraform decision face kwon trial labs meanwhile

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Do Kwon set for extradition to South Korea after Montenegro court rejects appeal

The Montenegro Appellate Court rejected Do Kwon’s appeal on impending extradition to South Korea. Kwon was arrested last year following the collapse of Terra Luna and its stablecoin UST in 2022.

2024-3-21 22:57	Crypto
kwon montenegro appeal korea court south extradition

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South Korea’s Oldest Bank Completes Stablecoin Trial On Hedera Network

Shinhan Bank, one of the oldest banks in South Korea, has announced the successful completion of a stablecoin remittance test on Hedera’s open-source public network. This trial was carried out in collaboration with Siam Commercial Bank’s technology innovation business unit (SCB TechX), Taiwan’s largest financial institution, and other financial companies.

2023-7-18 22:00	Tether
bank stablecoin south network financial shinhan hedera

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Hedera (HBAR) tapped by Shinhan Bank for stablecoin remittance solution

Hedera Network (HBAR) has been adopted by Shinhan Bank and Siam Commercial Bank for a distributed ledger technology-powered stablecoin remittance solution. Hedera, Shinhan Bank, and SCB join forces South Korea’s Shinhan Bank and Siam Commercial Bank’s tech innovation business arm…

2023-7-19 18:16	XRP
bank shinhan hedera solution commercial remittance siam

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South Korea prepares further crypto legislation focused on asset issuance, stablecoin regulation

South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5.

2023-7-5 13:55	South Korea
asset south korea crypto legislation various virtual

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South Korea sets trial date for Terraform Labs co-founder over Terra Luna collapse

Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022.

2023-5-11 13:54	Terraform Labs
co-founder labs collapse terraform may trial related

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South Korea’s Central Bank Wants to Oversee Stablecoins

The country joins other jurisdictions in proposing standards for stablecoin issuance.

2022-12-8 20:50	policy
jurisdictions proposing standards issuance stablecoin joins country

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Is South Korea getting ready to arrest Do Kwon- Decoding details

Due to the South Korean government's request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra's stablecoin USThe post Is South Korea getting ready to arrest Do Kwon- Decoding details appeared first on AMBCrypto.

2022-9-14 18:30	News
arrest south decoding details kwon- getting korea

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South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says

The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.

2022-8-30 14:10	policy
bank says ban korea able digital sell

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Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So

The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.

2022-6-14 18:21	Terra
ust terra terraform report company behind labs

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South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

2022-6-9 11:17	Business
ust south following labs terraform investigating month

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Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.

2022-6-7 12:35
brought week notable asia region east depegging

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Terra (LUNA) Staff Under Scrutiny, South Korea Launches Full Scale Investigation

Per a report from a local news media, South Korean authorities have launched a full investigation against the developers of Terra (LUNA). Once one of the most popular cryptocurrencies in this sector, LUNA and its native stablecoin UST lost over 90% of their value and left investors with massive losses.

2022-5-31 21:00	Terra
luna investigation launched terra full south lost

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Korea Turns Against Luna Head as Police Request LFG Fund Freeze

South Korea is starting to turn the screws on Terraform Labs and Luna CEO Do Kwon as UST stablecoin saga takes another twist. The post Korea Turns Against Luna Head as Police Request LFG Fund Freeze appeared first on BeInCrypto.

2022-5-24 08:30	Terraform Labs
luna korea fund freeze lfg request against

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Hedera and Korea's Shinhan Bank partner on KRW stablecoin pilot

A new proof-of-concept will be tested to send fiat-backed stablecoins between banks to reduce fees and transaction times on international payments.

2021-11-30 06:38
between stablecoins fiat-backed send banks fees international

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Chinese Officials Propose East Asian Stablecoin

Chinese officials proposed a regional stablecoin backed by four major Asian currencies. The proposed digital currency is meant to stimulate trade between China, Japan, and Korea. A Cross-Border Currency Shen... The post Chinese Officials Propose East Asian Stablecoin appeared first on Crypto Briefing.

2020-5-22 05:40	Business
chinese asian stablecoin officials east currency proposed

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Binance issues Korean Won-pegged stablecoin - BKRW

Malta-based cryptocurrency exchange Binance is in the news after it issued Binance KRW [BKRW], a BEP-2 stablecoin pegged to KRW [Korean won], in partnership with BxB, Inc. of South Korea on 5 March 20The post Binance issues Korean Won-pegged stablecoin - BKRW appeared first on AMBCrypto.

2020-3-6 00:30	Hide Cryptopanic
binance bkrw stablecoin korean krw issues won-pegged

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Major Korean Convenience Stores to Accept Won-Based Stablecoin (But No Mention of Bitcoin)

The notion of normalizing cryptocurrencies for payments has taken a significant leap forward with the announcement that CU convenience stores in South Korea will be accepting cryptocurrency as a form of payment through a partnership with blockchain startup Terra.

2019-10-9 15:14	News
korean stablecoin won-based stores convenience payment terra

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South Korean Fashion Platform Sinsang Market to Partner With Terra Stablecoin

Terra, a Singapore-incorporated stablecoin company, has recently decided to start a partnership with Sinsang Market, a major B2B fashion platform based in South Korea. According to a local site based on financial news, the new partnership will see vendors linked to the fashion market in South Korea. The two firms will get together to create […]

2019-8-6 23:37	Announcements
market south fashion partnership korea stablecoin based

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MakerDAO aims to swap local South Korean currencies with stablecoin Dai

MakerDAO, the issuer of Dai, recently announced a new program in South Korea. This new program follows MakerDAO’s initiative with VANTA, a decentralized network, to encourage the adoption of Dai.

2019-4-4 21:30	News
dai south makerdao new program initiative vanta

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MakerDAO working Korean partners to drive local cryptocurrency adoption

CryptoNinjas MakerDAO, the issuer of Dai, the first and largest stablecoin on the Ethereum blockchain, has announced that following last month’s official launch of the National Relayer Campaign in Korea, the MakerDAO Korean community has worked closely with its partners including VANTA, a decentralized.

2019-4-4 04:10
makerdao partners korean adoption cryptocurrency working local

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Here’s Why Stellar (XLM) Price Jumped 11.20% in Three Days

Stellar’s crypto asset XLM is pursuing a steady uptrend since March 7. As of 1100 UTC, the XLM-to-dollar rate was trading at 0. 093, up 11. 20-percent from its March 7 low. The pair today posted circa 4-percent gains, according to a 24-hour adjusted timeframe sourced at CoinMarketCap.

2019-3-10 17:10	XLM
xlm trading stellar volume march crypto days

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First Legal Cross-Border Physical Goods Purchase via Stablecoin

First international legal deal to buy Kakao friends have been made between South Korea and Russia.

2019-3-5 14:12	News
legal friends made south russia korea kakao

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South Korea: Kakao Ventures Invests Undisclosed Sum in Stablecoin Project Terra

Terra, a blockchain-powered payments platform has received an undisclosed investment from South Korean venture capital firm Kakao Ventures, reports Crowdfund Insider, March 4, 2019. Kakao Goes All in on Terra Saying that South Korea has emerged as one of the global hotbeds for everything blockchain and crypto wouldn’t be a stretch by any means.

2019-3-5 21:00	Stablecoins
south kakao terra blockchain ventures korea undisclosed

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South Korea’s BxB Inc. Begins “First” Stablecoin ‘KRWb’ Launch to be Backed by the Korean Won

As regulations continue to evolve in South Korea, their decision to innovate has brought with them a new victory. Fintech firm BxB Inc. has officially launched the “first” stablecoin, which is directly pegged by the Korean won.

2019-1-31 17:37	News
korean south won inc stablecoin bxb korea

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South Korea Welcomes KRW-Based Stablecoin KRWb

South Korean company BxB Inc. has announced the launch of KRWb, the world’s first 1:1 Korean won-backed stablecoin aimed at providing greater liquidity to cryptocurrency exchanges and global accessibility of value transfers into and out of South Korea.

2019-1-31 12:47	StableCoin
krwb south korean stablecoin korea welcomes krw-based

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South Korea: Kakao and Terra Partner to Create Blockchain Ecosystem, dApps, and Stablecoins

Kakao, South Korea’s largest mobile carrier, has signed a partnership with stablecoin project Terra to collaborate on a blockchain-based payments system, reported Korea Times on November 15, 2018. Kakao and Terra Partnership Kakao’s native blockchain platform “Klaytn” is a highly-scalable protocol with average block times of one second and the ability to deploy decentralized applications (dApps) for end users which.

2018-11-17 06:00
kakao terra korea blockchain times partnership south

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USDC Ecosystem Spotlight: Exchanges Korbit and Liquid among six companies to support USD Coin in recent days

The ecosystem for USD Coin (USDC) continues to grow around the globe with exchanges in Japan and Korea joining more than 50 companies to support the fiat-backed stablecoin. Korea-based Korbit and Japan-based Liquid are just two of the latest exchanges to make USDC available for trading in recent days. Other

2018-11-13 19:29	USDC
usdc exchanges coin recent korbit ecosystem usd

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Sony Ventures injects $13m into Startale Group to support Soneium

Sony Ventures has invested an additional $13 million in Startale Group through the Sony Innovation Fund as a follow-on. “Startale has been an important partner to Sony since the early days of Soneium. Our vision is to bring the world…

Can Bitcoin price reclaim $90K ahead of Fed rate decision today?

Bitcoin rebounded on Wednesday morning as the crypto market rose higher and the U.S. dollar remained under pressure ahead of a closely watched Federal Reserve decision later today.

ERC-20 stablecoins log first major cap drop of this market cycle

ERC-20 stablecoin market cap on Ethereum just fell $7b in a week, signaling investors may be exiting crypto entirely instead of rotating risk. The ERC-20 stablecoin market capitalization has declined by several billion dollars over the past week, marking the…

Crypto market rebound may stall as stablecoin supply shrinks amid precious metal rotation

A sharp drop in stablecoin supply is raising concerns that a crypto market recovery may lack the liquidity needed to gain significant momentum. On-chain data shared by Santiment on Jan. 26 showed that the combined market capitalization of the 12…

Circle faces backlash over unfrozen USDC after $3m SwapNet theft

Circle drama: A commentator on X questioned whether the startup would act proactively or require a U.S. court order before freezing stolen assets

Russia’s A7A5 Stablecoin Moved $100 Billion Before Global Crackdown: Elliptic

A little token that few people had heard of a year ago has become a big mover of money. Reports say the A7A5 stablecoin, launched as a rouble-linked coin, has processed the equivalent of $100 billion in transfers since it began moving at scale.

Binance launches $40M WLFI airdrop campaign for USD1 holders

Binance has unveiled a $40 million WLFI airdrop campaign to reward users holding USD1 on the exchange. Binance has launched a new rewards program for users holding USD1, with $40 million in WLFI tokens earmarked for distribution. The leading exchange…

2025-8-6 11:02

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