2023-7-19 21:26 |
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project. origin »
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With the legal framework still undecided, banks and tech firms are quietly laying the foundation for South Korea’s stablecoin future.
2025-11-26 19:18 | |
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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 | |
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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 | |
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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 | |
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2022-12-13 18:28 | |
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The country joins other jurisdictions in proposing standards for stablecoin issuance.
2022-12-8 20:50 | |
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The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after Cardano’s hard fork that allowed the building of dApps on the blockchain.
2022-11-23 20:27 | |
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The company, which already has a stablecoin tied to the Brazilian real, was licensed by the central bank of the South American country.
2022-11-4 22:37 | |
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The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2022-10-30 15:29 | |
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Henry Chang believes that stablecoins must have a 100% reserve to ensure that user funds are protected. Henry Chang, chief executive officer of South Korea-based blockchain game developer Wemade Co.
2022-10-27 10:22 | |
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Financial Services Giant Old Mutual Wealth is appointed to control the reserved notes that back ZARP, the crypto stablecoin pinned to the worth of the South African Rand. The post Old Mutual Wealth to Handle Cash Reserves of Rand-Backed Stablecoin ZARP appeared first on BeInCrypto.
2022-9-16 21:00 | |
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ZARP appointed South African financial services group Old Mutual Wealth to manage the cash reserves of its stablecoin, which is pegged to the price of the South African rand(ZAR), in hopes of enhancing trust.
2022-9-16 16:15 | |
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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 | |
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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 | |
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Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat. XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes.
2022-7-21 21:16 | |
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The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow. Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility.
2022-6-23 08:10 | |
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The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.
2022-6-17 19:05 | |
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South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.
2022-6-9 11:17 | |
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South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.
2022-6-10 11:17 | |
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Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
2022-6-7 12:35 | |
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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 | |
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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 | |
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With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have vowed to fast-track regulations aimed at protecting consumers from such risks.
2022-5-20 01:06 | |
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FinTech firm Spartan Hill has announced it is integrating Chainlink Price Feeds to help power a new decentralized Colombian Peso stablecoin called Daily (DLY), CryptoSlate learned in a release. The post Chainlink (LINK) tech is bringing South America its first stablecoin appeared first on CryptoSlate.
2021-10-6 22:00 | |
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Spartan Hill, a FinTech platform based in South America, announced a Chainlink (LINK/USD) Price Feeds integration to support Daily (DLY), a new, decentralized Colombian Peso stablecoin, Invezz learned from a press release.
2021-10-7 18:00 | |
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After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021.
2021-3-19 15:00 | |
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Stablecoin e-commerce creator Terraform Labs recently concluded a $25 million funding round that features Coinbase Ventures, Galaxy Digital, Pantera Capital, and other companies. The Singaporean-based crypto and tech startup has successfully penetrated the South Korean market and wants to expand its operational capacities with the funding.
2021-1-28 23:30 | |
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Nigeria, China, India, the U.S. and Vietnam were leading markets for peer-to-peer finance. South Africa and Turkey saw more stablecoin use.
2020-12-20 17:43 | |
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A South Korean county with a population of mostly elderly residents has seen a strong rise in stablecoin adoption.
2020-7-28 20:04 | |
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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 | |
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Former People’s Bank of China Deputy Governor, Min Zhu, insisted on the importance of China joining other nations in the global discussion on how to regulate Libra cited an article emanating from the South China Post.
2020-1-29 17:10 | |
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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 | |
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As per an all-new report released by S. Korean media outlet Cosun yesterday, local holding company SK C&C has announced its decision to create a new donations platform that will be built atop a Ripple blockchain fork.
2019-8-10 18:50 | |
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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 | |
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South Korean fashion platform Sinsang Market has joined the ecosystem of the Terra Alliance, a stablecoin-focused association of large e-commerce companies
2019-8-6 20:02 | |
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Terra has added Sinsang Market to its alliance of internet marketplaces in an effort to create new payment systems for online shoppers.
2019-8-5 17:30 | |
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In a previous article we discussed the increasing movement of social media juggernauts towards blockchain technology including Twitter and recently Facebook too. During the weekend a social media giant in South America, Taringa! – Facebook-esque network – announced their plans to introduce cryptocurrencies on their platform in a bid to reinvent itself. The announcement was […]
2019-7-8 16:48 | |
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South American social networking giant Taringa! has partnered with MakerDAO and Airtm to launch a stablecoin-powered points system for its 27 million strong user base
2019-7-9 10:30 | |
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By CCN: The town of Orania, South Africa, claims it’s not racist, but it’s only ever allowed white people to live within its walls. Wholly owned by a single community corporation, the city was established after Apartheid ended and has always had its own currency.
2019-6-8 11:30 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Ripple was a big mover this Friday as the company saw its XRP price rise nearly 13-percent ahead of the European market open. The XRP-to-dollar rate today established an intraday high towards $0.
2019-4-6 14:57 | |
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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 | |
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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 | |
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First international legal deal to buy Kakao friends have been made between South Korea and Russia.
2019-3-5 14:12 | |
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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 | |
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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 | |
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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 | |
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South Korean fintech firm BxB has launched a 1:1 won-backed stablecoin
2019-1-31 01:10 | |
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Alchemint, a stablecoin issuance platform, launched its first project in mid-December. The new dollar-pegged token, SDUSD, is the first stablecoin to go live on the NEO public blockchain. In the future, the project aims to follow up the launch with other tokens, pegged to currencies like the Euro, South Korean Won, and Japanese Yen, as well as commodities such […] The post Can Alchemint Turn Code Into Gold? appeared first on Crypto Briefing.
2018-12-29 22:19 | |
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Binance users have reportedly saved $1.75 billion in remittance costs through $26 billion in crypto transfers between 2022 and 2024. Remittances are financial transfers typically made by migrants sending money to family members in their home countries. Globally, remittance volumes…
XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.
Bitcoin's transformative potential is driving growing optimism in developing countries despite the bear market, reveals Block’s new survey.
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.
As major cryptocurrency exchanges integrate the Bitcoin Lightning Network, it’s time for merchants in the Philippines to do likewise.