Kaia, backed by Kakao, plans a South Korean won-based stablecoin amidst a crypto-friendly political climate, boosting payment stocks like Kakao Pay.
Tag: Stablecoin
Hong Kong to Pilot CBDC with Chainlink: Bridging Permissioned and Permissionless Blockchains
Hong Kong is partnering with Chainlink’s CCIP to test cross-border CBDC transactions between different blockchain types. This initiative explores the future of digital asset settlements.
Tether’s USDT Appears on Price Tags in Bolivia Amid Economic Woes: What Does It Mean?
Tether CEO Paolo Ardoino shared images of goods priced in USDT at a Bolivian airport, highlighting the stablecoin’s growing role in a country grappling with economic instability.
South Korea’s Crypto-Friendly Policies Spark Stablecoin Hopes and Payment Stock Rally
Kaia pledges a won-pegged stablecoin following President Lee Jae-myung’s inauguration, boosting payment stocks and signaling a shift towards embracing digital assets in South Korea.
Arca Dumps Circle Shares After Public Spat: What It Means for USDC
Digital asset investment firm Arca divests from Circle after its CIO publicly criticized the allocation of shares during Circle’s recent IPO. Here’s a breakdown of the situation and its potential impact.