BOK Doubles Down on Bank-Led Stablecoins as Deposit Token Pilots Advance

Mexico's cooling inflation may boost economic stability, potentially enhancing the appeal of stablecoins for cross-border remittances. The post Mexico’s inflation slows to lowest rate since 2020, easing pressure on central bank appeared first on Crypto Briefing.

The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com. In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable

Trump's embrace of stablecoins is pushing Brussels to expand its crypto law to non-EU issuers and tokenized payments, EU diplomats say.

The post Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer appeared on BitcoinEthereumNews.com. Key Takeaways Hyundai Card slashed cross-border payment times to 7 minutes in a $20,000 corporate stablecoin test. Tether, Avalanche, and Axiym backed the pilot, marking a historic first for the South Korean card industry. A second pilot launches later this month with Circle and Visa to test local currencies across European units. Shaving Hours off Transaction Times Hyundai Card successfully tested stablecoin-based cross-border payments between Hyundai Motor Group subsidiaries in North America, slashing transaction times from hours to minutes, the card issuer recently disclosed. The proof-of-concept (PoC) test involved transferring funds between California-based Hyundai Motor America and Hyundai Motor Mexico. During the pilot, the U.S. unit converted $20,000 into dollar-based stablecoins and transmitted them to the Mexican affiliate, where the

Hyundai Motor America converted $20,000 into stablecoins and transferred them to Hyundai Motor Mexico, where they were exchanged back into U.S. dollars. Shaving Hours off Transaction Times Hyundai Card successfully tested stablecoin-based cross-border payments between Hyundai Motor Group subsidiaries in North America, slashing transaction times from hours to minutes, the card issuer recently disclosed. The […]

Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.

The post Stablecoins Are Becoming Crypto’s Biggest Growth Story, Says Binance Research appeared on BitcoinEthereumNews.com. The post Stablecoins Are Becoming Crypto’s Biggest Growth Story, Says Binance Research appeared first on Coinpedia Fintech News Stablecoins are no longer just a safe place to park crypto funds, they are quickly becoming a key part of the global financial system, according to a new analysis backed by Binance Research and recent market data.  According to the report, weekend stablecoin transfers now total around $76 billion, averaging $38 billion per day, nearly … Source: https://coinpedia.org/news/stablecoins-are-becoming-cryptos-biggest-growth-story-says-binance-research/

Robinhood Chain's rapid adoption highlights a shift towards DeFi and tokenized assets, potentially reshaping traditional finance engagement. The post Robinhood Chain sees ETH surge 5x as stablecoins climb to $260M appeared first on Crypto Briefing.