Toss Bank And Solana Foundation Team Up On Stablecoin Remittance Test

Solana daily transactions top 120M as Toss Bank prepares a remittance and settlement test using the network. Solana network activity has continued to rise since the start of the year. Daily transactions have moved from about 60 million in January to more than 120 million today. The growth comes as Solana attracts more use across […] The post Solana Transactions Double to 120M Daily as Network Activity Surges appeared first on Live Bitcoin News.

Altura processed over $8.5M in USDT redemptions within 24 hours before closing the vault. The protocol says market fears and withdrawal pressure drove the orderly wind-down decision. User capital will be returned as portfolio positions are redeemed and settlements are completed. Altura has announced the closure of its stablecoin yield vault after processing more than […] The post Altura Shuts Down Vault as Redemption Requests Surge Past $8.5M appeared first on Live Bitcoin News.

Toss Bank will test Solana-based stablecoin transfers for faster remittances. The pilot explores lower-cost settlement solutions for cross-border payments. South Korea’s evolving crypto rules could support wider blockchain adoption.  South Korea’s Toss Bank has partnered with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. The initiative will focus on evaluating whether stablecoins and […] The post Solana Lands Major Bank Deal as Toss Tests Global Payments Network appeared first on Live Bitcoin News.

The American Bankers Association sent 8,000 letters to fight one CLARITY Act provision. The reason: stablecoin yield threatens the bank deposit itself.

Systemic stablecoin issuers will now have clearer rules for scaling within the UK's digital money framework.

Bank of England softens sterling stablecoin rules, dropping individual holding limits for a £40B issuer cap and looser reserve treatment.

The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40 billion pound issuance cap.

The Bank of England has removed proposed limits on individual stablecoin holdings and eased reserve requirements in its final policy and draft rules for systemic stablecoins. The central bank said on Monday that it will no longer proceed with plans…