HSBC has launched its first stablecoin, RedCoin (RCHKD), through its PayMe payments app in Hong Kong, bringing bank-issued digital money within reach of more than 3.3 million existing users. … [Read more...] about HSBC launches first stablecoin for 3.3 million PayMe users in Hong Kong
Circle targets 40 new markets as stablecoin demand grows
Circle plans to expand into roughly 40 emerging and developing markets as demand for stablecoins grows globally, Chief Executive Jeremy Allaire told Reuters, signaling a push to broaden the reach of its USDC dollar-pegged stablecoin beyond established markets. … [Read more...] about Circle targets 40 new markets as stablecoin demand grows
JPMorgan brings JPM Coin deposit token to Ethereum
JPMorgan Chase has launched its U.S. dollar-denominated deposit token, JPM Coin, on the Ethereum blockchain, expanding its blockchain payments business as financial institutions increasingly explore ways to move money and assets on-chain. … [Read more...] about JPMorgan brings JPM Coin deposit token to Ethereum
Kraken parent Payward to acquire European bank in push into traditional finance
Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank, marking a significant step in its expansion from digital asset trading into traditional banking services. … [Read more...] about Kraken parent Payward to acquire European bank in push into traditional finance