Annual BIS Report Highlights ETF‑Style Risks in Stablecoins and Rising FX Pressure
TL;DR: The BIS claims stablecoins function more like ETFs than real money, as their prices deviate from parity and redemptions are not guaranteed. The report warns
banks (Latest Publications)
Elon Musk Unveils X Money With Visa Integration — But Where’s Dogecoin?
TL;DR: Musk unveiled a promotional video for X Money, his financial service within X, which includes Visa cards, savings accounts, and instant payments. The launch operates
Chainlink Joins Multinational Consortia to Build T+0 Settlement Framework for FX Markets
TL;DR: Chainlink joins consortia from Europe and South Korea managing over $10 trillion in assets to develop a T+0 settlement framework for foreign exchange markets. Project
Anchorage Unveils Tokenized Deposit Platform to Bring Banks Onchain for 24/7 Settlement
TL;DR: Anchorage Digital launched a platform that allows banks to issue and manage tokenized deposits on blockchain networks. The system operates as a parallel layer to
Toss Bank Partners With Solana Foundation to Build a Powerful Global Blockchain Finance Stack
TL;DR: Toss Bank signed a memorandum of understanding with the Solana Foundation to develop blockchain-based financial infrastructure. The agreement includes a proof of concept for international
Bank of England Releases Policy Blueprint Defining How Systemic Stablecoins Will Operate in the UK
TL;DR: The Bank of England published preliminary rules for systemic stablecoins and replaces holding limits with a £40 billion issuance cap. Issuers will be allowed to
South Korea Accelerates CBDC Testing With Direct Integration Into Bank Systems
TL;DR: The Bank of Korea’s CBDC advances to its second phase, integrating deposit tokens into existing commercial banking systems. Participants will be able to use the
CoinMENA and Standard Chartered Expand Digital Asset Collaboration in UAE
CoinMENA formalized a banking agreement with Standard Chartered to strengthen the fiat payment infrastructure for its users in the United Arab Emirates.
‘Banks Will Fall First’: Tim Draper Downplays Quantum Threat to Bitcoin
TL;DR: Tim Draper downplayed quantum-computing fears, arguing banks and fiat systems are more vulnerable than Bitcoin. He said Bitcoin holdings are more secure than dollars in
Morpho Association Raises $175M In Round Led By Paradigm, a16z Crypto And Ribbit
Morpho raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit, with participation from Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, among other strategic
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