DigitalCurrency
Alibaba is integrating JPMorgan’s tokenized dollar and euro rails into its global B2B payments platform to simplify cross-border settlements and reduce correspondent banking friction.
Kyrgyzstan has launched USDKG, a national stablecoin backed by gold and pegged to the U.S. dollar, with an initial issuance valued at over $50 million, the financial regulator said.
Leading Japanese banks MUFG, Sumitomo Mitsui, and Mizuho are partnering to launch a yen-pegged stablecoin aimed at enhancing corporate payments with interoperability and shared technical standards. This move reflects the growing global adoption of stablecoins alongside innovations like blockchain platform Progmat by MUFG.
Stablecoins are poised to become a preferred store of value in the crypto world, with their design and widespread adoption playing a crucial role in their future impact. Learn how these digital assets are shaping the future of finance and how platforms like Bitlet.app make acquiring them easier through innovative services like Crypto Installments.
Bitcoin and other cryptocurrencies face significant challenges in being widely accepted as means of payment, stores of value, or units of account. Despite their innovative technology, these weaknesses impact their broader adoption.
China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.