The first Korean Won-backed stablecoin has been launched! BDACS (Busan Digital Asset Custody Services) has become the first South Korean custodian to launch the stablecoin on the Avalanche blockchain. Woori Bank has backed the newly launched stablecoin, dubbed KRW1. According to BDACS’s press release dated 18 September 2025, Korean Won deposits back the KRW1 stablecoin 1:1. Per the press release, BDACS confirmed that it completed a full proof of concept for the KRW1 stablecoin, validating its technical v ...

Decentralized crypto derivatives exchange Hyperliquid’s native token, HYPE, surged to a fresh all-time high of $59.29 in early trading on Sept. 18. At the time of writing, the 11th largest cryptocurrency has settled around $58.68, gaining $1.25 billion in market cap in the past day. HYPE ranks among this week’s top crypto coins, recording 6% price gain in the past week. According to the data by CoinMarketCap, the token’s 24-hour trading volume has seen a 50% surge, currently sitting around $467 million. ...

通过此次合作，Kraken用户将享受更高流动性、更低兑换费用，并可在Kraken生态内更灵活地运用 USDC。Kraken还将上线Circle旗下全额储备支持的欧元稳定币EURC。 关于此次合作的更多细节，包括为Kraken用户推出的新产品与权益，将在未来几个月内陆续公布。 Circle首席商务官Kash Razzaghi表示："此举是Circle推进'打造全球规模最大、应用最广泛的稳定币网 络'战略的重要一步。通过与Kraken等行业领先平台合作，我们将为链上金融领域开拓新的发展空间。" 智通财经APP获悉，周三，Circle(CRCL.US)宣布将与加密货币交易平台Kraken展开合作，在Kraken平台 上拓宽其发行的USDC与EURC稳定币的使用渠道，旨在提升这两种稳定币的使用率，并为链上金融应 用开拓新机遇。 据了解，这家稳定币发行机构上周已宣布与Fireblocks达成合作，旨在帮助金融机构更便捷地开展数字 资产相关业务。 ...

Kraken and Circle have announced a partnership that promises to expand “access to a powerful suite of stablecoin infrastructure” on the platform, deepening support for the dollar stablecoin, USDC, and adding support for the euro stablecoin, EURC. According to the announcement published by Circle on Sept. 17, Kraken clients will gain access to increased liquidity, reduced conversion fees, and new opportunities to deploy USDC across Kraken’s applications. Additionally, the crypto exchange will introduce acce ...

A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the right to issue USDH, its native stablecoin. The competition drew some of the sector’s most prominent names, including Paxos, Sky, and Ethena, who later withdrew their bid, alongside the lesser-known Native Markets, ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Tether unveiled a dollar-backed stablecoin Friday and named Bo Hines, former chief of President Donald Trump’s Council of Advisers on Digital Assets, as CEO of the U.S. effort. The world’s largest stablecoin issuer by volume, Tether tagged the stateside push as a “natural next step in [its] mission: reinforcing U.S. dollar dominance in the digital era while deliverin ...

A stablecoin bidding war on one of crypto's fastest-growing platforms is offering a preview of the industry's next phase — and who might control it.The contest played out on Hyperliquid, a fast-growing trading platform. The prize: the right to issue USDH, a new dollar-pegged token native to its network. The bidding involved key names in the world of crypto payments: Paxos, Agora, Ethena and the lesser-known Native Markets, a startup partnered up with Stripe's stablecoin arm, Bridge. The outcome offered a g ...

In cryptocurrency's short history, we've seen two big altcoin seasons. The first was in 2017 and 2018, after thousands of projects used ICOs -- initial coin offerings -- to raise capital. The second was in 2020 and 2021, when interest rates were low and the market was awash with stimulus checks.Another positive driver was the SEC's decision to drop its cases against Ripple Labs and Binance. This move lifted a lot of uncertainty around the XRP and BNB tokens connected to each company, and, to some degree, ex ...

Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in the U.S. The London-based company is now offering a cloud-based, anti-money laundering (AML) solution through Microsoft’s cloud computing platform, which is “designed specifically for U.S. mid-size and community banks,” according to a press release. Quantexa said the pre-packaged product allows teams investigating financial crimes to make faster ...

RWA crypto is set for a massive shakeup this holiday season, with Bitwise filing for a groundbreaking Stablecoin and Tokenization ETF. If approved, the fund is expected to launch just before Thanksgiving, potentially triggering a year-end FOMO rally for stablecoin and real-world asset-linked tokens. With the stablecoin market now at $290Bn and tokenized assets climbing to $66Bn, this ETF could be the spark that brings institutional capital flooding into crypto. Here’s why this development matters and how ...