Browsing: DeFi

South Korea’s financial authorities plan to step up coordination with the Bank of Korea and the Ministry of Economy and Finance as they prepare legislation to establish a legal framework for won-denominated stablecoins, News1 reported. Speaking at a forum on…

Weekly card payment volume using stablecoins topped $189 million two weeks ago, setting a record high, Crypto Briefing reported. Stablecoin card payment volume has risen steadily this year. As of July, USDC and USDT accounted for about 84% of stablecoin…

Kakao Group has unveiled a business plan to establish a won-denominated stablecoin as part of everyday financial infrastructure and proposed forming a consortium with domestic and overseas financial institutions and companies to jointly design the ecosystem, Yonhap News Agency reported.…

Aave founder Stani Kulechov said on X that Aave is considering a program that would add burns to its buyback plan as part of a Tokenomics 3.0 update. Aave has operated a program since last year to buy back AAVE…

South Korean Democratic Party lawmaker Kim Hyun-jung of the National Assembly’s National Policy Committee will hold a policy forum today on governance and market ecosystem building for won-denominated stablecoins through overseas case studies, Edaily reported. The event is scheduled for…

Deposits in DeFi tied to tokenized stocks have surpassed $252 million, according to Token Terminal. By platform, Uniswap held $82.1 million across v3 and v4, followed by Solana-based lending protocol Kamino Lend with $51.3 million and Pendle with $33.8 million.

U.S. prosecutors are investigating efforts to recover 110,000 USDT believed to be linked to scammers who accessed a text message scam victim’s Coinbase account, Cointelegraph reported.

Circle said it is partnering with Volante Technologies to expand support for stablecoin payments and settlement at financial institutions. Volante plans to add USDC issuance and redemption, recipient wallet registration, funding, and wallet-to-wallet payments to its AI-based payments platform, allowing…

A U.S. Senate investigation found 84% of 846 cryptocurrency wallets linked to Iran and sanctioned by the United States and Israel processed all or nearly all transactions in Tether’s USDT, according to The Wall Street Journal. The WSJ said the…

Nasdaq-listed SOL treasury company DeFi Development, ticker DFDV, said it added about 47,706 SOL after Sept. 21, bringing total holdings to 2,538,010 SOL worth $309 million. The holding increased about 2% over the past week and by more than 226,000…