South Korea’s Stablecoin Net Outflows Reach 560.3 Billion Won
Transfers from South Korean exchanges to overseas platforms exceeded inbound stablecoin flows by 560.3 billion won in June, regulatory data show.
Category: Stablecoins
BlackRock Launches Onchain Stablecoin Reserve Fund
BlackRock launched an onchain government money market fund designed for payment-stablecoin reserves, with a $3 million minimum investment.
Samsung SDS and Dunamu Explore Stablecoin Infrastructure
Samsung SDS is evaluating stablecoin and digital-payment infrastructure with Dunamu, but the companies have not announced a product or rollout.
Tether Reports $1.5B Q2 Profit and $4.11B Reserve Buffer
Tether reported $1.5 billion in quarterly operating profit and a $4.11 billion asset buffer as USDT issuance reached $184.6 billion.
Bank of Italy Study Finds Fiat Rails Drive Stablecoin Remittance Costs
A Bank of Italy research paper finds that stablecoin remittance costs and speed depend more on exchanges, conversion and domestic payment rails than on blockchain fees.
Coinbase Q2 USDC Balances Hit $20B as Stablecoin Revenue Falls 5%
Coinbase reported record average USDC balances in its products, but lower interest rates outweighed balance growth and reduced stablecoin revenue.
Samsung Wallet Plans Native Stablecoin Support
Samsung says its mobile wallet will add stablecoins, but it has not named supported assets, markets, partners or a launch date.
South Korea Moves to Consolidate Stablecoin Rules
South Korea’s financial regulator plans a consolidated digital-asset bill covering stablecoin issuance and circulation, but key design choices remain unsettled.
FCA Sprint Feedback Favors Cross-Border Stablecoin Payments
Feedback from the UK FCA’s Stablecoin Sprint identifies cross-border payments as the clearest near-term opportunity while flagging limits in domestic retail.
PayPal Puts Stablecoins and Agentic Payments in Q2 Strategy
PayPal identified stablecoins and agentic payments as expansion areas while Q2 payment volume reached $486.4 billion, up 10% year over year.
Kakao and Circle Explore Won Stablecoin Payment Infrastructure
Kakao, Kakao Pay and KakaoBank signed an MOU with Circle to study won-linked digital assets, cross-border payments and merchant settlement.
BPI Plans Stablecoin Rail for Inbound Cross-Border Payments
BPI is preparing a stablecoin settlement pilot with Meridian for overseas payroll and other inbound payments to Philippine bank accounts.