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Crypto

Stablecoin payment card volume tops $1 billion in August, hits records for volume, transactions and users

Stablecoin-based crypto payment cards hit monthly records in August for transaction value, number of payments and users. Payment volume reached $1.076 billion, marking a second straight month above $1 billion. Payments totalled about 10.67 million and active addresses rose to more than 283,000. RedotPay led by value and transactions. Growth was notable in emerging markets, while activity remained concentrated in a few programs and the overall market stayed small.

Finance

KOSPI holds 6,800 for second day on semiconductor rebound; Kosdaq falls 1.56 percent

South Korea's KOSPI closed higher for a second straight session above the 6,800 level, supported by rebounds in semiconductor heavyweights including Samsung Electronics and SK Hynix. The index fell to the 6,700 range during the session but recovered losses and turned up in afternoon trade. The Kosdaq ended down more than 1 percent. In the foreign exchange market, the won weakened slightly against the dollar.

Finance

FSS to step up financial support for housing supply, focus on 325 capital area PF projects

South Korea's Financial Supervisory Service will strengthen oversight and financial support for residential real estate project financing to bring forward housing supply in Seoul and the greater capital region. It will prioritise 325 projects, including residential sites in regulated capital-area districts scheduled for supply by 2027. The watchdog plans to expand dedicated staff, assign managers to each site and check progress. It will work with the transport ministry, LH and financial institutions to address delays and funding difficulties.