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Crypto

Stablecoin market grows to $306 billion, daily payment adoption still a challenge

The tokenised asset market is expanding, but investor demand and liquidity are not keeping pace, speakers at a Connect event in Singapore said. They flagged an imbalance between supply and demand in real-world asset tokenisation and growing fragmentation of liquidity. In stablecoins, they said linking to everyday payments matters more than cross-border transfers, with user experience and regulatory compliance also key. Stablecoin market capitalisation reached $306 billion.

Telecommunications & Media

Leap second to be abolished from international time standard from May 2027

The leap second will be abolished from the international time standard on May 20, 2027. The Bureau International des Poids et Mesures (BIPM) voted to bring forward the deadline from before 2035, the Verge reported. The leap second has been used to correct gaps between atomic time and Earth’s rotation. Concerns have grown that future corrections could require subtracting time, a method never attempted, and could disrupt time-synchronised infrastructure.

Finance

Tech Insight: $1 trillion poured into fintech, but why has financial literacy fallen?

With more than $1 trillion flowing into fintech over the past decade, financial literacy has slipped in the United States and remained low among young people in Britain, MAIA founder Michael Gilmore wrote in the Financial Times. He said most money has gone to payment systems, complex trading platforms and buy now, pay later services, not education. Gilmore pointed to MAIA winners backing AI help, anti-fraud work and tailored financial learning.