Crypto

USDC for payments, USDT for savings: Standard Chartered on stablecoin battleground

Standard Chartered forecasts the stablecoin market will reach $2 trillion by 2030, pushing back its earlier timeline by 2 years after this year’s market stagnated near $309 billion. It said trading activity is rising even without a big increase in total market value, as existing supply turns over more frequently. The bank sees USDT leading savings demand in emerging markets and USDC leading payments in advanced economies, with regulation, reserve-income sharing and accounting changes shaping competition.

Finance

SBI, Yoshimoto plan joint venture to pair Japanese content with financial technology

Japan's financial group SBI Holdings is moving to target the global content market with major entertainment company Yoshimoto Kogyo Holdings. The companies agreed in principle on a strategic partnership and to set up a joint venture to plan and develop original intellectual property and invest in production. They also plan to use a 100 billion yen SBI Neo Content Fund and explore fundraising using digital securities and security tokens, though details were not disclosed.