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Crypto

Dollar stablecoin market tops 400 trillion won as Korea faces double bind on won stablecoin

The global stablecoin market has grown to about 400 trillion won, with dollar-backed tokens dominating and strengthening their position in payments and remittances. In South Korea, debate over issuers, reserve asset management and redemption is slowing progress on the Digital Asset Basic Act. Industry participants say allowing won stablecoin issuance is not enough and that viable payment use cases, liquidity, distribution channels and supporting infrastructure must be built alongside regulation.

Crypto

82 crypto projects shut down this year, survival at risk amid bear market and funding crunch

A total of 82 cryptocurrency projects and protocols have stopped operating so far this year, as a prolonged bear market, worsening profitability, depleted funding and security incidents weigh on the sector. Researcher Stacey Moore compiled the list and posted it on X, including Balancer and Radiant Capital. Separately, DefiLlama said about 100 projects announced shutdowns this year, citing weak product-market fit and funding constraints despite sizeable fundraising.

Crypto

Stablecoin transfers surge but market cap stays flat amid adoption gap

Stablecoin transfer volumes reached $891 billion in the third quarter of 2026, more than quadruple early 2023 levels, a Coinbase and The Block Research report showed. Adjusted transfers exceeded $400 million per hour, with most activity outside U.S. banking hours. Banks and companies expanded testing and usage, while addresses holding stablecoins were estimated at 293 million. Despite rising use, stablecoin market capitalisation stood at $301.42 billion, slightly below a year earlier.