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Crypto

Tether files trademark applications for name and logo in South Korea

Tether, the world’s largest stablecoin issuer, has filed multiple trademark applications in South Korea, including for its corporate brand and gold-linked stablecoin Tether Gold (XAUT). The move comes as discussions advance on tightening stablecoin rules, including possible requirements for foreign issuers to set up local branches. Rival Circle has also stepped up outreach in Korea and expanded platform partnerships. The domestic market is seen as large, though the regulatory framework is still unsettled.

Crypto

Stablecoin land grab intensifies as banks and fintech form alliances

South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.

Crypto

Circle raises $222 million in Arc token presale, a first for a U.S. listed company

USDC stablecoin issuer Circle raised $222 million in a presale of the native token for its Arc blockchain aimed at institutions, CNBC reported on May 11. Andreessen Horowitz led the round with a $75 million investment, with BlackRock, Apollo Fund, ICE, SBI Group, Haun Ventures and Bullish also participating. The presale valued the Arc network at $3 billion on a fully diluted basis. Circle unveiled developer tools for AI agents using USDC.