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Crypto

Stablecoins best used for cross-border payments in UK, industry view

The core near-term use case for stablecoins in the UK is cross-border payments rather than domestic retail payments, industry participants believe. The Financial Conduct Authority disclosed this view when it published results from discussions held during a “stablecoin sprint” in March, Cointelegraph reported. Banks, payments firms and stablecoin issuers cited stronger benefits in emerging markets with limited access to U.S. dollars, while advantages were limited on major corridors with fast, low-cost existing systems.

Industry

Genesis weighs entry-level EV priced in 44 million won range

Genesis is reviewing ways to expand into the mass market with a more affordable electric vehicle, keeping open the possibility of an entry-level model. Genesis executives leading its European business are assessing demand. A candidate is a model based on Hyundai Motor’s small electric hatchback Ioniq 3, using existing EV architecture rather than a new platform. Genesis says it is focusing on long-term growth, while its electrification strategy also includes hybrids and range-extended EVs.

AI & Enterprise

Logpresso, FuriosaAI partner on sovereign AI-based agentic SOC

Logpresso said on Tuesday it signed a memorandum of understanding with AI chipmaker FuriosaAI to cooperate in the NPU-based agentic SOC field and advance AI security monitoring technology. Agentic SOC is a next-generation security operations system in which AI agents autonomously detect, analyze and respond to security threats. The companies plan to jointly develop a reference architecture combining Logpresso’s integrated security platform with FuriosaAI’s RNGD inference chip.