Finance

Stablecoin remittance expansion needs forex rules and payment networks overhaul

Expanding overseas remittances and international payments using stablecoins will require interoperability between existing bank networks and digital payment rails, as well as reforms to South Korea’s foreign exchange transaction system, participants said. They also called for an institutional basis to reduce prefunding burdens on remittance firms and support real-time settlement. At a National Assembly seminar, speakers discussed changing global payment infrastructure, user protection, anti-money laundering and foreign exchange management frameworks.

Crypto

XRP long-term holders\' frustration grows; ex-Ripple CTO says no hidden strategy

David Schwartz (데이비드 슈워츠), Ripple\'s former chief technology officer, denied claims from the community that Ripple has a separate, undisclosed strategy. He responded to growing frustration among XRP holders and said there was no secret corporate plan being kept from them. The dispute comes as XRP has traded around $1.04 and fallen more than 20 percent over the past 30 days, sharpening dissatisfaction among long-term holders.