Search results for Swedish krona
Crypto
AllUnity launches Swedish krona stablecoin SEKAU
AllUnity has launched SEKAU, a Swedish krona-pegged stablecoin issued as an e-money token under the European Union’s MiCA crypto regulatory framework, Cointelegraph reported on June 19. The token is backed by segregated Swedish krona reserves and is pegged 1:1 to those reserves, the company said. SEKAU targets inter-institution payments and cross-border remittances and is launching across five blockchain networks.
Crypto
AllUnity to issue SEKAU Swedish krona-pegged stablecoin
AllUnity, a European regulated stablecoin issuer backed by DWS, Flow Traders and Galaxy, will issue SEKAU, a stablecoin pegged to the Swedish krona. SEKAU will be backed 1:1 by Swedish krona reserves and issued as a regulated e-money token under the EU’s Markets in Crypto-Assets Regulation (MiCA). Holders will have a legal right to redeem at par. The token is designed for institutions, fintechs and corporates, with a June launch planned.
Finance
Won nears 1,490 per dollar this month, fourth-highest on record; biggest drop among major currencies
South Korea’s average won-dollar exchange rate rose to near 1,490 this month, the fourth-highest on a monthly basis, as foreigners sold a record amount of KOSPI shares. The won has posted the biggest decline against the dollar among major currencies this month. Analysts cited risk aversion linked to the Middle East war, valuation concerns in AI and semiconductors, and worries over Korea’s energy import dependence and export mix.
