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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

Binance flags seven altcoins with monitoring tag; prices slump on delisting fears

Global cryptocurrency exchange Binance has newly assigned a monitoring tag to seven tokens, prompting broad declines in their prices. The exchange said the tagged assets show notably higher volatility and risk than other assets and may be delisted if they fail to meet listing standards. Syscoin fell the most at 11.53 percent. Binance also tightened trading requirements for tagged tokens and said it would remove a seed tag from Tether Gold.

Crypto

Flow Traders enters tokenised asset market via 24-hour OTC platform

Crypto market-making firm Flow Traders is entering the tokenised asset market through a 24-hour over-the-counter trading platform, The Block reported on March 19. The platform supports trading in tokenised money market funds, stocks and commodities, and provides two-way liquidity for assets including Franklin Templeton\'s onchain money market fund BENJI and Tether Gold. It is limited to pre-vetted institutional investors that complete onboarding and KYC procedures.