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Crypto

Dollar stablecoin market tops 400 trillion won as Korea faces double bind on won stablecoin

The global stablecoin market has grown to about 400 trillion won, with dollar-backed tokens dominating and strengthening their position in payments and remittances. In South Korea, debate over issuers, reserve asset management and redemption is slowing progress on the Digital Asset Basic Act. Industry participants say allowing won stablecoin issuance is not enough and that viable payment use cases, liquidity, distribution channels and supporting infrastructure must be built alongside regulation.

Crypto

Wemix upgrades bug bounty with CertiK to strengthen detection of key threats

The Wemix Foundation has revamped its bug bounty programme with blockchain security firm CertiK, shifting it to the CertiK Hunt platform. The new programme focuses on the Wemix 3.0 blockchain and governance contracts and uses a three-tier severity system. Reports of critical vulnerabilities can earn up to $10,000, paid in USDT on Ethereum. Participation is restricted to vetted researchers, and only top-tier Vanguard members can submit reports.

Crypto

South Africa\'s FNB launches cryptocurrency investment service

South African major bank First National Bank (FNB) has launched a cryptocurrency investment service called Crypto Investing. Customers can trade bitcoin, ether, XRP, solana and tether (USDT) directly on the bank\'s existing stock trading platform. The service is provided in partnership with licensed South African cryptocurrency trading platform VALR. The minimum transaction amount is 10 rand and trading is available 24 hours a day. FNB said it launched the service as demand rose.