Search results for fintech
Crypto
Tech Insight: Why stablecoins still are not used like money despite being super infrastructure
Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.
Finance
FSS calls financial sector CISOs, warns of tough measures over passive self-corrections
South Korea\'s Financial Supervisory Service called in chief information security officers from financial companies and urged stronger responses to cyberattacks using artificial intelligence. It said it will conduct on-site inspections of high-risk firms with weak basic IT controls and intensify monitoring, including management interviews. The watchdog plans checks in five areas through November and said it may reduce sanctions for minor incidents if firms make thorough self-corrections, but will take tough action if passive efforts lead to major IT and cyber incidents.
Crypto
Uzbekistan starts bond-backed stablecoin payments pilot
Uzbekistan has launched a pilot programme to use HUMO, a stablecoin pegged to the Uzbek som, for payments for goods and services. The bond-backed stablecoin is being tested in a regulatory sandbox to gauge the potential to expand digital payment infrastructure. The trial will cover issuance, circulation and redemption, as well as payments at merchants. Authorities will review collateral sufficiency, transparency, cybersecurity, consumer protection and anti-money laundering controls.
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Crypto
Visa expands stablecoin card finance with blockchain loans
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Crypto
Brazil\'s crypto market more than quadruples in five years as banks expand products
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Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
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Crypto
Stablecoin growth bottleneck is banks, not blockchain
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Crypto
21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene
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Crypto
Payward partners with SoFi to add SoFiUSD on Kraken
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Finance
AI capabilities could widen gaps as industry reacts to easing of finance network separation rules
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Crypto
Korea Fintech Industry Association, XRPL Korea to support commercialisation of digital asset businesses
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Finance
139.99 billion flowed into fintech; H2 battlefield is infrastructure and AI
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Finance
U.S. Pentagon AI deputy who led Anthropic exclusion sells Perplexity and xAI stakes
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Finance
Banks may regain lead in cross-border payments on accounts, regulation and trust
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Crypto
Ripple\'s RLUSD market cap tops $2 billion; XRP Ledger issuance exceeds $1 billion
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Crypto
Danal to pursue stablecoin payments with VASP INX
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Crypto
Ark Invest buys additional $40 million of Block and Circle shares on stock drop day
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Finance
FSC sets 9.24 trillion won budget for 2027, focusing on national growth fund and financial support for low-income people