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Crypto
Stablecoins gain momentum as battle for digital payments ecosystem intensifies
A global contest over digital currencies is gathering pace as stablecoins expand beyond crypto markets into payments and remittances. The United States is moving to fold stablecoins into federal regulation, while the European Union and Japan are taking more restrictive approaches aimed at financial stability. South Korea has begun debating rules for won-linked stablecoins, while the Bank of Korea is pushing ahead with its CBDC and deposit-token pilot, Project Hangang, amid concerns over monetary policy and user protection.
Crypto
American Airlines surprised by efficiency gains after adopting Ripple solution
American Airlines said operational efficiency improved more than expected after adopting Ripple\'s enterprise finance solution, Ripple Treasury. The carrier said it unified previously dispersed finance management tasks on a single platform, increasing cash visibility and automation and allowing staff to focus on other priorities. It reported global cash visibility rose from about 65 to 99 and automated accounting from about 50 to 90, saving up to 20 percent of finance team time.
Finance
Woori Bank launches 18.4 trillion won emergency financial support program amid Middle East uncertainty
Woori Bank said on Tuesday it is launching an emergency management financial support program worth 18.4 trillion won to minimise financial market volatility and real-economy impacts stemming from uncertainty in the Middle East. The bank plans 18.3 trillion won for companies, including liquidity and export-import support, and about 100 billion won for individuals and financially vulnerable groups. It will also run a foreign-exchange counselling team and strengthen risk monitoring.
