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Crypto

Circle CEO says it is watching South Korea stablecoin market, would consider entering if rules open

U.S. stablecoin company Circle has rated South Korea as a key hub in the global digital asset market and has formalised the possibility of expanding business in line with domestic regulatory developments. Co-founder and CEO Jeremy Allaire said Circle is closely watching South Korean discussions on digital asset and stablecoin legislation. He said the company is reviewing a suitable local business structure and would seriously evaluate operating formally under regulation if a legal path is 마련ed for foreign-issued stablecoin operators.

Crypto

Six major Swiss banks test Swiss franc stablecoin

Six major Swiss banks are testing a stablecoin pegged to the Swiss franc with Swiss Stablecoin AG, CoinDesk reported. UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank and BCV set up a sandbox allowing banks and institutions to trial real transactions in a controlled environment through 2026. The project limits user numbers and volumes to manage risk and focuses on payment process testing and programmable money. Switzerland does not yet have a widely used regulated CHF stablecoin.

Crypto

Shinhan Financial signs MOU with Bank of Korea to promote deposit tokens

Shinhan Financial Group signed an agreement with the Bank of Korea on Wednesday to promote innovation in digital financial infrastructure based on deposit tokens. The deal is aimed at supporting the central bank-led second real-transaction pilot project for deposit tokens, known as Project Hangang. The two sides plan to explore services people can use in daily life and discuss directions for building next-generation financial infrastructure.