In a significant development for the global cryptocurrency landscape, NHN KCP, a prominent subsidiary of South Korean tech powerhouse NHN, has taken a decisive step towards launching a new USD-pegged stablecoin. This move signals a growing interest in bridging traditional finance with digital assets, especially from established tech companies. It is certainly a moment that
The cryptocurrency world is buzzing with significant news: Heath Tarbert, the esteemed Circle president, is heading to South Korea later this month. This pivotal visit promises to ignite crucial discussions within the nation’s rapidly evolving South Korea crypto market. Circle, a leading stablecoin issuer, is making strategic moves, and Mr. Tarbert’s agenda includes high-level meetings
Coinbase CEO Brian Armstrong has reacted to a significant milestone for the top U.S. cryptocurrency exchange. In a tweet, Armstrong disclosed that Coinbase has acquired an A+ rating from the Better Business Bureau (BBB), indicating considerable growth in customer service. In his X post, Armstrong applauded the company’s Customer Experience team, highlighting the effort that
South Korea’s first Korean won-backed stablecoin was recently launched in a test run by fanC in collaboration with financial software firm Initech. Could this be the start of Korea’s stablecoin bid? Summary fanC and Initech have launched the first Korean won-backed stablecoin pilot. Major fintech and crypto-related firms in South Korea have been gearing up
Key Takeaways OpenAI is considering a secondary stock sale at a valuation of about $500 billion, a two-thirds increase from its last valuation. Microsoft remains the primary investor holdout as OpenAI discusses its future as a for-profit entity and talent retention challenges. OpenAI is exploring a multi-billion-dollar secondary stock sale that could increase its valuation
A recent study by Cryptoninjas shows that Generation Z leads in stablecoin usage, with 46% transacting monthly, compared to 30% of Millennials and 29% of Generation X. Current Adoption and Generational Divide Based on a new study by Cryptoninjas, about 53% of survey participants said they have already used stablecoins, while 39% were aware of
In the Gulf Cooperation Council region, there is a significant gap in the availability of regulated digital asset exchange-traded products. According to Andrew Forson, this leads to capital being exported to other jurisdictions—a situation that not only results in financial losses but also hampers the development of local infrastructure and liquidity. GCC Lags Behind Europe
The FED has been pausing the interest rate cuts it started in September 2024 since January 2025. Fed Chairman Jerome Powell and the majority of members are keeping interest rates steady, citing ongoing uncertainty from tariffs. As interest rate cut hopes continue to intensify in September, Bank of America CEO Brian Moynihan released his forecast.
President Trump’s tariff policies are creating stagflation risks in the US economy. This threatens both traditional markets and cryptocurrency prices as the Federal Reserve faces difficult policy choices. The new US tariff order under President Donald Trump seems to be reaching its final stage. However, signs of stagflation are emerging in the American industrial sector.