Global #stablecoin market

South Korean digital bank KakaoBank is "actively considering" entering the country's stablecoin market, according to CFO Kwon Tae-hoon.

Bank of America (BofA) is officially preparing its entry into the stablecoin market, marking a significant strategic shift as major U.S. financial institutions increasingly embrace digital assets.

Tether, the issuer of the world's largest stablecoin USDT, has announced the launch of USDT0, a significant milestone in its mission to revolutionize global finance.

Ripple's journey towards a stablecoin took a significant step forward with the New York Department of Financial Services (NYDFS) granting final approval to its dollar-backed stablecoin, RLUSD.

AUSD is a promising new stablecoin designed to maintain a steady value, effectively functioning as a digital dollar. Each AUSD token is underpinned by a combination of cash, U.S. Treasury bills, and secure financial agreements, providing a robust foundation for its value.

Stripe, the renowned privately-owned payments giant, is reportedly in advanced discussions to acquire Bridge, a stablecoin payment platform founded by former Coinbase executive Sean Yu.