stablecoin

HK regulators issue statement on stablecoin-related market movements

The SFC and the Hong Kong Monetary Authority (HKMA) today issued a joint statement on recent market movements in relation to stablecoins.

Standard Chartered Bank (Hong Kong) Limited has established a joint venture, Anchorpoint, together with Animoca Brands and HKT.

Visa plans to support more stablecoins, more chains and more use cases within its settlement platform.

Fiserv plans to launch a new stablecoin (FIUSD) that will be added to Fiserv’s existing banking and payments infrastructure by the end of the year.

Traditional banks worry that digital currencies could erode their control over customer deposits and payment processing.

GMO-Z.com Trust Company, Inc. today launched GYEN, a JPY stablecoin, and ZUSD, a USD stablecoin, on the Solana network.

PayPal confirmed today that it has received a subpoena from the Securities and Exchange Commission (SEC) regarding its USD stablecoin.

The Principles for Financial Market Infrastructures (PFMI) apply to systemically important stablecoin arrangements.