Image by Ledger Insights The Wall Street Journal reported today that Amazon and Walmart are exploring potentially issuing their own stablecoins, or failing that, using an existing one. A lot depends on the outcome of the GENIUS Act stablecoin legislation winding its way through the Senate. Another e-commerce giant mulling a digital currency is travel …
Image by Ledger Insights Today the ruling Democratic Party of Korea introduced the Basic Digital Asset Act at a press conference. The draft legislation aims to allow non banks and payment providers to issue stablecoins, and also relaxes rules for crypto exchanges, enabling them to participate in lending and choose which tokens to list. Under …
Korean legislation plans to remove stablecoin oversight from central bank 閱讀全文 »
Image by Ledger Insights On Friday the European Central Bank launched a consultation on extending the hours of T2, its main real time gross settlement (RTGS) system. DLT payments and the digital euro are one of the considerations, although not the primary driver of the plans. T2 already operates 22.5 hours a day, but consumer …
ECB consults on extending RTGS hours – could help DLT payments, digital euro 閱讀全文 »
Image by The Crypto Times The company itself will retain 11.48% of the token supply, also with similar vesting conditions. Pudgy Penguins, one of the most popular NFT projects, is launching its cryptocurrency called PENGU later this year. The announcement was made by the Pudgy Penguins team in a post on X on Thursday. The …
Pudgy Penguins To Launch PENGU Token on Solana Blockchain 閱讀全文 »
Image by Ledger Insights Today the Reserve Bank of Australia and the Australian Treasury published a report on work done so far on central bank digital currency (CBDC). As stated previously, they see no immediate need for a retail CBDC, despite the Australian cash transactions (13%) as a proportion of retail payments nearing Scandinavian levels. …
Reserve Bank of Australia confirms new wholesale CBDC initiative 閱讀全文 »
Image by Ledger Insights Today the Institute of International Finance (IIF) released the names of 41 firms selected to participate in the public – private tests of Project Agorá. It’s an ambitious project initiated by the BIS to modernize correspondent banking using a unified ledger, tokenized deposits and wholesale CBDC from seven central banks. One …
41 institutions join BIS tokenized cross border payment Project Agorá 閱讀全文 »
Image by Ledger Insights During a press conference yesterday Thailand’s Minister of Finance, Pichai Chunhavajira, discussed plans to issue a Thai Baht stablecoin backed by government bonds. The launch target is October. It follows previous reports of plans to use Bitcoin and cryptocurrencies as payments on the holiday island of Phuket. However, former prime minister …
Thai government plans Baht stablecoin backed by gov bonds 閱讀全文 »
Image by Ledger Insights Today tokenization firm Securitize announced a partnership with alternative asset manager Apollo Global (AUM $512 billion) to tokenize one of its funds. Securitize is creating a new tokenized feeder fund for the Apollo Diversified Credit Securitize Fund (“ACRED”). The fund will be available on six blockchains following Securitize going live with …
Tokenized Apollo fund launched on 6 public blockchains 閱讀全文 »
Image by Ledger Insights Visa has unveiled its latest stablecoin related pilot involving Visa Direct payouts using the digital currency to gig workers or employees. Visa Direct is the card company’s payment system that uses its own network, which is especially useful for international transfers. Usually the payment is sent to the recipient’s Visa card, …
Image by Ledger Insights The Hong Kong Government announced the pricing of its third digital green bond issuance of HK$10 billion ($1.29 billion). Demand far exceeded supply, with the bond 13x oversubscribed. The digital bond issuance will be roughly in equal amounts in four currencies: HKD, RMB, USD and EUR. “The HKSAR Government’s third issuance …
Hong Kong confirms HK$10 billion digital green bond issuance 閱讀全文 »
