Image by Ledger Insights Standard Chartered has partnered with Singapore stablecoin issuer StraitsX to provide cash management and custody services for two of its stablecoins in Singapore dollars and US dollars. StraitsX provides the most popular Singapore dollar stablecoin XSGD and has been involved in numerous trials run by the Monetary Authority of Singapore (MAS), including …
Image by Ledger Insights During the past week Circle’s President Heath Tarbert visited Korea and held meetings with the central bank and big four commercial banks, KB Kookmin, Shinhan, Hana and Woori. Multiple news outlets reported that Circle has no intention of participating in the issuance of a won stablecoin. Instead, Mr Tarbert aimed to …
Circle exec’s Korean visit: no plans to issue a won stablecoin 閱讀全文 »
Image by Ledger Insights Brazil’s Braza Group has launched a Brazilian Real stablecoin BBRL. The issuance is particularly significant because its primary activity is as a foreign exchange (FX) bank. During the first half of 2024 it was involved in US$30 billion of transactions. It ranks sixth in the central bank’s interbank markets and has …
Image by Ledger Insights The Bank of Israel conducted a thoughtful survey process for its Digital Shekel central bank digital currency (CBDC). It found that 51% of respondents had either a high or intermediate interest in the digital currency. Some of the responses received contrasted with other CBDC surveys. For example, privacy did not rank …
Digital shekel CBDC survey finds considerable user interest, especially if remunerated 閱讀全文 »
Image by Ledger Insights The initial rollout of Russia’s retail central bank digital currency (CBDC) was originally planned for 1 July 2025, but the launch was postponed until 1 September 2026. However, federal government departments can use the digital ruble starting 1 January 2026, with the Ministry of Finance defining the types of permitted payments …
Russia clears digital ruble for government usage starting January 2026 閱讀全文 »
Image by Ledger Insights Yesterday PayPal held its first investor day under new CEO Alex Chriss, where it briefly touched on its cryptocurrency activities. To date, the stablecoin has mainly been used within the crypto ecosystem, despite being available via the PayPal app and Venmo. PayPal intends to change that by rolling it out for …
PayPal plans to use stablecoin for merchant payments, mass payouts 閱讀全文 »
Image by Ledger Insights Last year the BIS Innovation Hubs in Europe and Singapore announced plans for Project Rialto to explore foreign exchange (FX) for retail cross border payments. Today the BIS published a work in progress paper outlining its plans, including the involvement of the central banks of France, Italy, Malaysia and Singapore. The …
BIS Project Rialto to explore DeFi style FX for retail cross border payments 閱讀全文 »
Image by Ledger Insights China Asset Management Hong Kong (ChinaAMC HK) is partnering with Standard Chartered to issue one of the first tokenized money market funds (MMFs) in Asia to target retail investors. It confirmed it has received approval from the Securities and Futures Commission (SFC). The tokenized fund, which aims to launch later this …
StanChart partners ChinaAMC for retail tokenized fund 閱讀全文 »
Image by Ledger Insights For some time there’s been talk of stablecoins replacing eurodollars, but the discussion has accelerated with the new Trump administration. In one of his executive orders, he promoted the idea of dollar stablecoins being used ‘worldwide’. It’s likely the motivation is more about increasing the stock of stablecoins to ramp up …
Image by Ledger Insights This coming Monday’s Eurogroup meeting will include a discussion about tokenization, DLT and central bank money for wholesale settlement, as well as the status of the retail digital euro. The Eurogroup is an informal body of economic and finance ministers that meet to discuss issues relating to the euro currency. Mr …
EU finance ministers to discuss tokenization, wholesale DLT settlement 閱讀全文 »
