Bank of Russia Claims Digital Ruble Issuance Won’t Cause Inflation
The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new c...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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SoFi Launches Yield-Bearing Tokenized Bank Deposit With Stablecoin Conversion
TL;DR: SoFi says its new SOFIE tokenized deposit represents money held at SoFi Bank, advertises 4.40% APY subject to terms, and ca...
Chainlink And LG CNS Target South Korean Banks With Digital Asset Infrastructure Deal
TL;DR: Chainlink and LG CNS are partnering on oracle and cross-chain infrastructure aimed at South Korea’s financial institutions;...
SoFi Launches 4.40% APY Tokenized Deposit With FDIC Cover and 24/7 Crypto Access
Key Takeaways: SoFi launched a variable 4.40% APY tokenized bank deposit service named SOFIE. Each SOFIE signifies $1 deposited wi...
HSBC Launches RedCoin Stablecoin and Plans to Let Customers Buy Tokenized Funds With It
HSBC put its first stablecoin, a Hong Kong dollar token called HSBC RedCoin (ticker RCHKD), on its PayMe payments app on Oct. 23,...
Bank of Korea Wants Stablecoins Written Into Forex Law as Crypto Bill and Tax Fight Come to a Head
Bitcoin Magazine Bank of Korea Wants Stablecoins Written Into Forex Law as Crypto Bill and Tax Fight Come to a Head The Bank of Ko...
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a signi...