South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives
South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits. Per the newspaper Maeil Kyungjae, Hana Bank is now “acti...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per the newspaper Maeil Kyungjae, Hana Bank is now “actively participating” in the BOK’s ongoing CBDC Proof of Concept project.
The newspaper noted that the BOK and Hana will “actively participate in the preparation” of a “currency system based on blockchain technology.”...
Read More: South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say
A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Ci...
BIS paper finds banks could slow stablecoin growth by raising rates
Rising bank rates could curb stablecoin growth, impacting monetary policy, regulation, and competition between banks and digital c...
Borderless.xyz report finds stablecoin payments beat bank FX rates
Stablecoin payments' efficiency over banks could reshape cross-border transactions, emphasizing dynamic provider selection to mini...
Japan’s megabank trio completes joint stablecoin payment test
Japan's successful stablecoin test by major banks could revolutionize cross-border payments, enhancing efficiency and fostering bl...
XRP spot volume surpasses Bitcoin and Ethereum on South Korea’s Upbit
XRP's dominance on Upbit highlights the potential impact of local regulatory shifts on global crypto liquidity and market dynamics...
Mastercard Taps 17B Endpoints With BVNK Stablecoin Platform Across 200+ Markets
Key Takeaways: Global Money Platform For Fiat and Stablecoin Payment by Mastercard and BVNK. Mastercard Move links to 17B+ devices...