The Business Times

Stablecoins

Companies & Markets

FSB warns on emerging threats from stablecoins, private finance

The consortium will investigate the issuance of “a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains”, the banks say.
Banking & Finance

Goldman, BNP among banks exploring stablecoin-like digital money

The prosperity of Asean+3 economies hinges on whether policymakers, central banks and financial supervisors can navigate an increasingly complex landscape of novel risks, say the writers.
Opinion & Features

Central banks must guide Asean+3 through age of novel risks

The desire to avoid savings being wiped out will drive individuals and companies to put their money into stablecoin wallets instead of banks.
Crypto & Alternative Assets

Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered

OpenAI’s valuation is now at US$500 billion. Can the AI boom keep going?
Podcasts

AI boom, gold rush, oil slump: What Asia’s markets are signalling

FILE PHOTO: Smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Crypto & Alternative Assets
BT EXPLAINS

What is a Singapore dollar-backed stablecoin, and how does it work?

Visa Direct, the payment network’s real-time platform, will use Circle Internet Group’s USC dollar and EURC euro-backed stablecoins for the pilot.
Banking & Finance

Visa tests pre-funded stablecoins for cross-border payments

About 90 per cent of the world’s central banks are now exploring digital versions of their fiat currencies as they look to avoid getting left behind.
Banking & Finance

Swift and top global banks working on blockchain-based overhaul

“The initiative will provide a real European alternative to the US-dominated stablecoin market, contributing to Europe’s strategic autonomy in payments,” said the consortium of European banks, including UniCredit.
Banking & Finance

European banks to launch euro stablecoin in bid to counter US dominance

StraitsX and Coinbase says the access to XSGD through the exchange in Singapore will provide local entrepreneurs with greater access to the global financial system.
Crypto & Alternative Assets

Singapore dollar-backed XSGD stablecoin to launch on Coinbase on Sep 30

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