WEMIX froze bridges and paused liquidity after saying an attacker abused owner privileges to mint 5.23 million WEMIX$ without permission. The breach sent funds across chains and revives hard questions about WEMIX’s security after earlier hacks and June delistings.
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Japan’s AZ-COM Maruwa Holdings is reportedly preparing to pay about 2,300 carriers and independent drivers in JPYC, a yen-backed stablecoin, while also planning a ¥1 billion investment in the issuer. If it goes ahead, it could be Japan’s first large-scale corporate use of JPYC.
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Bolivia is reportedly weighing whether to recognize USDT as a payment option as a dollar shortage pushes more people toward crypto. It’s a sign of real-world demand for digital dollars — but not the same as making USDT legal tender.
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The CLARITY Act is running out of Senate runway, and if lawmakers miss July’s floor windows, crypto’s long-promised market-structure rules could slip into the legislative abyss. Between SEC-CFTC turf wars, ethics fights, law-enforcement pushback, and bank objections, this one is far from a clean win.
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South Korea is putting a government-linked won stablecoin to the test in Gyeonggi Province, checking whether blockchain payments can work for public disbursements without blowing up privacy or compliance. The pilot leans on zero-knowledge proofs and reserve checks, but the real test is whether it becomes useful infrastructure or just another polished demo.
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Circle has won conditional OCC approval for a national trust bank charter, a meaningful step toward deeper federal legitimacy — but it still has boxes to tick before operating under the charter. Investors liked the signal, sending shares higher, even if the fine print says this is far from a done deal.
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Visa, Mastercard, and a reported 140+ company consortium are backing Open USD, a new stablecoin whose design echoes ideas the XRP Ledger explored years ago. But the resemblance is technical, not proof of XRPL-native issuance or Ripple control.
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SBI has launched JPYSC, a trust-backed yen stablecoin built for institutional settlement, tokenized assets, and cross-border payments. Unlike earlier capped models, it’s designed as regulated financial infrastructure with real reserve segregation and redemption rights.
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SBI Group and Startale have unveiled JPYSC, a yen-backed stablecoin built for tokenized asset settlement and on-chain finance. The idea is big; the launch timing isn’t fully clear, with materials conflicting on whether it’s live now or planned for 2026.
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Ripple USD Scores Approval in Dubai: A Stablecoin Breakthrough with Big Implications Ripple’s dollar-pegged stablecoin, Ripple USD (RLUSD), has just been recognized as a “Recognised Crypto Token” by the Dubai Financial Services Authority (DFSA), clearing the way for its use within the Dubai International Financial Centre (DIFC). This isn’t just a feather in Ripple’s cap—it’s […]
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