Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea
Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models.
Issuance
New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion
Validators would still be paid the same way for doing the same work, and they keep all the transaction fees and tips they earn from building blocks. Only the newly created ETH gets burned. The deduction from validator rewards arrives slowly, phasing in over 18… Read More
Japan’s FSA to Support Country’s 3 Largest Banks in Stablecoin Issuance
The Japanese Financial Services Agency (FSA) said it will support the country’s three largest banks in developing a proof-of-concept for issuing a stablecoin. Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group… Read More