Japan’s Three Megabanks Complete Cross-Border Stablecoin Trial
MUFG, Mizuho and SMBC completed a joint yen stablecoin payment pilot, testing issuance, transfers and redemption ahead of planned commercial use.
Binance.US Seeks $100 Million at $1 Billion Valuation, Bloomberg Reports
Binance.US is reportedly seeking up to $100 million in private funding at about a $1 billion valuation as it rebuilds its American exchange business.
Visa Direct Launches USDC Funding for Global Payouts
Visa Direct’s stablecoin prefunding is live through Inyo Global, whose wider payout network spans 180-plus countries, with access subject to eligibility.
USDC Becomes EU’s First Significant E-Money Token Under MiCA
USDC will move to dual EBA and French ACPR supervision on November 12, becoming the EU’s first significant e-money token under MiCA.
France Proposes 31.4% Capital-Gains Tax on Crypto-to-Stablecoin Swaps
French lawmakers propose taxing gains on swaps into fiat-pegged stablecoins from 2027, while loss relief and an exit tax remain under debate.
South Korea Orders Blocks on 27 Crypto Sites, Including KuCoin
South Korea has approved blocks on 27 unregistered crypto websites, including KuCoin, MEXC and BingX, with guidance planned for users facing withdrawal problems.
Kraken Plans UAE Launch Within Weeks After Full VARA Approval
Kraken plans a UAE rollout with dirham funding, crypto trading and xStocks after Payward secured full approval from Dubai’s virtual-asset regulator.
Justin Sun Sees Banks Losing Ground as TRON Targets AI Payments
Justin Sun expects younger users to rely less on banks as crypto adoption grows, while positioning TRON for AI-agent payments and tokenized stocks.
Standard Chartered Plans Institutional Crypto Custody in Singapore
Standard Chartered plans Singapore custody for cryptocurrencies, stablecoins and tokenized assets, extending its institutional digital asset network.
Bitwise’s Hougan Says Bitcoin Is Maturing Into Digital Gold
Bitwise CIO Matt Hougan points to declining Bitcoin volatility as evidence of maturation, while research highlights the limits of the digital-gold comparison.