A version of this article appeared in our The Decentralised newsletter on September 30. Sign up here. GM, Tim here. Banks are experimenting with stablecoins amidst a wave of crypto hype that’s washing over traditional finance. Now Société Générale, one of Europe’s largest banks, is upping the ante by diving into DeFi. Its digital assets arm, SG Forge, has just integrated its euro and dollar stablecoins with Uniswap, the largest decentralised exchange with over $100 billion in monthly trading volume, and ...

🇺🇸 JUST IN: The SEC and Gemini Trust reach an agreement over crypto lending dispute involving the Gemini Earn product, nearly three years after the initial complaint was filed. https://t.co/SIRnVUWeSt ...

RT GG (@ggDecrypt)Tokenized Pokémon Cards Are Hot. Lending Them for Crypto Is a Different Story► https://t.co/gwKYyQwA66 https://t.co/gwKYyQwA66 ...

RT shαs (@XBT002)Here's your round-up of today's news from @TheBlock__'s team in Asia:Lead Bank, a Missouri-based lender focused on fintech and crypto companies, has raised $70 million in its Series B round, pushing its valuation to $1.47 billion. @timmyhmshenDecentralized exchange Bunni published a post-mortem report on the exploit that resulted in $8.4 million in losses. @ParkKunwoongAn Ethereum ICO participant moved 150,000 ETH through three addresses to a staking address on Thursday, according to onchai ...

Regulatory Landscape - South Korea temporarily paused crypto lending [1] - Regulatory clarity push could set the standard for other nations [1] Industry Impact - The move towards regulatory clarity in South Korea could influence global crypto regulations [1]

South Korea's pause on crypto lending after a major liquidation event highlights a global trend of rising market leverage.Read more: https://t.co/S995C2Ws8l ...

Regulatory Action - South Korea's Financial Services Commission (FSC) has ordered domestic exchanges to suspend all crypto lending programs, citing risks of user losses and operation in a legal gray zone [1] - Exchanges must comply with the FSC's order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but has barred fresh lending [3] - The regulator plans to formalize digital asset lending with new guidelines once user safeguards are in place [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's lending program [2] - About 13% of the loans were liquidated due to price swings [2] - The FSC flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Lending Program Details - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] Future Outlook - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3] - Leveraged lending is currently on pause but not ruled out in the future [3]

COMMENT: The regulator stated that these products exist in a legal gray area and could lead to user losses, warning exchanges to comply or risk on-site inspections.BSCN (@BSCNews):SOUTH KOREA ORDERS EXCHANGES TO HALT CRYPTO LENDING- South Korea’s Financial Services Commission (FSC) ordered domestic exchanges to suspend all crypto lending programs starting Tuesday.- The regulator said the products operate in a legal gray zone and pose risks of user https://t.co/qyar606noE ...

Regulatory Action - South Korea's FSC ordered domestic exchanges to halt all crypto lending programs, citing legal gray areas and user loss risks [1] - Exchanges must comply with the suspension order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but prohibits new lending [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's program [2] - About 13% of borrowers faced liquidation due to price swings [2] - The agency flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Industry Response & Future Outlook - The crackdown follows the rapid rise of lending services launched in July [2] - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3]

🚨UPDATE: SOUTH KOREA’S FSC ORDERED LOCAL EXCHANGES TO HALT ALL CRYPTO LENDING SERVICES STARTING TODAY, UNTIL NEW RULES ARE IN PLACE ...