Core Insights - South Korea's banks are collaborating with major tech firms like Samsung, Kakao, and Naver to launch the first regulated won-backed stablecoins, aiming to lead in Asia's stablecoin market [1][2] - The Financial Services Commission (FSC) plans to introduce a comprehensive stablecoin bill to the National Assembly by the end of 2025, which would legalize won-backed stablecoins and allow banks to issue them with private partners [3][4] - The stablecoin bill will consolidate six existing parliamentary proposals into a unified framework, promoting regulated stablecoins as part of a broader agenda to enhance Korea's crypto competitiveness [4] Industry Developments - Major South Korean banks, including KB, Shinhan, Hana, and Woori, are forming partnerships with tech giants to prepare for upcoming stablecoin regulations [2][6] - KB Kookmin Bank has filed over 17 trademarks for a "KB KRW" stablecoin and established a dedicated division for stablecoin development [5] - Shinhan Financial Group is testing a won-backed coin on its delivery app and exploring international payments through its subsidiaries in Japan and Vietnam [7] - Hana Financial Group has initiated a Digital Asset Task Force to coordinate efforts across its affiliates [7] - Woori Financial Group is collaborating with Samsung Electronics on the Samsung Wallet, integrating its banking services into the platform [7]

The UK plans to temporarily impose strict caps on stablecoin holdings, including a £20,000 limit for individuals, and allow issuers to have as much as 60% of the backing assets in short-term government debt https://t.co/bR4pUo97KY ...

Core Insights - Japan's Financial Services Agency (FSA) is proposing new registration rules for crypto custodians and trading service providers to enhance oversight of the digital asset infrastructure [1][4][9] Regulatory Changes - A working group under the Financial System Council met to discuss the proposal, which mandates that all third-party custody and trading management firms register with regulators before offering services to crypto exchanges [3][4] - Exchanges will be required to use systems developed only by registered entities, addressing the current lack of similar regulations for external service providers [4][5] Security Concerns - The current framework requires crypto exchanges to safeguard deposits, but external service providers are not subject to the same rules, creating security vulnerabilities [5][9] - The urgency for these changes was highlighted by the DMM Bitcoin hack in 2024, where 48.2 billion yen ($312 million) worth of Bitcoin was stolen, exposing weaknesses in outsourced service oversight [5][6] Support for New Regulations - Most members of the working group support the new registration system, emphasizing the need for clearer regulations in the growing crypto ecosystem [6] - The FSA plans to compile a formal report and submit proposed amendments to the Financial Instruments and Exchange Act during the 2026 ordinary Diet session [6] Broader Digital Finance Agenda - The initiative aligns with Japan's efforts to balance innovation and investor protection, as evidenced by the recent approval of the first yen-backed stablecoin, JPYC, and a stablecoin pilot project involving Japan's three largest banks [7][8]

JUST IN: 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Bank of England to limit stablecoin holdings to £20,000. ...

Core Insights - Circle (CRCL.US) is set to announce its Q3 2025 earnings on November 12, with market expectations for revenue at $710 million and earnings per share at $0.17 [1] Group 1: Stablecoin Growth - Circle's Q3 performance is likely to benefit from the stable growth of its primary stablecoin, USDC, which increased from $61.3 billion at the end of Q2 to $65.2 billion by August 10, 2025 [2] - The on-chain transaction volume for USDC reached nearly $6 trillion in Q2, a 5.4-fold increase year-over-year, with July's transaction volume hitting $2.4 trillion [2] - The number of active wallets holding over $10 in USDC grew by 68% year-over-year, indicating increased adoption [2] Group 2: Product and Market Expansion - New products launched in the past year are expected to drive growth in the upcoming quarterly results, with Circle's payment network operational in Hong Kong, Brazil, Nigeria, and Mexico, attracting interest from over 100 financial institutions [3] - The introduction of Circle Gateway in July 2025 facilitates easier transfers of USDC across different blockchains [3] - The launch of Arc, a new Layer-1 blockchain designed for payments and financial applications, is also contributing positively to USDC's growth and usage [3] Group 3: Competitive Landscape - Circle has expanded partnerships with major exchanges like Binance and OKX, promoting the use of USDC and Circle's wallet technology on large trading platforms [4] - Collaborations with payment infrastructure companies such as FIS, Corpay, and Matera are integrating stablecoin technology into traditional financial systems [4] - However, Circle faces intense competition from established players like Coinbase, PayPal, and Fiserv, which are launching their own stablecoin and cryptocurrency services [4]

Core Viewpoint - Circle is expected to report its Q3 2025 earnings on November 12, with market expectations for revenue at $710 million and earnings per share at $0.17, driven by improved regulatory conditions and growing demand for stablecoins like USDC [1] Group 1: Performance Expectations - The anticipated Q3 performance is likely to benefit from the stable growth of USDC, which increased from $61.3 billion at the end of Q2 to $65.2 billion by August 10, 2025 [2] - USDC's on-chain transaction volume reached nearly $6 trillion in Q2, a 5.4-fold increase year-over-year, with July's transaction volume hitting $2.4 trillion [2] - The number of active wallets holding over $10 in USDC grew by 68% year-over-year, indicating increased user engagement [2] Group 2: Product and Market Expansion - New products launched in the past year are expected to drive growth in the upcoming quarterly results, with Circle's payment network operational in Hong Kong, Brazil, Nigeria, and Mexico, attracting interest from over 100 financial institutions [3] - The introduction of Circle Gateway in July 2025 facilitates easier transfers of USDC across different blockchains, enhancing user experience [3] - The launch of Arc, a new Layer-1 blockchain designed for payments and financial applications, is also contributing positively to USDC's growth and usage [3] Group 3: Competitive Landscape - Circle has expanded partnerships with major exchanges like Binance and OKX, promoting the use of USDC and Circle's wallet technology on large trading platforms [4] - Collaborations with payment infrastructure companies such as FIS, Corpay, and Matera are integrating stablecoin technology into the traditional financial system [4] - However, Circle faces intense competition from established players like Coinbase, PayPal, and Fiserv, which are launching their own stablecoin and cryptocurrency services [4]

RT Token Terminal 📊 (@tokenterminal)🚨🆙 USDT usage on @ethereum is at an all-time high, with monthly transfer volume reaching ~$895 billion in October.Stablecoin-chain-fit https://t.co/IkWzVRZGhk ...

Next Wave of Stablecoin Boom May Seem Invisible, Says Transak CEO► https://t.co/3p01DPOUDP https://t.co/3p01DPOUDP ...

🚨🆙 USDT usage on @ethereum is at an all-time high, with monthly transfer volume reaching ~$895 billion in October.Stablecoin-chain-fit https://t.co/IkWzVRZGhk ...

RT Token Terminal 📊 (@tokenterminal)ICYMI: The total stablecoin supply on @BNBCHAIN is up by ~150% since the start of the year. https://t.co/79snneRhpF ...