Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to…

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Deutsche Bank-backed EURAU stablecoin launch: Key things to know

Deutsche Bank-backed EURAU stablecoin launch: Key things to know

AllUnity’s EURAU stablecoin launches as euro-denominated stablecoins account for just 0.2% of the stablecoin market despite surging 60% since late 2024. EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain. AllUnity — a company backed and formed by the three entities…

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Crypto on deck? Interactive Brokers explores stablecoin launch

Crypto on deck? Interactive Brokers explores stablecoin launch

Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using…

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Western Union joins stablecoin race, eyes crypto partnerships — CEO

Western Union joins stablecoin race, eyes crypto partnerships — CEO

Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity. Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the firm views stablecoins…

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