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South Korea n banks have been exploring alter native s for Stablecoins and CBDC s. Certificate of Deposits or CDs have managed to garner the interest of top banks of the region. Citing unnamed “industry sources,” Maeli Business News Korea pointed out, “ Hana Bank plans to conduct research on CD tokens as part of its internal decision to engage in the proof of concept (PoC) process for the CBDC project by the Bank of Korea. “ Recently, the nation’s central bank tied up with Samsung to research CBDC for offline payments. The two sides signed a Memorandum of Understanding in Q2 2023. In fact, Samsung also participated in the two-part mock testing of CBDC conducted by the Bank of Korea last year. Also Read: Bank of Korea Partners with Samsung to Research CBDC for Offline Payments Are CDs more reliable than stablecoins? The local media report underlined that Hana Bank is likely interested in exploring the central bank’s blockchain moneta...

The past year has been quite depressing for the crypto market. Collapses, bankruptcy filings, and stagnated prices are the characteristics that stood out in 2022. With the gloomy year almost coming to an end, Peter Johnson, Co-Head of Venture at Brevan Howard Digital took to Twitter to share a positive development pertaining to Stablecoins . Stablecoins: The Crypto Market’s Knight In Shining Armor? In 2021, Stablecoins settled around $7 trillion in on-chain. However, the rate is already up to $9 trillion per year now. Johnson highlighted that the amount settled by other payment-processing corporations like Mastercard (~$2.2T), Amex (~1T), and Discover (<200B) were fairly lower. Visa’s processing rate alone, on the other hand, stood around $12 trillion per year. 1/ Last year, stablecoins settled >$7tn on-chain. Current run-rate is ~$9tn/yr. This is significantly more than Mastercard (~$2.2tn), Amex (~$1tn), and Discover (<$200bn). In 2023, on-chain stablecoin...