Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
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The Brief
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Standard Chartered Launches RLUSD Custody, Plans LMAX Collateral Link
Standard Chartered now holds Ripple's RLUSD stablecoin on the XRP Ledger for institutional clients through its DIFC branch, and plans to let LMAX accept it as collateral without moving the tokens.
Securitize Launches Tokenized U.S. Stocks Settled in USDC
Securitize Stocks give eligible investors tokens backed one for one by U.S. shares, settled in USDC on Solana.
ESMA Tells MiCA-Licensed Firms to Stop Services in Non-MiCA Stablecoins
ESMA's opinion covers every MiCA service, including custody and transfers, and gives regulators three months to clear remaining client holdings.
How Digital Money Works
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Tokenized Deposits and Stablecoins: The Difference
A digital token does not tell you who owes the money. Start with the claim behind it.
The Full Cost of a Cross-Border Stablecoin Payment
The full cost of a cross-border stablecoin payment, with a cost model, worked examples and World Bank data.
What Happens When You Redeem a Stablecoin?
Selling a token and redeeming it with its issuer are different transactions. Here is where the dollars come from.
Inside the Stablecoin
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Can USDT Be Frozen? What Tether and Circle's Terms Allow
Yes, and so can USDC. The power sits in the issuers' terms and in the token contracts themselves.
How to Buy USDT TRC-20 and Receive It on TRON
Buying USDT and receiving it on TRON are separate steps. Check the withdrawal network before funding the purchase.
Cheapest Way to Send USDT: TRON, Ethereum, Solana and TON Fees
Compare USDT network fees, recipient support and the extra cost of a first transfer.
Money in Motion
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Payment Versus Payment: What PvP Removes from an FX Trade
Conditional currency settlement reduces principal risk. It still leaves funding, replacement and operational questions.
How Crypto Cards Turn Tokens Into Merchant Payments
A card funded with stablecoins does not mean the shop receives a blockchain transfer.
Paying Suppliers in Stablecoins: Invoice to Settlement
Agree the asset, network and final amount before treating a wallet transfer as a paid invoice.
The Reading List
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Canada's Stablecoin Act: How the Bank of Canada Will Regulate Issuers
Canada's Stablecoin Act puts non-bank issuers under the Bank of Canada: registration, a full reserve, redemption at par and no interest. Most of it is expected in force in 2027.
Ethereum Gas Fees for USDT and USDC Transfers
Ethereum gas fees for USDT and USDC are paid in ETH. See the fee formula, gas limits and failed transfers.
Can Stablecoins Lose Value? How a Peg Holds and Breaks
The $1 is a redemption promise, not a set price. USDC in 2023 and UST in 2022 show how it bends and breaks.
Stablecoin vs CBDC vs Tokenized Deposit: Who Issues It and What Backs It
Three kinds of digital money, three different debtors: a private issuer, a central bank or a commercial bank.
Hong Kong Stablecoin License: How the HKMA Regime Works
Who needs an HKMA stablecoin license, what it requires on capital, reserves and redemption, and which issuers hold one.
Correspondent Banking: How Banks Use Other Banks to Pay
The accounts and bank relationships behind cross-border settlement, and the risks a payment message cannot remove.
