dollar-peg

According to Nikkei News, Sony Bank is set to issue a dollar-pegged stablecoin in the United States as early as fiscal year 2026.Sony Group plans to use this stablecoin for payments related to gaming and anime content within its ecosystem.

ChainCatcher news, according to Aastocks, Circle's Vice President for the Asia-Pacific region, Chen Qinqi, stated that professional investors in Hong Kong can currently use USDC under the existing framework without additional regulation. The company has no plans to issue a Hong Kong dollar-pegged stablecoin and is currently focused on the US dollar stablecoin USDC and the euro stablecoin EURC.Chen Qinqi also pointed out that Circle remains open to collaborations related to a Hong Kong dollar stablecoin and has engaged in discussions with several institutions, looking forward to the future launch of the Hong Kong dollar and other stablecoins in the Hong Kong market.

ChainCatcher news, according to the Daily Economic News, Animoca Brands plans to establish a joint venture with Standard Chartered Bank and Hong Kong Telecom to prepare for the issuance of a stablecoin pegged to the Hong Kong dollar.The president of Animoca Brands stated in an interview that the stablecoin will be widely used in scenarios such as virtual asset transactions within the gaming ecosystem, cross-border trade, and financial settlements, which will help mainland asset transactions go international. He believes that Hong Kong needs to continue to strengthen its efforts in stablecoin regulation to promote the development of the digital asset and asset tokenization industry. Animoca Brands hopes to collaborate with mainland institutions on blockchain applications.

ChainCatcher news, according to Cointelegraph, Sonic Labs has canceled its plan to launch an algorithmic stablecoin pegged to the US dollar and instead opted to develop an alternative stablecoin product priced in UAE Dirhams.Sonic Labs co-founder Andre Cronje confirmed the news on the X platform, stating: "We will no longer issue an algorithmic stablecoin pegged to the US dollar, but will issue an alternative linked to the digital Dirham, which is settled in US dollars but is absolutely not an algorithmic stablecoin based on the US dollar."It is reported that the UAE has previously announced plans to launch a central bank digital currency (CBDC) digital Dirham in the fourth quarter of 2025.

ChainCatcher news, according to Cointelegraph, Bitcoin extremist Max Keiser stated that due to gold's inflation-hedging properties and minimal volatility, gold-backed stablecoins will outperform dollar-pegged stablecoins globally.Keiser believes that gold is more trusted worldwide than the dollar and stated that foreign governments in adversarial relationships with the United States will not accept dollar-pegged stablecoins.

ChainCatcher news, according to CoinDesk, Latin American e-commerce giant Mercado Libre's digital bank Mercado Pago has announced the launch of a dollar-pegged stablecoin "Meli Dollar" in Brazil. Users can buy and sell this stablecoin using their Brazilian real balance without any fees. This move aims to provide users with a practical and stable financial management tool.Previous news, Latin American e-commerce giant Mercado Libre has launched cryptocurrency in Brazil.

ChainCatcher news, Conflux Network is collaborating with fintech company AnchorX to launch a Hong Kong dollar-pegged stablecoin as early as the second quarter of this year.Conflux founder and CEO Fan Long stated in an interview that the AnchorX team hopes to launch its "AxHKD" stablecoin as soon as possible, but many factors depend on the speed of progress in the regulatory sandbox.Earlier this month, Conflux and AnchorX announced the beta testing of AxHKD, aiming to maintain a 1:1 peg with the Hong Kong dollar, "backed by a reserve of high-quality liquid assets." According to the company's statement, AxHKD will initially be launched on the Conflux public blockchain, with OKLink Trust serving as the custodian for its stablecoin issuance.

ChainCatcher news, according to CoinDesk, stablecoin issuer Circle has intervened in the case where the U.S. Securities and Exchange Commission (SEC) has charged Binance, arguing that financial trading laws should not apply to stablecoins that are pegged to the value of other assets.Circle believes that assets like BUSD and USDC, which are pegged to the U.S. dollar, cannot be classified as securities, partly because their users do not expect to make any profit from their purchases. Circle stated in the filing that the payment stablecoins themselves do not possess the fundamental characteristics of an investment contract, which means they fall outside the SEC's jurisdiction.

ChainCatcher news, Web3 payment infrastructure and stablecoin-as-a-service provider Stably announced the launch of the Stably USD stablecoin on the Bitcoin network, symbol #USD. This is a BRC20 standard stablecoin created based on the Bitcoin Ordinals protocol, with each #USD backed 1:1 by US dollars in a collateral account managed by a U.S. regulated custodian, to serve the interests of token holders who have undergone KYC/AML verification. Monthly reports of the account are conducted by a third-party stablecoin auditor to ensure that #USD tokens are always fully backed by US dollars.It is reported that #USD can currently be issued/redeemed by KYC-verified users from over 200 countries/regions (including up to 44 U.S. states) through Fedwire, SWIFT, USDC, and USDT. Stably stated that it has adopted a manual issuance/redeeming process for the initial launch of #USD, but plans to support automated issuance/redeeming through the company's plug-and-play fiat gateway tool, Stably Ramp, in the third quarter of 2023. At that time, #USD users will be able to use more traditional payment methods, including ACH, instant ACH, credit/debit cards, and bank wire transfers. (Source link)