The companies will assess safeguards for travelers and whether stablecoins can speed up trade settlement between South Korea and Japan.
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The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.
The remittance company said the service will move funds in more than 60 currencies across over 200 countries, with recipients collecting a Solana stablecoin issued by Anchorage Digital Bank.
The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending.
The tokenization platform behind funds from BlackRock, Apollo and KKR said it will source the dollars that settle those trades from a federally chartered bank instead of intermediaries.
The national bank regulator's rule keeps a two-business-day redemption window, replaces an automatic seven-day extension with one issuers must request and sets a $5 million capital floor...
