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Banks, Visa, and Western Union Drive Stablecoin Surge

Banks, Visa, and Western Union Drive Stablecoin Surge

Author:

Global Cryptocurrency

Published:

2025-10-30 05:29:02

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BTCCSquare news:

Stablecoins are gaining traction as traditional financial institutions accelerate their adoption. The Bank of Korea is advocating for banks to issue won-pegged stablecoins, citing risk mitigation in capital and foreign exchange controls. This follows Japan's recent launch of a regulated yen-backed stablecoin, signaling a broader regional trend.

Visa is expanding its stablecoin infrastructure, enabling faster and more cost-efficient transactions. Meanwhile, Western Union is exploring stablecoin integration for remittances, underscoring the asset class's growing role in cross-border payments. These developments reflect a strategic pivot toward blockchain-based settlement systems among legacy players.

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