Asia’s Banks Look to Stablecoins (USDC, USDT) to Prevent Deposit Flight

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While Stablecoins (USDT, USDC) Last month dominated the American subtitles in the middle of the law on genius and circle (CRCL) Blockbuster IPO, Asia’s quieter but strategic acceptance, transforms cross -border finances in the region.

Asian banks are increasingly seeing stablecoins such as USDT and USDC, as defensive tools against deposit flight and lost transaction revenues. Stablecoins already play an important role in the financial installation of the region.

Asia Head of Fireblocks Amy Zhang said in a recent interview with Coindesk that the main banks in Korea, Japan and Hong Kong actively explore the stablecoins of the local currency to alleviate these threats.

“If I am not one of the banking circles of banking or bank harnesses, will I lose deposits?” Zhang said Coindeska. “This is a huge risk for banks.”

In Korea, eight main banks, including KB KOOKMIN and Shinhan, It forms a consortium for the launch of the Korean Stablecoin won by 2026Direct response to sharp use of local USDT and USDC for cross -border transactions.

Japanese giants MUFG, SMBC and Mizuho are piloting stabnecoins Pegged Yen to streamline trade financing and reduce dependence on traditional cross -border tracks. Hong Kong Bank of East Asia has recently piloted its own network for USD and HKD Stablecoin.

Payment Services Providers (PSPS) They aggressively support the adoption of stablecoins and move from costly traditional banking channels.

“A year ago, PSP asked if they should do stablecoins,” Zhang said. “Now they say,” I move a billion clients’ streams; I need a better wallet. “”

Last year, Fireblocks, which processed over $ 3 trillion last year, states that Stablecoins now represents approximately half of its volume of transactions.

Zhang quoted increasing use among Asian giants of electronic trading.

Recent media messageS says Chinese JD.com plans to dramatically reduce supplier payments using stablecoins, an example of what Zhang mentioned.

PSP like Tazapay Hong Kong Using USDC Circle, cross -border payments effectively route USD and HKD to help with immediate payments for content creators and players on the emerging markets in Asia.

Driving Panel from Analytics Visa It shows that weekends have 30% higher volumes of stablecoins, underline their role in retail and concert.

Tether’s USDT dominates the Stablecoins’ flows on the emerging Asian markets, powered by its liquidity and easy access Zhang, and the USDC gains traction in highly regulated financial centers such as Singapore and Hong Kong.

Since financial institutions in the region are accepted by Stablecoins defensively and corporate users who operate them, Asian silent transformations into cross -border financial infrastructure could become another headline in the evolving history of Stablecoin.

The question is, what will be the next IPO that would make it?

Bakkt gets $ 1 billion to buy BTC

BAKKT HOLDINGS (NYSE: BKKT) is preparing to connect to the growing ranks of public companies assigning capital to bitcoins, According to the submission at the Securities and Exchange Commission (Sec) on Thursday.

SEC shows that BakKT is trying to get $ 1 billion through a combination of securities, ordinary shares, preferred shares, debts, orders and units to purchase BTC.

This step comes when the BTC Treasury Corporate Strategy gains globally dynamics. Society as Metaplanet in Japan, Bridge Biotherapeutics in Koreaand Semler Scientific in the US They made subtitles by adding BTC to their balance sheet.

Registration It follows the wave of negative news: Bakkt recently lost two of his biggest clients, Bank of America and Webull, responsible for a significant piece of his loyalty and crypto income.

In February last yearThe company warned that it may not be able to continue operation. A few months later, Trump Media is reportedly said to be dealing with acquisitionBut since then nothing has happened.

Bakkt is also said to explore the potential sale or division of its loyalty division because it focuses on crypto payments and business infrastructure.

Market movements

• BTC: Bitcoin held a stable over $ 107,000 on Thursday before the main options of $ 40 million on debit, with a maximum pain price of $ 102,000 and without clear directional bias from traders, while the main scientific scientific takeover increased 33% upon receipt.
• ETH: Ethereum is traded for $ 2,420 because it tests the main resistance between $ 2,500 – $ 2,600, with analysts saying that escape can prepare a way to $ 2,800 or even $ 4,000 in the middle of falling reserves and recording user activity.
• Gold: Gold slipped to $ 3,331 on Thursday, despite the weaker dollar and declining revenues of the treasury, as strong US demands without work in the US and durable goods compensate for recessive GDP revisions and have added uncertainty about the future Fed leadership.
• Nikkei 225: The Asian-Tichoral markets are ready for the rise on Friday and watch Wall Street’s profits after the White House has reduced concerns about the upcoming tariffs.
• S&P 500: The S&P 500 increased by 0.8% on Thursday, approaching a record maximum of $ 9.8 trillion since April minimum, limiting 23% of the rally powered by tariffs and renewed market optimism.

Elsewhere in the crypto

• Hong Kong lags behind the focus of crypto charge in growing global competition (SCMP)
• The real -world assembly market has grown nearly five times in 3 years (Coindesk)
• What will be for tokenization? (Coindesk)