Fasset wins Malaysia license for stablecoin-powered ‘Islamic digital bank’

Amboss and Voltage have announced a partnership aimed at enhancing yield generation for Bitcoin and stablecoin payments. This collaboration integrates Voltage's Lightning Payments API with Amboss Rails, allowing businesses to accept these payment types and earn yield on self-custodied Bitcoin. The use of Taproot Assets facilitates in-flight exchanges, while the partnership also automates liquidity management for treasuries.

Singapore has finalized its stablecoin framework, marking a significant step in the development of tokenized finance. The Monetary Authority of Singapore (MAS) has launched tokenized-bill trials aimed at enhancing institutional momentum and facilitating cross-border transactions. This initiative is expected to drive the next wave of financial flows by establishing standards for stablecoins and advancing frameworks designed to scale cross-border activity. The developments reflect Singapore's commitment to becoming a leading hub for digital finance and innovation.

The stablecoin sector experienced a second consecutive weekly decline, with $1.244 billion exiting the market. This follows a previous week's pullback of $1.925 billion, indicating a trend of capital moving away from the cryptocurrency space. The percentage of the recent dip is noted at 0.41%. Such fluctuations in the stablecoin pool often signal a cautious approach from investors, suggesting a potential exit from the crypto arena.

BNY, one of the oldest banks in the U.S., has unveiled a new stablecoin reserves fund aimed at enhancing institutional adoption of cryptocurrencies. This initiative is part of BNY's strategy to tap into the growing $1.5 trillion market for digital assets, signaling a significant move towards integrating cryptocurrencies into mainstream finance.

The Czech National Bank, the central bank of the Czech Republic, has launched a pilot program for a digital asset portfolio valued at $1 million. This initiative will include investments in Bitcoin, a stablecoin, and a tokenized asset, marking a significant step in the country's approach to cryptocurrency.