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BDACS brings KRW stablecoin KRW1 to Polygon

KRW1, a KRW-backed stablecoin from BDACS, has launched on Polygon with real-time bank-linked proof-of-reserves, targeting payments, remittances, and institutional use. Summary BDACS deploys fully collateralized KRW1 on Polygon, using real-time proof-of-reserves via Woori Bank’s API.​ Polygon’s low fees and enterprise integrations position KRW1 for payments, remittances, and on-chain corporate flows.​ Analysts say the launch boosts…

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IMF warns dollar stablecoins risk eroding monetary sovereignty

The IMF says large dollar stablecoins can accelerate currency substitution, weaken monetary control in fragile economies, and require strict, globally coordinated regulation and reserves. Summary The IMF notes stablecoins top $300 billion, mostly dollar-pegged, and can leapfrog local banks and payment rails via smartphones and unhosted wallets.​ Widespread dollar stablecoin use could shift savings and…

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Connecticut hits Kalshi, Robinhood, Crypto.com over sports event contracts

Connecticut orders Kalshi, Robinhood, and Crypto.com to halt sports event contracts, classifying them as illegal online gambling despite firms’ claims of CFTC oversight. Summary Connecticut’s consumer protection regulator issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com over sports-linked event contracts.​ The state classifies the products as unlicensed online gambling, citing under-21 access, integrity gaps, and…

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Bitcoin could hit $180K by end of 2026

Brad Garlinghouse says Bitcoin could reach $180,000 by end-2026, citing U.S. regulatory clarity, institutional capital from giants like BlackRock, and real-world crypto adoption. Summary Garlinghouse links a potential $180,000 Bitcoin to U.S. regulatory reform over the next 12–18 months, which he says will unlock sidelined institutional capital.​ He cites BlackRock, Vanguard, and Fidelity entering Bitcoin…

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