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News Explorer — Major Asian Banks, Payment Service Providers Are Embracing Stablecoins for Financial Security and Efficiency

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Jun 27, 12:49 am

Coindesk

Major Asian Banks, Payment Service Providers Are Embracing Stablecoins for Financial Security and Efficiency

Stablecoins like USDT and USDC are gaining strategic importance in Asia's financial sector, with major banks in Korea, Japan, and Hong Kong exploring local-currency stablecoins to mitigate risks and streamline cross-border transactions. Payment service providers are increasingly adopting stablecoins to improve efficiency and reduce costs.

Stablecoins like USDT and USDC are gaining strategic importance in Asia's financial sector, with major banks in Korea, Japan, and Hong Kong exploring local-currency stablecoins to mitigate risks and streamline cross-border transactions. Payment service providers are increasingly adopting stablecoins to improve efficiency and reduce costs.

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