Asian governments are navigating the delicate balance between financial innovation and monetary control as stablecoin frameworks take shape across the region. Japan’s banking giants are launching institutional pilots while Singapore sets regulatory benchmarks and Hong Kong faces Beijing’s constraints. Three distinct regulatory models are emerging that will define how cryptocurrencies coexist with traditional monetary systems.
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Kaia & LINE Launch Stablecoin Super-App for 200M Users
Kaia and LINE NEXT have unveiled Project Unify, a stablecoin-powered super-app within LINE Messenger targeting nearly 200 million users across Asia. The platform aims to integrate payments, remittances, and DeFi services while navigating ongoing regulatory challenges. Launch is scheduled for beta later this year with support for multiple regional stablecoins.
read moreStraitsX Adds XSGD to XRP Ledger for Asia Payments
StraitsX has expanded its regulated stablecoin, XSGD, to the XRP Ledger (XRPL), enabling faster and transparent payments across Asia. Backed 1:1 by Singapore dollars and held in reserves at DBS and Standard Chartered, XSGD offers a compliant digital currency option for developers and institutions. The integration supports high-volume tokenization and real-time settlements, addressing Asia’s $4 trillion cross-border trade growth. A second phase targeting institutional use, including programmable payouts and merchant tools, is planned for June 2025. XSGD is now live on multiple blockchains, with XRPL boosting cross-chain interoperability for Singapore and regional payment infrastructures.
read moreSygnum Expands Credit with Staked SOL as Collateral
Sygnum has announced that staked Solana (SOL) can now be used as collateral for its Lombard loans denominated in Swiss Franc, Euro, Singapore dollar, and US dollar. This innovative approach allows clients to unlock liquidity from their staked SOL holdings without sacrificing staking rewards, offering dual-income potential. The low-cost nature of these loans, combined with the continued staking benefits, positions Sygnum as a pioneer in digital asset-backed lending solutions.
read moreTony Hawk’s Pro Skater 3 and 4 Remakes Leaked for Multiple Platforms
Tony Hawk’s Pro Skater 3+4 has been leaked on a Singaporean government website, revealing its release on PS4, PS5, Nintendo Switch, Xbox One, and Xbox Series X/S in 2025, with a “G” rating. This leak confirms recent rumors about the remake, following the success of the previous title, which sold over a million copies. Teasers for the game have also surfaced, including a silhouette of a skater in Call of Duty Black Ops 6.
read moreOKX Faces Heavy Fines in US While Expanding in Europe and Asia
OKX’s operator has been fined $505 million for running an unlicensed money transfer business in the US, admitting to facilitating over $5 billion in dubious transactions. Despite these legal challenges, the exchange is expanding in Europe with a MiCA license and strengthening ties in Singapore, aiming to balance global ambitions with regulatory compliance.
read moreRobinhood plans crypto services launch in Singapore by late 2025
Robinhood Markets Inc. plans to launch its crypto services in Singapore by late 2025, following its $200 million acquisition of Bitstamp, which provides essential licenses for the region. This expansion aims to capitalize on Singapore’s growing status as a digital assets hub amid a booming global crypto market.In Q4 2024, Robinhood reported a remarkable 700% increase in crypto trading revenue, reaching $358 million, which significantly contributed to its record profitability and total revenue exceeding $1 billion.
read moreRobinhood to Launch Crypto Services in Singapore via Bitstamp Acquisition
Robinhood is set to launch crypto services in Singapore by late 2025, following its acquisition of Bitstamp for $200 million. The European exchange has received in-principle approval from the Monetary Authority of Singapore, enabling it to offer digital payment token services under local regulations. This move is part of Robinhood’s broader strategy to expand its global crypto presence, with Singapore as its Asian headquarters.
read moreRedotPay and Visa Launch Crypto Credit Card for Seamless Transactions in Singapore
Bitcoin briefly dipped below $95k amid market sentiment shifts, with key events like tariffs news and CPI data on the horizon. In Singapore, RedotPay has partnered with Visa and StraitsX to launch a crypto credit card, enabling seamless transactions for users across millions of merchants. This initiative aims to enhance user experience and promote cryptocurrency adoption in everyday spending.
read moreRipple Secures Money Transmitter Licenses in New York and Texas
Ripple has secured Money Transmitter Licenses in New York and Texas, increasing its total to over 50 in the US and more than 60 globally. The company processed $70 billion in payments volume, doubling last year, and is expanding its US presence with significant hiring and new offices. This growth aligns with rising interest from financial institutions in leveraging crypto for efficient cross-border payments.
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