Ethereum is increasingly powering tokenized money, faster settlement and regulated onchain infrastructure — even as institutions avoid naming it outright. Wall Street’s adoption of Ethereum is closely tied to its ability to automate settlement through smart contracts, reducing reliance on slow, manual reconciliation processes. Stablecoins and tokenized dollars now serve as a primary entry point for banks, allowing regulated US dollar transfers to move continuously on Ethereum-based rails. Financial institutions often avoid naming Ethereum directly, instead describing it as neutral blockchain infrastructure that supports compliant financial systems. Read more
South Korean payments giant BC Card has completed a pilot allowing foreign users to pay local merchants via stablecoins. South Korean payments processor BC Card has completed a pilot project that enabled foreign users to pay local merchants using stablecoins. BC Card’s pilot project was announced Tuesday and was conducted with blockchain company Wavebridge, wallet provider Aaron group and cross-border remittance provider Global Money Express. The companies had foreign users convert their stablecoins held in overseas wallets, which were partnered with BC Card, into digital prepaid cards. The company said this pilot was not a short-term project, but part of preparations to implement a stablecoin payment structure. The change is a response to the evolution of South Korean stablecoin regulations, it said. Read more