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According to market news, RAKBank is preparing to join the UAE stablecoin ecosystem after receiving in-principle approval from the Central Bank of the UAE (CBUAE) to issue UAE Dirham-pegged payment tokens.The bank stated in a press release on Wednesday that the upcoming stablecoin will be fully backed 1:1 by Dirhams held in a separate regulated account and managed by audited smart contracts, with real-time proof of reserves. The launch of this stablecoin marks a new phase in RAKBank's digital asset strategy, following the bank's actions in 2025 to allow retail customers to trade cryptocurrencies through regulated brokerage partners.

ChainCatcher news, one of the largest banks in the UAE, RAKBANK, has launched cryptocurrency trading services through its application, with BNB being one of the first 8 cryptocurrencies available to customers.

ChainCatcher news, according to MoneyToday, South Korean internet bank KBank has established a "Digital Asset TF" task force to develop the Korean won stablecoin business.The group has launched a digital asset brand "K-STABLE" and applied for 12 trademarks, including "KSTA." KBank plans to promote a full-process stablecoin service from issuance to payment and has participated in the Japan-Korea cross-border remittance pilot project PaxProject.

ChainCatcher news, the RWAFi platform BrickBank has officially announced its rebranding to R2 Protocol. It is reported that R2 aims to create a new generation of stablecoin yield protocols, integrating RWA (real-world assets), TradFi (traditional finance), and DeFi (decentralized finance) to achieve efficient linkage and comprehensive empowerment of on-chain and off-chain funds.The core product of the R2 protocol is its upcoming yield-bearing stablecoin R2USD. This stablecoin will serve as the value hub within the system, combining stability and yield, and will engage in deep cooperation with compliant traditional financial institutions, aiming to provide users with a new on-chain asset yield experience of "stability + appreciation."According to official sources, R2 will officially launch its testnet in early April, at which time users can deeply experience the core functions of the protocol and have the opportunity to receive early participation rewards.

ChainCatcher news, according to Cointelegraph, a state-owned bank in the United Arab Emirates (UAE), RAKBANK, has partnered with cryptocurrency infrastructure provider Bitpanda Technology Solutions to create a digital asset management platform for UAE residents.RAKBANK Group's Chief Customer Officer Dongjun Choi stated, "We believe that digital assets are one of the ways for future customers to manage their finances more effectively and securely." Although the partnership has been announced, the team also clarified that the platform still requires approval from the Central Bank of the United Arab Emirates.Choi also mentioned that this collaboration aims to "fill a market gap." The executive believes there is a need for a regulated banking platform to handle digital assets, and their goal is to provide customers with a broader range of digital asset opportunities. Through this partnership, the bank will not need to develop internal digital asset infrastructure.

ChainCatcher news, the encrypted banking platform blockbank announced that its token BBANK will undergo a token swap on December 18, with the original token BBANK being swapped for the new token FI at a ratio of 1:10, and the total token supply will be updated to 4 billion. FI will be deployed on Ethereum and BNB Chain.

ChainCatcher news, according to Tech in Asia, Thailand's commercial bank Kasikorn Bank (KBank) has launched a $100 million fund called KXVC through its innovation department Kasikorn X (KX), which will invest in AI and Web3 solutions focused on financial services. KXVC will also provide founders with opportunities to access KBank's corporate resources, as well as networks of SMEs and consumers.It is reported that before the launch of KXVC, KX had already collaborated with startups and funds such as Magic Link, Transak, HashKey Capital, Symbolic Capital, and Aifund.ai. KX previously participated in the $5 million seed round financing of the DeFi derivatives trading protocol Forward.

ChainCatcher news, the one-stop crypto application BlockBank, which integrates features from CeFi, DeFi, and traditional banking, tweeted that it has received seven-figure long-term financial support from DWF Labs, with the specific amount undisclosed. (Source link)