MoonPay expands to Korea with partnerships from major banks, while developers highlight stablecoins enabling fast cross-border payments. A crypto observer reflects on technological convergence of AI, blockchain, and programmable money reshaping the global economy.
Multiple financial institutions and platforms are expanding stablecoin infrastructure: State Street launched a tokenized cash fund on Stellar, Korean banks partnered with MoonPay for won-backed stablecoins and cross-border payments, Citi and Coinbase enabled merchant checkout with stablecoin conversion to fiat, and El Salvador introduced a government-backed digital dollar app on Coinbase's Base network.