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Stablecoin rush breaks out; JPM, DBS and Temasek launch Partior | The Daily Forkast

JPMorgan, DBS and Temasek launch Partior to digitize commercial money as stablecoin transaction volume surge in Asia-centric exchanges.

Stablecoins adoption in Asia is outpacing the world as the transaction volumes of dollar-pegged crypto in the region continue their surge. 

JPMorgan, DBS Bank and Singapore’s sovereign wealth fund Temasek extend their Project Ubin partnership to form Partior. The new partnership will remove the pain points of cross-border payments and digitize commercial money through blockchain. Central bank-backed digital currencies will also be tackled in the future. 

As for DBS, Southeast Asia’s largest bank is holding its first quarter earnings call tomorrow. The crypto industry’s eyes are fixed on the performance of its institutional digital assets exchange. 

We’ll have more on that story — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast, April 29.