Recent major developments in the crypto market over the past week more or less indicate that the integration between traditional finance and Web3 is becoming increasingly close.

Starting with Korea, KB Kookmin Bank—one of Asia's top financial institutions—is actually preparing a patent for a stablecoin credit card. What does this mean? Fiat on/off ramps are no longer a pain point; users can directly interact with crypto assets through payment cards. This approach of entering Web3 via payment cards is a first in traditional banking circles, and it’s likely to elevate the convenience level in the Asian market to a new stage.

There are also developments in Europe. Ripple has received preliminary approval for a Luxembourg EMI (Electronic Money Institution) license, and currently XRP is maintaining a high level around $2.10. The market seems quite optimistic about its expansion into European payments. From regional payments to cross-border clearing, Ripple’s licensing progress is indeed pushing forward.

Looking at the US, Franklin Templeton announced that its money market fund is ready to align with the new GENIUS Act blockchain legislation. This means the on-chain channels for RWA (Real-World Assets) are further opening up, expanding the possibilities for traditional asset securitization and on-chain circulation.

From payment cards and regulatory licenses to asset onboarding, the direction of institutional deployment is quite clear—Web3 infrastructure is being completed, fiat channels are being optimized, and the gates of traditional finance are truly opening.