Visa has signed a second South Korean stablecoin agreement within a week, partnering with Dunamu, the operator of Upbit, to develop stablecoin payment and remittance services, according to a CoinDesk report dated August 28. The deal is framed as evidence that major payment networks are moving beyond stablecoin testing and beginning to ship products around them.
At the same time, promotional coverage is drawing attention to Pepeto (PEPETO), a pre-listing meme coin project that has raised more than $10.9 million in its presale. The project claims to offer a zero-fee exchange, a cross-chain bridge and a contract screener, while staking is advertised at 164% APY. The promotional material states the contract has been audited by SolidProof and that the original Pepe creator leads the team. It also presents speculative scenarios in which a $700 or $770 presale position could become $70,000 or more at a 100x to 300x multiple.
The report also highlights Stable (STABLE), a Layer 1 built for USDT settlement, and Canton (CC), which processed a live repo between Virtu Financial and Tradeweb in under 10 minutes. Stable is described as trading near $0.026 with support at $0.020, while Canton trades around $0.117 with resistance at $0.135.
Separately, Santiment data cited via FXStreet showed large Cardano (ADA) wallets accumulated during the slide that took ADA below $0.22 on August 28. The article notes a 10,166% liquidation imbalance wiped leveraged longs while spot buyers absorbed the move. ADA is cited at $0.1968 with a market cap near $7.2 billion, roughly 93% below its record high. Pax Gold (PAXG) is also noted after reaching fresh highs above $4,600 in August and trading around $4,459.
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