Remove Audit Remove Cross-Border Remove Stablecoins
article thumbnail

Aryze and Bloxcross partner to deliver instant access between fiat and stablecoins

The Payments Association

The payments landscape is evolving, but the way we move money across borders has struggled to keep pace. Our new partnership with Bloxcross makes this possible, unlocking instant, compliant access between fiat currencies and fully backed stablecoins. This is not just faster payments.

article thumbnail

Ripple launches USD-denominated stablecoin with global partners and enhanced compliance

The Payments Association

RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with crypto and the existing financial system. RLUSD is ideal for financial use cases and allows institutions to: Facilitate instant settlement of cross-border payments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cut the Fat: The Real Cost of Cross-Border Payments

Finextra

How to Audit Your Current Setup You don’t need to be a financial analyst to spot inflated costs. Whether youre paying overseas vendors or remote employees, understanding the true cost of sending international payments is vital to protecting your margins. Not all transfers are equal. That’s money gone forever, not reinvested in your business.

article thumbnail

Ripple selects BNY to custody Ripple USD reserves

The Payments Association

Ripple USD is a trusted, enterprise-grade stablecoin, built with regulatory compliance, utility, and transparency at its core. RLUSD is one of the few global stablecoins issued under a New York Department of Financial Services (NYDFS) Trust Company Charter. BNY will serve as the primary reserve custodian of RLUSD.

article thumbnail

Stablecoins Are Having a Moment. But What Are They Really?

Fintech News

But ask most people (even some in finance) what a stablecoin actually is, and the answers get a little fuzzy. With regulation finally catching up and central banks taking a closer look, stablecoins are stepping into the spotlight. So, What Is a Stablecoin? A stablecoin is a type of digital token. Is it safe?

article thumbnail

Proof Over Promises: Building a Stablecoin the UK Can Trust

The Fintech Times

For years, I watched stablecoins hover at the edges of the UK’s financial system – too unstable to serve as payments, too misunderstood to be seen as legitimate money and too often dismissed as crypto’s lesser-known cousin. Beyond ambition Credible stablecoin offerings aren’t just defined by tokenomics or market traction.

article thumbnail

Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.