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Stablecoin – Cross Border Payment Driver?!

Finextra

Community Your feed Latest expert opinions Groups Join the Community 23,479 Expert opinions 41,848 Total members 350 New members (last 30 days) 190 New opinions (last 30 days) 29,133 Total comments Join Sign in Stablecoin – Cross Border Payment Driver?! To cover modern payments needs this has not helped.

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Stablecoins to streamline Cross Border Payments

Finextra

UK’s regulator FCA working with the Bank of England has published proposals for issuing stablecoins, crypto custody and financial resilience of crypto-asset firms, to provide a safe, competitive sector. Market Size Value of cross-border payments is estimated to reach a minimum $ 250 trillion by 2027.

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Fedwire Migration: The Final ISO 20022 Milestone?

Finextra

Fedwire: The Foundation of US High-Value Payments Around the world, Real-Time Gross Settlement (RTGS) systems such as CHAPS in the UK and TARGET2 in Europe have already completed their ISO 20022 transitions. Many cross-border payment networks, including SWIFT CBPR+, are also actively migrating.

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Unlocking the Future of Global Payments: A Deep Dive into China’s CIPS

Finextra

Modernizing Cross-Border Settlement Before CIPS, RMB cross-border payments relied on clearing banks, correspondent banking, and Non-Resident Account (NRA) models—often resulting in delays and inefficiencies. What are your thoughts on the future of cross-border payments?

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Bridging Traditional and Blockchain Finance: Clear Junction Launches Stablecoin Transfer Service

The Fintech Times

The launch comes as stablecoins emerge as key tools in global finance, offering real-time settlement, reduced costs, and increased accessibility for cross-border payments, especially in hard-to-reach markets that still face challenges with correspondent bank networks and financial inclusion.

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Deep Dive: Wise – Building a World of Money Without Borders

Finextra

Historically, this market was dominated by big banks and legacy remittance providers relying on an antiquated correspondent banking network. Banks and incumbents like Western Union layered on fees and hidden exchange rate markups – profiting from customers’ lack of transparency.

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LHV becomes first UK bank to join RT1 platform directly

Finextra

Home Announcements Payments LHV becomes first UK bank to join RT1 platform directly External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.