Remove Authorization Remove Digital Currency Remove Stablecoins
article thumbnail

Going on a Joint Venture: SCBHK, Animoca Brands and HKT Go on a Stablecoin Journey in Hong Kong

The Fintech Times

Stablecoins have a huge impact on the financial market as we know it, but more can still be done. Looking to take stablecoin usage to the next level in Hong Kong, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands , and HKT have announced a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin.

article thumbnail

Fipto Secures Second Stablecoin Regulatory Licence in France to Improve Payments Cycle

The Fintech Times

Looking to bridge the world of fiat and digital currencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain.

Insiders

Sign Up for our Newsletter

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

Trending Sources

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

Key considerations for the adoption of digital currencies

Finextra

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. The popularity of stablecoins is also reaching new heights. The transfer volume of stablecoins hit highs of $717.1 stablecoins).

article thumbnail

When do crypto firms need additional EU licences for stablecoin transfers? EBA issues guidance on the interplay between PSD2 and MiCA

The Payments Association

1 The Opinion provides supervisory guidance to EU national competent authorities (NCAs) on the application of PSD2 to CASPs and recommendations for longer-term legislative alignment under the upcoming third EU Payment Services Directive (PSD3) and the accompanying EU Payment Services Regulation (PSR).

article thumbnail

Trojan Stablecoin: What Circle’s NYSE Listing Really Signals

Finextra

A stablecoin issuer, once niche and volatile by association, had now joined the ranks of America’s oldest financial institutions. But beneath the bell-ringing and ticker symbols lies a deeper story - one that challenges our assumptions about what crypto is becoming, and who will ultimately control the future of digital finance.

article thumbnail

StraitsX Teams Up With Ripple to Launch XSGD Stablecoin on XRP Ledger

Fintech News

StraitsX has launched its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), marking a new phase in its collaboration with Ripple to support real-time digital payments across Asia. Its a marker of where financial infrastructure is heading. said Liu Tianwei, Co-Founder and Deputy CEO at StraitsX.