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Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments. The companys latest partnerships with OKX and Nuvei are part of a broader effort to create a seamless system where consumers can spend stablecoins and merchants can receive them.
Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. Brad Garlinghouse Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide.
The Thai Securities and Exchange Commission (SEC) has announced the addition of USD Coin (USDC) and Tether (USDT) stablecoins to its approved list of cryptocurrencies. Featured image credit: Edited from Freepik The post Thai SEC Adds USDC, USDT Stablecoins to Approved Crypto List appeared first on Fintech Singapore.
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. “As the U.S.
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.
Amid a push toward the use of cross-border payments, the financial services industry is holding back on stablecoin payments as it awaits consumer adoption and regulation. Stablecoin is cryptocurrency that aims to keep a stable value relative to a specified asset like government-issued currency or gold.
Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?
Both companies have integrated cryptocurrencies such as Bitcoin, Ether, Singapore’s XSGD stablecoin, and USDT into their payment options, allowing customers to use these assets for everyday transactions like e-wallet top-ups. A key part of this growth is the rise of XSGD, the Singapore dollar-backed stablecoin issued by StraitsX.
The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.
Austin, Texas, April 8th, 2025, FinanceWire Voltage , the premier Lightning Payments Platform, today announced that it has partnered with BitGo , a leading infrastructure provider of digital asset solutions,to enable faster, cheaper, and more efficient Bitcoin transactions.
This first-of-its-kind integration enables businesses to adopt Bitcoin and stablecoins with full compliance, aligning with the SAB 121 repeal and stablecoin expansion on Lightning. At the same time, stablecoins are now live on the Lightning Network.
Instacoin now supports seven stablecoins — including the controversial tether — throughout its bitcoin ATM network. At its two-way machines, users can buy and sell up to nearly C$10,000 ($7,600) worth of tether a day, no ID required.
In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m. “The
Miami, Florida, March 19th, 2025, FinanceWire Next Layer Capital has officially become a member of Bitcoin for Corporations (BFC), an initiative led by BTC Inc to accelerate corporate Bitcoin adoption. This strategic move aligns the firm with a corporate network of teams integrating and advancing Bitcoin initiatives.
A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. This will be the last trading pair for BGBP, the stablecoin linked to the pounds sterling, meaning it will no longer be tradeable. Meanwhile, Binance on Monday (Nov.
Bitcoin continued its price climb today (Nov. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. million of the funds, 89 percent of the total, were paid with the stablecoin tether. The maximum loan is 5 Bitcoin, or $92,000.
But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis. While this can be exciting to witness, it also shows bitcoin’s massively unreliable nature — especially as a currency for goods and services. This is where stablecoins come into play. What are stablecoins? Why use stablecoins?
This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. We look forward to extending our offerings to more properties within the group in the near future.”
Stablecoins are proving to be popular among the unbanked in Mexico. ” With Starknet set to become the first Layer-2 to settle on both Ethereum and Bitcoin, increasing the latters utility as part of its mission to make payments more accessible, its commitment to Chipi Pay aligns with its core vision for DeFi.
This upgrade enables the fastest and lowest-cost Bitcoin transactions while also supporting cheaper, instant Tether transfersaligning with Tethers recent announcement to issue its stablecoin on Lightning, as revealed at the Plan B El Salvador Conference.
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
The five supported digital currencies at this stage include Bitcoin (BTC), Ether (ETH) as well as stablecoins such as StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC).
On another note, professional football player Russell Okung will be the first player from a significant American sports league to get paid via "bitcoin," CoinDesk reported. Half his salary is going to bitcoin and the other half is going to fiat, the athlete told CoinDesk. In other news, GMO Internet Inc.
Stablecoins : Stablecoins like USDC and USDT are increasingly popular in e-commerce due to their reduced volatility, with stablecoin transactions growing 30% year-over-year. However, this growth may face regulatory scrutiny as governments look to protect consumers from potential debt risks.
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It.
Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s A decision on its coins, seen as a competitor of Bitcoin, is expected this year. s proposed Libra, CoinDesk reported.
Shift4 merchants will be able to accept payments in a variety of cryptocurrencies from around the world, including Bitcoin , Ethereum, Solana, US Dollar Coin (USDC) and other major stablecoins. The new feature will be rolled out in stages across the different Shift4 products and business verticals.
New York, New York, April 8th, 2025, FinanceWire Testnet Opens Door to Decentralized Trading, Borrowing, Earning, and Stablecoins on Bitcoins Foundation Bitcoins market cap sits close to $2 trillion, but its potential remains largely untapped, locked behind centralized solutions. Users can learn more at alpenlabs.io
For example, if we consider Bitcoin, the most popular cryptocurrency, it has experienced price swings of over 10% in a single day due to major announcements, exchange hacks, or macroeconomic trends. As of March 2025, our crypto payment processor lets businesses accept stablecoin payments in USDT ERC20 and USDT TRC20.
Having secured the green light from the CNMV, BBVA plans to launch a new crypto service for its customers, which will enable them to buy, sell, and manage Bitcoin and Ether transactions through its existing banking app. BBVA Switzerland launched the Bitcoin custody and trading service to all its private banking clients in June 2021.
In other news, the Binance stablecoin can now be accessed in New York since the state’s financial watchdog gave it the go-ahead, CoinDesk reported. BUSD is a white-label stablecoin from the Paxos Trust Company , which was allowed to issue the coins by the NYDFS in 2018.
Digital currencies and stablecoins Finally, the Forrester report notes that stablecoins, which are digital currencies pegged to traditional assets like the US dollar, are gaining momentum in APAC. As stablecoins grow in popularity, regulatory frameworks are being developed across the region.
That means that trading cryptos like bitcoin and ether only need to follow KYC rules and will not be under FCA scrutiny. The overview states that “stablecoins, fiat-backed coins, generally seem to be classed as eMoney, depending on their structure.
Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.
These include Ethereum for smart contracts, Tether as a stablecoin, and many others that cater to diverse needs in the financial and technological landscape. While B itcoin, introduced in 2009, is the most well-known cryptocurrency, there are thousands of cryptocurrencies with various use cases today. What are Cryptocurrency Exchanges?
Brale , a provider of regulated, fiat-backed stablecoin infrastructure, has partnered with Spark to enable stablecoins to exist natively on the Bitcoin network.
31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.
While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.
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