Remove Blockchain Remove Digital Currency Remove Stablecoins
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XWeave Secures US$3 Million Funding for Stablecoin Cross-Border Payments

Fintech News

XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., and several angel investors. said Milind Sanghavi, Founder and CEO of XWeave.

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

The Payments Association

Ripple, the leading provider of digital asset infrastructure for financial institutions, announced that Ripple USD (RLUSD) will be available on global exchanges starting December 17, 2024. RLUSD is available on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for various financial use cases.

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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain

The Fintech Times

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain.

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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.

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Ozean Teams up With First Digital to Provide Stablecoin Solutions to Projects Tokenising RWAs

The Fintech Times

Ozean , a blockchain for Real-World Assets (RWA) yield launched by Clearpool , is joining forces with First Digital , a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions, as part of WakeMaker, Ozean’s accelerator programme.

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dtcpay and Visa Partner to Enable Global Digital Currency Payments

Fintech News

The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digital currencies like stablecoins into fiat at real-time rates. Public registration for the dtcpay Visa Infinite card is expected in Q4 2024.

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SCB Emerges as First Thai Bank to Adopt Stablecoins for Cross-Border Payments

Fintech News

Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape. The use of stablecoins also streamlines currency conversion processes, facilitating easier transfers between digital and local currencies.