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Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.

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SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024

Fintech News

Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. Utilising the Base blockchain allows for low-cost transactions. The post SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024 appeared first on Fintech Singapore.

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StraitsX Enables Stablecoin-Based Payments for Tourists at GrabPay Merchants

Fintech News

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.

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KAST Raises US$10M Seed Funding to Build Global Stablecoin Platform

Fintech News

KAST, a fintech platform focused on stablecoins, has raised US$10 million in a seed funding round led by HSG (HongShan Capital Group) and Peak XV Partners. The round also saw participation from angel investors and partners of DST Global and Goodwater Capital. Stablecoins are the clear solution, but the user experience wasnt great.

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Mesta Launches Hybrid Fiat-Stablecoin Payment Rails for Cross-Border Payments

Fintech Finance

Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-border payment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.

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Anchorage Digital to Acquire Stablecoin Issuer Mountain Protocol

Fintech News

Anchorage Digital has entered into a definitive agreement to acquire Mountain Protocol, the Bermuda-based issuer of the USDM stablecoin. The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. The companys USDM stablecoin is fully backed by U.S.

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StraitsX Unveils Refreshed Brand, Plans New Features for Stablecoin Settlement

Fintech News

Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. Its stablecoins, XSGD and XUSD, are among the first to be recognised under MAS forthcoming Single-Currency Stablecoin framework.