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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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Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Fintech News

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.

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dtcpay and BNB Chain Bolster Ecosystem for Real-World Stablecoin Use

Fintech News

Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. Users can swap between stablecoins and fiat currencies and spend fiat directly through the card.

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Visa says every institution that moves money will need a stablecoin strategy

Finextra

Visa is upping it game in the stablecoin market, expanding its settlement capabilities in the Europe, Middle East, and Africa (CEMEA) region to enable USD cross-border transactions through blockchain technology.

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Coinbase Enables USDC Stablecoin Payments for Online Retailers

Fintech News

Coinbase Global has launched a payments platform aimed at making stablecoins a standard option for online transactions, Bloomberg reports. The rollout comes shortly after the US Senate passed stablecoin legislation and targets the multitrillion-dollar e-commerce sector. Shopify is the first to adopt the service.

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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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Ripple Awaits Regulatory Green Light for RLUSD Stablecoin Launch

Fintech News

Ripple, a provider of enterprise blockchain and crypto solutions, clarified that its USD-pegged stablecoin, RLUSD, is not yet launching. The stablecoin, first announced earlier this year, is set to be fully backed by a mix of US dollar deposits, short-term US government securities, and similar cash equivalents.