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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.
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. technologies. BNB Chain’s low fees, averaging US$0.001 on opBNB and US$0.03
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 blockchaintechnology.
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.
Home News Crypto Fiserv unveils stablecoin for banks Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Recent US action towards stablecoin regulation has seen banks up their interest in such coins.
Stablecoins have emerged as promising alternatives to fully realizing the potential of cross-border payments. The post Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments appeared first on FF News | 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.
dtcpay , a leading stablecoin payments solution in Singapore, is thrilled to announce a groundbreaking partnership with Metro, one of Singapores most iconic and trusted department stores. This collaboration marks a bold step into the future of retail, empowering Metro customers to shop seamlessly using stablecoins.
This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchaintechnology. Yellow Card, Africa’s largest licensed stablecoin on/off-ramp fintech, will also leverage PYUSD to facilitate transactions.
Fiserv is leveraging Paxos, Circle, and Solana to launch FIUSD , a new stablecoin integrated into its global banking and payments infrastructure. In a move that signals growing mainstream adoption of digital assets, payments giant Fiserv has unveiled plans to launch its own stablecoin, FIUSD.
XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. The company is also a member of the Global Finance and Technology Network (GFTN). The round was led by Jungle Ventures through its First Cheque@Jungle initiative, alongside crypto investment firm Lightshift.
The new Apple Pay integration leverages Mesh’s proprietary SmartFunding technology, which allows users to pay with the crypto of their choice, such as BTC, ETH, or SOL, while merchants settle in the stablecoin of their choice, such as USDC, USDT, PYUSD, and others.
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.
Introducing the AIsa Payment Network AIsa combines the speed of the Lightning Network with the stability of multi-asset stablecoins to deliver an AI-native payment solution. Stable Value: Integration with multi-asset stablecoins ensures secure and stable transactions.
Part 2 focuses on three innovations reshaping global business: How Real-Time Payments Are Improving Liquidity and Cash Flow Management What are stablecoins, which businesses are using them, and will they go mainstream? How BlockchainTechnology Is Streamlining Treasury Management.
Location Joburg Followers 5 Opinions 23 Follow Unfollow For years, stablecoins existed in a regulatory grey zone – popular as “digital cash” but lacking official oversight. policymakers have sketched out the first federal framework for payment stablecoins. This means the “stable” in stablecoin is now legally enforceable.
Home News Crypto PayPal to bring stablecoin to Stellar Network Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. PayPal says that PYUSD on Stellar can be used for fast, affordable real-world payments, remittances, commerce, and micro-financing.
Stablecoins are valued one to one to their parent. Up to now US stablecoins are regulated by individual states, for example New York applies its existing virtual currency regulations to stablecoins rather than treating them as a separate asset class. Stablecoins Act” or “GENIUS Act.” Final regulations expected in 2026.
Community Your feed Latest expert opinions Groups Join the Community 23,368 Expert opinions 42,409 Total members 322 New members (last 30 days) 190 New opinions (last 30 days) 29,102 Total comments Join Sign in Pay with TRIO: The E-Commerce Breakthrough with Stablecoins. Stablecoins vs. Fiat for E-commerce. Stablecoins Pros.
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.
Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate. The acquisition aligns with Chainalysis’ mission to build trust in blockchain ecosystems by integrating Hexagate’s machine learning-based threat detection and prevention technology, benefiting chains, protocols, and exchanges.
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. With the stablecoin market currently valued at approximately US$150 billion and expected to soar to over US$2.8 said Brad Garlinghouse, CEO of Ripple.
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.
This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.
the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). EURI is the first e-money token launched by Banking Circle and the first MiCA regulated stablecoin that is issued and backed by a bank in the EU. Banking Circle S.A.,
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. Operating on Ethereum and other blockchain networks, XSGD boasts a market cap exceeding $18 million. Traditionally, U.S.
Berry Investing, Argentina By leveraging blockchaintechnology, stablecoins and tokenised real-world assets (RWAs), Berry aims to improve accessibility, inclusivity, and innovation in the retail investing world. Fact Finance, Brazil Fact Finance bridges real-world data to the blockchain.
Stablecoins have been rising in conversation within the financial ecosystem of Singapore. As the name implies, stablecoins are digital assets designed to maintain a stable value relative to a reference asset, such as the US Dollar or gold.
Through this collaboration, Paycode and Algorand will explore integrating public blockchaintechnology to strengthen digital identity systems, improve transparency, and unlock new models for delivering secure, inclusive payments at scale. “Paycode is already reaching some of the most difficult places to serve. .”
Paxos, a regulated blockchain and digital asset solutions provider, now supports Chainlink’s PayPal USD (PYUSD) price feed on the Ethereum mainnet. This collaboration aims to streamline the adoption of PYUSD, a USD-backed stablecoin issued by Paxos under PayPal’s banner.
Global technology and innovation partner Zühlke took part in the Singapore Fintech Festival (SFF) 2024, demonstrating its commitment to driving impactful change in the financial technology landscape. ” said Stefan Grasmann, Chief of Blockchain at Zühlke.
” New technologies gathering pace The research also reveals that adoption of technologies like open banking (54%) and digital currencies (49%) is gathering pace in the sector, with a growing number of firms also now using and AI analytics (34%), blockchain (32%), embedded finance (26%) and stablecoins (20%).
Ant International is a leading global digital payment, digitisation, and financial technology provider. Tencent is a multinational technology leader that develops a wide range of digital products and services, including Weixin/WeChat, China’s super app. .”
Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, has announces the launch of an innovative blockchain-based payment solution for merchants across Latin America (LATAM). The post Nuvei Launches Comprehensive Blockchain Payment Solution appeared first on FF News | Fintech Finance.
Most of these centre on how firms handle digital assets, particularly stablecoins, as well as the operational and legal adjustment needed to navigate the changing landscape. Stablecoins, as a subset of digital assets, have been a focal point of both the Bill and the FCAs regulatory discussions.
Ripple, a provider of enterprise blockchain and crypto solutions, has finalised its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian, after securing necessary regulatory approvals. Following this acquisition, Ripple has announced plans to launch a USD-backed stablecoin.
PayPal’s stablecoin, PayPal USD (PYUSD), was officially added to the Solana Blockchain last week. This shift comes after the California-based company launched on Ethereum blockchain last summer. Now, PayPal stablecoin users can send PYUSD on Ethereum or Solana when transferring out to external wallets.
Blockchain has the potential to disrupt nearly every industry. Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. What are stablecoins?
The Singapore-based fintech announced this week that it is planning to expand its crypto offerings in 2025 to include both a stablecoin and an exchange-traded fund (ETF) product. “Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale,” Pair said.
Rain , a global card issuing platform built for stablecoins, is helping usher in a new era of onchain finance through its work with Visa. Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain is programmatically leveraging stablecoins enabling network settlement 7 days a week, 365 days a year.
Through this partnership, OpenPayd will leverage Circle Wallets’ infrastructure to deliver a unified fiat and stablecoin infrastructure layer for global businesses. This means its enterprise clients will be able to move and manage money globally across traditional banking rails and blockchain-based networks.
Cryptocurrency is a digital currency form that uses cryptographic technology to secure transactions and control the creation of new units. Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchaintechnology. What is Cryptocurrency? What are Cryptocurrency Exchanges?
PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. PEXX said that the goal is to provide users with updated information on blockchaintechnology, cryptocurrencies, and regulatory developments, enhancing their decision-making process.
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