Remove Caps Remove Central Bank Remove Stablecoins
article thumbnail

Stablecoins in Asia Are Stably Reducing Dependency on USD

Fintech News

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. With a market cap of $4.8

article thumbnail

DECTA Joins Forces With French Fintech to Revive Euro-Pegged Stablecoin

The Fintech Times

Ireland-based electronic money institution (EMI) DECTA is joining forces with France-based fintech Next Generation to launch a new Euro-pegged stablecoin, ‘EURT’ DECTA and Next Generation explained that EURT is fully compliant with MiCA requirements and will operate on the Stellar blockchain, as well as three other platforms.

article thumbnail

5 Top Fintech Trends That Will Shake Up Singapore In 2025

Fintech News

Transforming Payments with CBDCs Singapores proactive exploration of Central Bank Digital Currencies (CBDCs) underscores its commitment to financial innovation and inclusion. Stablecoins Gain Traction in Singapore Stablecoins across Asia are gradually reducing their dependence on the U.S.

article thumbnail

How Stablecoins & ERC-20 Tokens Are an Efficient Mover of Money Across Borders

BitPay

Stablecoins help bridge the gap between fiat currency and crypto. Businesses can quickly move money without crypto’s usual price volatility, while still conducting secure, low-cost financial transactions without centralized intermediaries like governments or banks.

article thumbnail

DFSA Grants Ripple Approval to Provide Crypto Services to UAE Businesses

The Fintech Times

.” Payments utility is also expected to drive greater stablecoin adoption in the UAE, with stablecoins offering real-time settlement compared to traditional banking systems, which often take days to process. Launched at the end of December on global exchanges, Ripples ownhas already surpassed $130million in market cap.

article thumbnail

Today In Payments Around The World: Mynt Looks For Additional Funding; WeTrade Transfer From OTC Could Bring In $121 Million

PYMNTS

billion market cap. payments group, will file its expected IPO with joint coordinators Morgan Stanley and Goldman Sachs, two of the largest American banks. The Chinese online commerce services upstart WeTrade Group is aiming to raise approximately $121 million in its transfer from the OTC board to Nasdaq per an S-1 filed with U.S.

article thumbnail

Cambodia Introduces New Regulations on Cryptoasset Use, Licensing

Fintech News

Group 1 includes tokenised traditional assets, such as bonds and equities, and stablecoins backed by traditional assets with strict stabilisation mechanisms and regulatory oversight. Stablecoins must be redeemable for predefined values, minimise market fluctuations, and comply with central bank supervision.