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Fast settlement: Typical wire transfers take 3–5 days; stablecoins settle in minutes or less. FX Stability Pegged to USD, stablecoins offer protection from currency depreciation (e.g., Key Facts & Statistics Transaction volume : In 2024, stablecoin volume hit $27.6 in Sri Lanka or Myanmar). in Feb 2024 to $4.1T
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. RLUSD, launched in December 2024, is designed primarily for business applications rather than retail use.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Mastercard, Visa play down stablecoin threat The giant card networks are sifting through the opportunities and threats that stablecoins present for their businesses.
As a result, the USD-denominated stablecoin is now being integrated into Ripple ‘s flagship payments solution, Ripple Payments, as the digital asset infrastructure provider looks to drive RLUSD’s utility and demand. Access liquidity for remittance and treasury operations.
BVNK , a stablecoin payment infrastructure provider, is joining forces with First Digital , the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.
Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure. With only around one in eight Britons using crypto, widespread adoption is uncertain. Product design must align with the risk profile and customer expectations of each usecase.
Please select at least one newsletter. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. By Lynne Marek • Aug.
It offers practical, high-level analysis of what’s live, what’s coming into force, and what’s under active consultation, covering fraud liability, stablecoin oversight, instant payments, digital operational resilience, and future developments such as the digital pound and digital euro. Firms should act swiftly to meet the new standards.
MTCM acts as the structurer, administrator, and calculation agent, while Tokeny facilitates digital onboarding, identity verification, and cap table management. Under the white-label agreement, Tokeny’s T-REX tokenization engine has been embedded within MTCM’s issuance infrastructure.
Those that get it right turn compliance into a competitive advantage (“we onboard you fast and keep you safe”), whereas those that lag may see regulators cap their growth or erode customer confidence. Their challenge is more about making compliance seamless and scalable so it doesn’t undermine their agile business model.
Following Cap One’s completion of its acquisition of Discover in May, that conversion for card holders is happening now, but it will be a gradual process, said Mastercard Chief Financial Officer Sachin Mehra.
Justin Sullivan via Getty Images Dive Brief: Transferring money via stablecoins is a viable substitute for traditional payment rails, American Express CEO Steve Squeri told investors Friday during an earnings call. No,” Squeri said of stablecoins. ACH is largely used in the U.S., Will they replace the existing payment rails?
In this comprehensive look, well explore the proliferation of tokenised stocks, their usecases and benefits, and clear up some common misconceptions. In many ways, this setup is akin to stablecoins (where a company holds USD in a bank and issues tokens like USDC or USDT). So, Why Bother? of that share for $30.
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
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with both crypto and traditional finance. We’re seeing the market cap continue to grow, outpacing our internal projections.
The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.
Along with this announcement, Juno is launching MXNB token on Arbitrum, a stablecoin pegged to the value of the Mexican peso, which is fully fiat-backed on a one-to-one basis against reserves.
Stablecoins help bridge the gap between fiat currency and crypto. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments.
Axelar network’s integration with the XRPL aims to help bolster the XRPL DeFi ecosystem by providing essential liquidity for stablecoins and large-cap assets. The Axelar Foundation will broaden blockchain adoption by facilitating RWA.
However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different usecases are emerging and being rapidly adopted. We’ve seen more and more usecases across many different fields, for example, finance, social media and games.
Issued through Circle’s regulated entities, USDC is the largest regulated dollar-backed stablecoin in the industry with over a $35 billion market cap, as of September 17, 2024. The presence of multiple native stablecoins on Sui fuels a diverse, secure, and scalable platform for building the future of intelligent assets.
The Payments Association remains supportive of continuing to work closely with the Bank of England, the FCA and HM Treasury to ensure the UK can quickly adopt a Class A regulatory framework for stablecoins that can become a global point of reference for any jurisdiction that wants to operate in this domain.
Users can fund the card through Singapore dollar transfers or, for those already active in digital finance, by converting stablecoins such as USDT and USDC. Users can also make cash withdrawals at ATMs overseas, with fees capped at S$5 or 1%, whichever is lower. There are no annual fees.
In Asia, stablecoins are gaining significant attention, prompting governments to step in with efforts to regulate the sector. The report, released in April 2025, explores Asias rapidly evolving stablecoin landscape, noting that different countries are taking varied approaches to stablecoin integration.
Major usecases include liquid staking and money lending, primarily supporting crypto investments. Understanding usecases: From stablecoins to tokenisation While De-Fi discussions often focus on theoretical concepts, several tangible usecases illustrate its practical applications in the payments industry.
Tether (USDT) Tether is a stablecoin pegged to the US Dollar. As of 2025, USDT remains the largest stablecoin with an impressive market cap of $80 billion. Price Stability: Tether maintains a 1:1 ratio with the US Dollar, which means it is designed to be priced at 1 USD. Why Accept USDT Payments?
Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. Following the UKs departure from the EU, the caps that previously limited these fees no longer apply. What’s next?
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