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UDPN is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins, tokenized deposits, and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.
The agreement brings together OpenPayd’s API-based payment and banking services with Circle’s infrastructure for USDC, a dollar-denominated stablecoin issued by regulated affiliates of Circle. They indicated that the collaboration aims to further expand the use of stablecoins like USDC in practical financial applications.
Stablecoins are digital assets designed to maintain a fixed value, often pegged to the USD. Stablecoins are digital assets designed to maintain a fixed value, often pegged to the USD. The bill seeks to establish a regulatory framework that would allow private companies to issue stablecoins.
The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. A new system has now been issued in the UAE which will license and oversee stablecoins, following approval by the board of directors at the CBUAE.
The reported move comes as a number of major companies, both within and outside the financial sector, consider entering the stablecoin space in the context of evolving regulatory conditions. Companies such as Circle and Tether currently dominate the USD 251 billion stablecoin market, but that landscape could shift.
Bitget Wallet’s move aligns with a broader push to implement crypto payments into national payment infrastructure across global markets, allowing direct payments from the self-custodial wallet with decreased fees and mitigating the need for fiat conversion.
In addition, the regulator will have jurisdiction over stablecoin issuance, digital banking operations, and cross-border payment solutions. The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about latest developments in the industry.
Additionally, Revolut comments on the regulatory disparity between the UK and Europe in account of Brexit, especially when it comes to stablecoins, crypto, and fraud regulation. The company representatives note that Revolut is getting closer to becoming a fully licenced bank in its home market.
They streamline and simplify international transactions by consolidating multiple layers of connections, contracts, KYC processes, and infrastructure into a unified interface, offering businesses efficient access to top globalpayments providers in a ‘plug and play’ fashion.” Deutsche Bundesbank Trigger Solution).
We have done a lot of work with blockchain technology, particularly stablecoin. We have been working with governments on what is called central bank digital currency, or CBDC. So, we have prototyped things like “how do you settle in a stablecoin versus a traditional fiat currency”. And that is what it is going to look like.
As part of these efforts, Mastercard will join Paxos’ Global Dollar Network and has signalled its intent to integrate PayPal’s PYUSD and Fiserv’s proposed FIUSD stablecoin. The card network already supports Circle’s USDC, currently the second largest stablecoin by market capitalisation.
Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. The payments landscape is entering a defining phase of regulatory transformation. What’s next?
The Feds crypto pivot: Unlocking banking access and its impact on payments 18 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. Why is it important?
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