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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

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.

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OpenPayd and Circle to offer fiat–stablecoin payment network

The Paypers

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.

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Walmart and Amazon explore Stablecoins for payments

The Paypers

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.

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How the UAE’s Stablecoin Decision Could Impact Local Businesses, Crypto and a Future CBDC

The Fintech Times

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.

CBDC 69
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Revolut reportedly exploring launch of its own stablecoin

The Paypers

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.

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Bitget Wallet rolls out national QR payment support, goes live in Vietnam

The Paypers

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.

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Nauru establishes a crypto asset regulator

The Paypers

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.