Payments Dive

DECEMBER 22, 2022

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

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Stablecoins Fed Digital Currency Central Bank 113

Fintech News

APRIL 10, 2024

The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions.

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Stablecoins Regulations Digital Currency Risk Mitigation 125

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

Payments Source

MARCH 24, 2020

government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. and could dent interchange fees and private stablecoin projects like Facebook’s Libra.

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Stablecoins Digital Currency Central Bank Governance 142

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.

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Payments Trends Financial Crimes Cross-Border Payments 88

Payments Source

JANUARY 28, 2021

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through.

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Stablecoins Digital Currency Central Bank Technology 130

PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. The news comes from Paul Schulte, who was head of financial strategy for China Construction Bank. It will be the first central bank to do so.”.

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Central Bank Cryptocurrency Point-of-Sale (POS) Stablecoins 98

Fintech News

DECEMBER 13, 2024

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. Tether (CNHt) Tether CNHt is a stablecoin that is pegged to the offshore Chinese Yuan (CNY). Traditionally, U.S.

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Stablecoins Cross-Border Cross-Border Payments Caps 109

Fintech News

JUNE 19, 2024

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.

Stablecoins 113

Stablecoins Cross-Border Cross-Border Payments Blockchain 113

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement.

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PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? He pointed to the concept of synthetic central bank digital currencies ( CBDC ).

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Central Bank Digital Currency CBDC Settlement 57

Finextra

MARCH 20, 2025

Europe needs a digital currency to safeguard against threats from new forms of money like stablecoins, and to reduce reliance on US payments firms amid heightened political tensions, warns European Central Bank chief economist Philip Lane.

Stablecoins 108

Stablecoins Digital Currency Central Bank Risk 108

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.

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Cross-Border Reconciliation Compliance Payments 88

CB Insights

FEBRUARY 16, 2021

While this can be exciting to witness, it also shows bitcoin’s massively unreliable nature — especially as a currency for goods and services. This is where stablecoins come into play. Stablecoins are much more fixed than normal cryptocurrencies. without the extreme volatility that comes with most other types of digital coins.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s While some cryptocurrencies, such as security tokens, are regulated by European law, most stablecoins, are not, CoinDesk reported. s proposed Libra, CoinDesk reported.

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Stablecoins Cryptocurrency Central Bank Money Laundering 88

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. That would be a change with profound economic consequences.”.

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Digital Currency Central Bank Stablecoins Money Laundering 95

Fintech News

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. Swift is also addressing the growing fragmentation in the digital asset ecosystem.

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SWIFT Multi-Currency CBDC Interoperability 145

PYMNTS

SEPTEMBER 22, 2020

21), European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies, according to her prepared opening remarks. She framed the need for change as the need to adapt to the new digital world.

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Digital Currency Stablecoins Central Bank Cybersecurity 110

Finextra

APRIL 22, 2024

This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).

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Stablecoins CBDC Digital Currency Central Bank 75

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No Tackling the challenges raised by global stablecoins requires a coordinated global response. EU finance ministers came to an agreement on Thursday (Dec.

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Digital Currency Finance Stablecoins Central Bank 52

PYMNTS

APRIL 24, 2020

The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. The digital currency trial is being held in Xiong’an New Area, a city being built south of Beijing. chains Starbucks, Subway and McDonald’s.

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CBDC Digital Currency Stablecoins Central Bank 83

PYMNTS

JUNE 21, 2019

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks.

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Central Bank Money Laundering Stablecoins Digital Currency 59

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

PYMNTS

DECEMBER 10, 2019

Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. Lagarde has vocalized that she favors central banks releasing electronic money.

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Central Bank Digital Currency Federal Reserve Fed 54

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Understanding Cryptocurrency Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on a decentralized network of computers.

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

DECEMBER 1, 2020

European Central Bank President Christine Lagarde wrote in an editorial that she thinks stablecoins could pose a risk to "financial stability and monetary sovereignty.”. The editorial noted the rise of digital payment methods, which have been especially expedited due to the pandemic.

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Stablecoins Central Bank Digital Currency Issuers 60

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

DECEMBER 26, 2019

The Bank of Russia has been testing stablecoins that are attached to real assets, according to reports. The head of the bank, which is Russia’s central bank, said just because they’re testing the coins doesn’t mean they will eventually turn into a money substitute. “We Meanwhile, on Jan.

Central Bank 52

Central Bank Stablecoins Rules Bitcoin 52

The Payments Association

OCTOBER 25, 2023

Stablecoins and central bank digital currencies (CBDCs) are emerging as vital tools in this transition, offering stability and utility, making it evident that the digital asset market is growing and transforming our financial landscape.

Digital Currency 88

Digital Currency Stablecoins Central Bank Cryptocurrency 88

PYMNTS

DECEMBER 24, 2019

In a separate report , Changchun Mu, who leads the People’s Bank of China’s (PBOC) digital currency research subsidiary, noted that the digital currency of China will not require a currency basket to keep a staple value. The RMB is used to spend, not for speculation.

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Central Bank Digital Currency Stablecoins Bitcoin 53

The Fintech Times

JUNE 19, 2024

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. But what is the significance of its latest decision regarding stablecoins?

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CBDC Stablecoins Regulations Disputes 69

PYMNTS

JUNE 30, 2020

Charles Cascarilla, CEO and co-founder of stablecoin company Paxos, said stablecoins and digital central-bank currencies are “critical” for financial infrastructure. But the rise of Facebook’s Libra cryptocurrency and other stablecoins have shown some concerns over risks to the financial system’s stability.

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Stablecoins Financial Inclusion Online and Mobile Banking Federal Reserve 124

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

OCTOBER 12, 2020

Facebook's proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. 13) during a meeting of finance ministers and central bankers from the U.S.,

Regulations 80

Regulations Digital Currency Stablecoins Money Laundering 80

PYMNTS

DECEMBER 12, 2019

The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Lagarde also said the ECB should be “ahead of the curve” on the issue.

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Digital Currency Money Laundering Central Bank Cryptocurrency 52