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Despite this immense potential, cross-border payments in LAC remain hampered by inefficiencies in the traditional SWIFT-based correspondent banking system, marked by multiple intermediaries, settlement delays, and fees exceeding 6% for remittances for some corridors. trillion by 2030.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?
Stablecoins are valued one to one to their parent. Up to now US stablecoins are regulated by individual states, for example New York applies its existing virtual currency regulations to stablecoins rather than treating them as a separate asset class. Stablecoins Act” or “GENIUS Act.” Final regulations expected in 2026.
Community Your feed Latest expert opinions Groups Join the Community 23,479 Expert opinions 41,848 Total members 350 New members (last 30 days) 190 New opinions (last 30 days) 29,133 Total comments Join Sign in Stablecoin – Cross Border Payment Driver?! Stablecoin Advantages UK Stablecoins can reflect the sterling currency 1 to1.
Location Joburg Followers 5 Opinions 23 Follow Unfollow For years, stablecoins existed in a regulatory grey zone – popular as “digital cash” but lacking official oversight. policymakers have sketched out the first federal framework for payment stablecoins. This means the “stable” in stablecoin is now legally enforceable.
Neglecting this may lead to payment failures, processing delays, higher costs, false compliance hits, and increased scrutiny from regulators and correspondent banks. Banks need to adopt either a fully structured or hybrid address format to become compliant. The benefits are far-reaching. It expresses the views and opinions of the author.
Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.
USD payouts are trackable, and a single integration with Thunes’ platform eliminates the need for businesses to build separate correspondent banking networks. It also offers stablecoin USDC funding capabilities, enabling businesses to move funds in real time, around the clock.
Onafriq , the African payments gateway, is joining forces with Circle , a stablecoin-focused company and USDC issuer, to transform cross-border payments and digital financial services across Africa. This results in $5billion in transaction fees annually, undermining economic integration efforts.
This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages."
The enforcement of MiCA provides clear guidelines for the issuance and management of stablecoins, reducing legal uncertainties and fostering confidence among market participants. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings.
Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.
Known for its fiat and crypto correspondent account services for financial institutions, Clear Junctions continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.
Historically, this market was dominated by big banks and legacy remittance providers relying on an antiquated correspondent banking network. By Wise’s own 2025 estimate, the number may be as high as £32 trillion annually. 26 June Now Hiring All companies Welcome to Finextra. 26 June Now Hiring All companies Welcome to Finextra.
The popularity of stablecoins is also reaching new heights. The transfer volume of stablecoins hit highs of $717.1 tokenised deposits and stablecoins) or non-banks (aka. stablecoins). billion in April. But digital currencies do not stand on their own. Digital currencies can be issued by central banks (aka.
Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. Conduit’s platform seamlessly bridges the gap between traditional banking and stablecoin technology, offering unparalleled speed, affordability, transparency and reliability.”
As cryptocurrencies gain, well, currency, and as heavyweights such as Facebook gear up to bring digital coins beyond being tools of speculation and volatility — might they help transform B2B beyond the way it has always been done, and disrupt the correspondent banking process? dollars), less the 1 percent fee.
Cedar Money leverages stablecoins instead of SWIFT to offer faster, more reliable, and cost-effective international money transfers, particularly in regions where traditional systems are inefficient or inaccessible. Cross-border stablecoin payments company Cedar Money announced this week that it has raised $9.9 million in Seed funding.
This is where a stablecoin can step in. Stablecoins are digital assets pegged to another asset – often government-issued fiat money. As such, stablecoins have the capability of utilising crypto payment avenues (which are often quick and have less fees) without running the risk of a volatile value.
The market is scrambling to provide users with a stablecoin. Roughly 300 people signed up for a corresponding “masterclass” for the market in January, which taught them how to set up eWallets and explore the margin-trading strategies available. Babalola said Binance intends to open up a fiat on-ramp on the mobile app, too.
Key areas of impact include fraud prevention, card fee structures, accessibility standards, stablecoin usage, and the treatment of consumer data in evolving open finance ecosystems. Implementation is expected in late 2025 or early 2026, bringing stablecoin issuers, custodians, and payment processors under FCA supervision.
PvP ensures that the final transfer of a payment in one currency only occurs once the corresponding transfer in another currency is completed. Singapore stands out as one of the countries conducting advanced trials in digital currency projects, including wholesale CBDCs , purpose-bound money , and stablecoins.
In my recent walk-through videos, I discussed how US Money Service Businesses ( MSB s) with the requisite money transmitter licenses can leverage Circle and their stablecoin USDC for these purposes. Watch on to learn more about the benefits of Circle and USDC for MSBs.
Juno’s flagship product will allow users to hold the dollar-pegged stablecoin and earn a 5.5 In other news, crypto liquidity and OTC provider B2C2 has introduced a gold derivatives product that synthetically trades against bitcoin, which corresponds to physical gold stored in vaults. percent annual interest rate.
De Meijer Owner and Economist MIFSA Location Maarrssen Followers 8 Opinions 157 Follow Unfollow Stablecoins are attracting considerable attention by traditional financial institutions. Regulatory shifts are paving the way for banks to engage with stablecoins. What are stablecoins? How stablecoins work?
Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation May 12 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? Yet much of the system still hinges on a half-century-old correspondent banking model and a fragmented regulatory landscape. Why is it important?
How Cross-Border Payments Work International payments rely on a network of correspondent banks. The actual transfer happens through correspondent banks, adding complexity. Smaller banks must work through major correspondent banks to access global markets. Instead, they use intermediaries to transfer funds.
Clear Junction is a London-based payments company specialising in correspondent accounts for regulated financial institutions. Stablecoins where SWIFT used to be That unpredictability is also changing how financial institutions move money. Theyre using stablecoins. It will help things work better and be more predictable.
In addition, businesses, neo-banks, banks and wallets can benefit from stablecoin USDC funding capabilities in real-time, 24/7. Thunes Business Payments is underpinned by Thunes Fortress Compliance Platform, which ensures compliance with local regulations for seamless, secure transactions while providing real-time visibility and protection.
Qualifying stablecoins: A subset that references fiat currency and aims to maintain a stable value through asset backing. Lead the market in developing regulated stablecoin-based payment solutions or tokenised financial products. Stablecoin issuers often operate in legal grey zones unless they are federally chartered.
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