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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle Internet Group announced the launch of its Circle Payments Network (CPN), a new system designed to connect financial institutions for cross-border payments using regulated stablecoins. The post Circle Launches Stablecoin Payments Network for Cross-Border Settlements appeared first on Fintech Singapore.

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XWeave Secures US$3 Million Funding for Stablecoin Cross-Border Payments

Fintech News

Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. and several angel investors.

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UAE closes in on launch of Digital Dirham

Finextra

Home News Crypto UAE closes in on launch of Digital Dirham Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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CBDC in Corporate Payments and Transaction Banking

Finextra

Emergence of SWIFT & RTP: The 1980s–1990s saw global messaging standards (MT-103, MT-202) and real-time rails (Fedwire, TARGET2) democratize cross-border settlement but reliance on intermediaries, queue times, and compliance checks remained major pain points. Tokens move from corporate CBDC wallet to beneficiary’s account.

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What will payments look like in 2030?

The Payments Association

By 2030, the payments landscape will look radically different from today, shaped by disruptive technologies, shifts in consumer expectations, digital regulatory frameworks, and new global infrastructures. These state-backed digital currencies combine the efficiency of blockchain with the regulatory oversight of fiat systems.

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Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?

The Fintech Times

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market.

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Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; Chinese Leaders Back Regional Digital Currency Plan

PYMNTS

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. .