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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.

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Ondo Finance Joins the Mastercard Multi-Token Network (MTN) as the First Real-World Asset (RWA) Provider

Fintech Finance

Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences.

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RTGS.global Completes First Instant Cross-Border Settlement Between Georgia and Tajikistan

The Fintech Times

“Based on recent feedback from within our participant community this application is now perceived by a wide range of institutions as a logical first step in their adoption of the RTGS.global service.”

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EMQ Closes Funding Round With $20M For Cross-Border Tech

PYMNTS

Asia-based financial settlements network EMQ , which works in cross-border payments, has announced the close of a $20 million Series B funding round led by WI Harper Group, according to a press release. The solution connects bank application programming interfaces (APIs) with payment service providers.

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Money20/20 Asia 2024: Day Three Roundup

The Fintech Times

Reflections of a successful Money 20/20 Asia Richie Santosdiaz with a few of the visitors from Asia at the National Innovation Agency stand at Money20/20 Asia After completing the final exhibition sessions and ticking off the last items on the agenda for day three, both participants and organisers reflected on a fruitful three-day event.

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Agriculture In Ant Financial’s Blockchain Sights

PYMNTS

In mid-2018, Ant Financial announced that it launched a blockchain-based cross-border settlement service for consumers. Earlier this year, Ant Financial was an investor in a $10 million Series A round for QEDIT, which develops privacy solutions geared toward blockchain.

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PingPong: Why Doing Payments Globally Is All About Thinking Locally

PYMNTS

The wall that many new cross-border eCommerce entrants are running into at top speed is the failure to realize upfront what a massive undertaking it is to build global scale for seamless, secure, cross-border settlement.