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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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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation

Fintech Finance

The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.

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

Fintech News

The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. Designed for interoperability, the platform supports a range of use casesfrom remittances and merchant payouts to treasury and wallet operations.

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

Fintech Finance

As the first tokenized RWA integrated into the MTN, Ondo’s Short-Term US Government Treasuries Fund (OUSG) will allow participating businesses to earn daily yield via tokenized assets with 24/7 subscriptions and redemptions, without the need for stablecoins onramps or settlement windows.

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CBDC in Corporate Payments and Transaction Banking

Finextra

Large corporates built bespoke treasury systems to manage multi-bank transfers, FX conversion and reconciliation. Cross-Border Micro Payments Wholesale CBDC corridors between central banks enable real-time FX conversion at pre-agreed rates, empowering granular cross-border billing for IoT-driven services.

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Standard Chartered Utilises Blockchain for Cross-Border Transactions Between Hong Kong and Singapore

The Fintech Times

Standard Chartered , the international cross-border bank, has become the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, and has completed Euro-denominated cross-border transactions between Hong Kong and Singapore.

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

The Fintech Times

Fundamental risks to using CBDCs Nina Moffatt, fintech and regulation partner, Paul Hastings Nina Moffatt , fintech and regulation partner, of law firm Paul Hastings , notes that while CBDCs are an attractive option, risks such as settlement times are preventing mainstream adoption.