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Global payments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-border payments. Settlements made with stablecoins provide exactly these four things.
Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. This provides a practical advantage for international visitors, eliminating the need to carry cash, wait in long queues at currency exchanges, or incur high transaction fees associated with credit cards.
This dual licensing enables the company to offer cross-border payment services that integrate traditional fiat currencies with blockchain-based stablecoin transfers. By merging stablecoins with real-time payment rails, were enabling businesses to move funds instantly and cost-effectively, without the friction of legacy systems.
Home News Crypto Fiserv unveils stablecoin for banks Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Recent US action towards stablecoin regulation has seen banks up their interest in such coins.
Ant International , the global arm of Chinese tech firm Ant Group, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore. Instead, it sees stablecoins as a way to streamline international payments and enhance the user experience.
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.
Stablecoins are blowing up the financial ecosystem. As proof, we saw news last week that major retailers Walmart and Amazon are exploring developing their own stablecoins. If retailers are jumping onto the stablecoin bandwagon, should your firm or fintech be considering doing so, too? Should you issue your own stablecoin?
Home News Crypto Coinbase launches stablecoin payments service Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Finally, open-source smart contracts power secure, scalable onchain transactions. trillion to $3.7 trillion by 2030.
Stablecoins have a huge impact on the financial market as we know it, but more can still be done. Looking to take stablecoin usage to the next level in Hong Kong, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands , and HKT have announced a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin.
“The initiative is the first of its kind globally to adopt a stablecoin pegged to the UAE dirham for public transport payments,” the partners say. “This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience.”
Home News Crypto Ripple picks BNY for stablecoin custody Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Ripple will also tap into BNY’s transaction banking services to underpin its operations.
XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. Additional investors include White Star Capital, Fabric Ventures, DigitalCurrency Group (DCG), The Venture Dept., and several angel investors. said Milind Sanghavi, Founder and CEO of XWeave.
Our new partnership with Bloxcross makes this possible, unlocking instant, compliant access between fiat currencies and fully backed stablecoins. The Missing Link for Stablecoin Adoption Stablecoinslike Aryzes Branded Stablecoins (SaaS)offer a powerful foundation for faster, more transparent payments.
Central banks across 66 countries are now in the advanced phases of exploring Central Bank DigitalCurrencies (CBDCs), with 44 pilots including the digital euro already underway. The popularity of stablecoins is also reaching new heights. The transfer volume of stablecoins hit highs of $717.1 stablecoins).
Ripple, the leading provider of digital asset infrastructure for financial institutions, announced that Ripple USD (RLUSD) will be available on global exchanges starting December 17, 2024. “Stablecoins could become the backbone of private payments by offering a secure, scalable, and efficient alternative to traditional systems.
Home News Crypto Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to a Shopify statement , stablecoins "are reshaping the way money moves around the world.
StraitsX has launched its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), marking a new phase in its collaboration with Ripple to support real-time digital payments across Asia. Its a marker of where financial infrastructure is heading. said Liu Tianwei, Co-Founder and Deputy CEO at StraitsX.
Home News Crypto MiniPay and Noah debut global-to-local stablecoin payments Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Looking to bridge the world of fiat and digitalcurrencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain.
Home News Crypto PayPal to bring stablecoin to Stellar Network Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. PayPal says that PYUSD on Stellar can be used for fast, affordable real-world payments, remittances, commerce, and micro-financing.
Home News Crypto Highnote partners BVNK for 24/7 stablecoin funding for card programmes Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. banking hours,” says John Macilwaine, CEO, Highnote. We use cookies to help us to deliver our services.
OpenPayd, a leading provider of financial infrastructure, today announced the launch of its stablecoin infrastructure, enabling businesses to move and manage digital assets and fiat through one platform. Every business with international ambitions will need a stablecoin strategy.
From a Press Release dated June 11, 2025, Philadelphia, Pennsylvania Matera , a leading financial technology provider, has partnered with Circle , the global issuer of the USDC stablecoin, to integrate stablecoins as a mainstream payment method within core banking systems.
Yellow Card, Africa’s largest licensed stablecoin on/off-ramp fintech, will also leverage PYUSD to facilitate transactions. Yellow Card CEO Chris Maurice highlighted the transformative potential of stablecoin-based payment rails in optimising cross-border transactions.
Wirex Pay , a stablecoin payment platform, is teaming up with Schuman Financial , the issuer of EURØP, a euro-backed stablecoin, to offer European consumers the option to buy, hold and spend the digitalcurrency.
As part of the agreement, Circle and OKX will jointly run educational and community programs to promote broader understanding of digitalcurrencies like USDC. Star Xu “Our partnership with Circle is important because it delivers increased liquidity and access for customers to a market-leading stablecoin in USDC.
The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digitalcurrencies like stablecoins into fiat at real-time rates. Public registration for the dtcpay Visa Infinite card is expected in Q4 2024.
Digitalcurrency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digitalcurrencies.
1 The Opinion provides supervisory guidance to EU national competent authorities (NCAs) on the application of PSD2 to CASPs and recommendations for longer-term legislative alignment under the upcoming third EU Payment Services Directive (PSD3) and the accompanying EU Payment Services Regulation (PSR).
Home News Crypto Paxos launches stablecoin in the EU Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Paxos launches stablecoin in the EU Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.
A stablecoin issuer, once niche and volatile by association, had now joined the ranks of America’s oldest financial institutions. But beneath the bell-ringing and ticker symbols lies a deeper story - one that challenges our assumptions about what crypto is becoming, and who will ultimately control the future of digital finance.
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.
Ozean , a blockchain for Real-World Assets (RWA) yield launched by Clearpool , is joining forces with First Digital , a Hong Kong-based group offering global multi-asset custodial, trust, payments and stablecoin solutions, as part of WakeMaker, Ozean’s accelerator programme.
America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank DigitalCurrencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.
Home Announcements Crypto GFT makes bank stablecoin play External This content is provided by an external author without editing by Finextra. GFT makes bank stablecoin play Global digital transformation company GFT today announced its work to guide US-based banks as they launch their own stablecoin products.
It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digitalcurrency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape. The use of stablecoins also streamlines currency conversion processes, facilitating easier transfers between digital and local currencies.
Securities and Exchange Commission as indicative of the growing acceptance of digital assets globally. Thaksin suggested that Thailands Securities and Exchange Commission (SEC) adopt regulatory frameworks to support the trade of stablecoins, digitalcurrencies backed by assets.
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.
The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.
The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digitalcurrency. . The People’s Bank of China (PBOC) is already testing the renminbi, a digitalcurrency it says will extend the yuan’s worldwide reach.
Southeast Asian ride-hailing super app Grab has teamed up with licensed crypto payments provider Triple-A to introduce a feature that allows its users to top up their GrabPay Wallets using Digital Payment Tokens. The supported stablecoins at this stage include StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC).
The company will use the funds to scale its “yield-as-a-service” stablecoin infrastructure platform. OpenTrade helps fintechs embed real-world asset-backed yields into digital wallets using USDC and EURC. Stablecoin infrastructure-as-a-service platform OpenTrade received $7 million in a Seed round this week. Photo by anna-m.
Community Your feed Latest expert opinions Groups Join the Community 23,368 Expert opinions 42,409 Total members 322 New members (last 30 days) 190 New opinions (last 30 days) 29,102 Total comments Join Sign in Pay with TRIO: The E-Commerce Breakthrough with Stablecoins. Stablecoins vs. Fiat for E-commerce. Stablecoins Pros.
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