This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management usecase for real-time multi-currency clearing and settlement. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time.
Fiserv is leveraging Paxos, Circle, and Solana to launch FIUSD , a new stablecoin integrated into its global banking and payments infrastructure. In a move that signals growing mainstream adoption of digital assets, payments giant Fiserv has unveiled plans to launch its own stablecoin, FIUSD.
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?
The partnership marks progress for OpenPayd’s recently launched stablecoin infrastructure. Businesses will also be able to convert between fiat and RLUSD, a USD-denominated stablecoin, accessing OpenPayd’s full suite of services, including embedded accounts, payments, and trading, via a single API. .
This partnership between UDPN and FORUS Digital will focus on helping central banks deploy a secure CBDC testing environment for creating usecases and defining new regulations. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digital currencies.
At this point, if you’ve been working in the financial services industry since January, you’ve likely heard of stablecoins, and you may have heard of tokenized deposits. Here’s a brief overview of where stablecoins and tokenized deposits intersect, where they are different, and where they may be most useful.
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. With the stablecoin market currently valued at approximately US$150 billion and expected to soar to over US$2.8 said Brad Garlinghouse, CEO of Ripple.
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.
Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm.
Rain , a global card issuing platform built for stablecoins, is helping usher in a new era of onchain finance through its work with Visa. Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain is programmatically leveraging stablecoins enabling network settlement 7 days a week, 365 days a year.
Stablecoins have been rising in conversation within the financial ecosystem of Singapore. As the name implies, stablecoins are digital assets designed to maintain a stable value relative to a reference asset, such as the US Dollar or gold.
The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. Tether (CNHt) Tether CNHt is a stablecoin that is pegged to the offshore Chinese Yuan (CNY). Traditionally, U.S.
Most of these centre on how firms handle digital assets, particularly stablecoins, as well as the operational and legal adjustment needed to navigate the changing landscape. Stablecoins, as a subset of digital assets, have been a focal point of both the Bill and the FCAs regulatory discussions.
The agreement brings together OpenPayd’s API-based payment and banking services with Circle’s infrastructure for USDC, a dollar-denominated stablecoin issued by regulated affiliates of Circle. They indicated that the collaboration aims to further expand the use of stablecoins like USDC in practical financial applications.
He also discussed Project Guardian , which explores asset tokenisation usecases across various assets, demonstrating clear economic benefits. On asset tokenisation, Chia detailed MAS’ three-layer approach, focusing on token standards, high-quality settlement assets like stablecoins, and interoperable infrastructure.
At its core, Onafriq is providing digital interoperability across mobile wallets, bank accounts, cards, and offline payment channels – bringing Africa closer to a seamless and integrated financial future. I’m incredibly proud of what we’ve achieved and even more excited about the road ahead.”
The popularity of stablecoins is also reaching new heights. The transfer volume of stablecoins hit highs of $717.1 They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. tokenised deposits and stablecoins) or non-banks (aka. stablecoins).
Amid rising fraud, emerging technologies like embedded finance, AI, and stablecoins, and intensifying global competition, the Financial Conduct Authority (FCA) faces mounting pressure to recalibrate its approach to regulationor risk holding back the very sector it aims to protect.
The two organisations will work together to host elements of Paycode’s digital payment infrastructure on the Algorand blockchain, with a focus on supporting transparent disbursement of aid, integrating stablecoin-based settlement mechanisms, and building resilient, offline-first financial tools.
Stablecoin issuer and infrastructure company Circle unveiled this week that the Circle Payments Network (CPN) mainnet is now live. With CPN, Circle is hoping to disrupt the $190 trillion cross-border market and bring stablecoins mainstream for cross-border payments. “We are just getting started. .
While not a stablecoin in its current distributed ledger form, the Lewes Pound was, nevertheless, similar in many aspects including being pegged to a major currency. However, the main difference is that the Lewes Pound has now lost its usecase. Stablecoins have not. At least, not yet. And why wouldnt they?
Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.
Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. trillion by 2028. trillion by 2028.
Among these, the integration of blockchain and stablecoins in cross-border payments and treasury management emerged as a central theme. Now, digitally native businesses are leveraging blockchain and stablecoins not to speculate, but to optimise cost and speed in cross-border transactions.
These companies span every segment of the market, from long-established remittances players and banks to neobanks, business-to-business (B2B) platforms, stablecoin providers and regional specialists, and are powering global trade. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
Trialed Digital Tenge usecases include wholesale cross-border CBDC transactions with the Hong Kong Monetary Authority, CBDC vouchers for school meals, smart contracts designed to safeguard public funds allocated for road construction, and Digital Tenge stablecoins on the Binance cryptocurrency exchange.
G+D’s non-DLT-based CBDC system, Filia, was used in the direct model, demonstrating its interoperability and can be integrated into both traditional account-based environments and DLT solutions. Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.
Each cryptocurrency operates on its own underlying technology and has unique features that may cater to different usecases. What are Stablecoins? Unlike their more volatile counterparts, stablecoins aim to maintain a stable value by pegging their worth to established fiat currencies, commodities, or other assets.
In light of this, this May we are looking to spotlight blockchains usecases and where the tech is going next. Accessibility problem Mike Sparshott, fintech specialist at servers.com AI has a simple usecase that many users understand: it automatically generates things. You cant experience blockchain in the same way.
“As fraudsters start to use AI for nefarious purposes such as deep fakes, banks will quickly need to address these threats to protect their customers by developing their own AI systems. Soon, payments will be instantaneous, cheap, frictionless and interoperable, able to move along and across different payment rails.
Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Depending on the usecase and the corporate need, he told Webster, supporting different rails makes sense.
Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.
Issued through Circle’s regulated entities, USDC is the largest regulated dollar-backed stablecoin in the industry with over a $35 billion market cap, as of September 17, 2024. The presence of multiple native stablecoins on Sui fuels a diverse, secure, and scalable platform for building the future of intelligent assets.
The chancellor should ensure the UK fintech industry interoperates globally, attracts inwards investments, delivers high-skilled jobs and capitalises on the opportunity of delivering growth for the new digital economy. This might involve creating a UK crypto hub, learning from the EU’s MiCA and other similar legislations around the world.
Being ISO 20022-compliant gives XDC a key edge in interoperability with traditional financial infrastructure making it easier for banks, payment providers, and enterprise platforms to adopt blockchain-based solutions without reinventing the wheel.
“This collaboration marks a significant milestone in our exploration of the potential of blockchain technology and will ultimately help enable us to broaden our banking services and expand the market with new financial solutions.” Visa’s vision is to enable interoperability across different blockchains for banks utilising the VTAP platform.
. “Combined, these benefits would substantially improve cross-border payments in particularly underserved corridors, and enable a multitude of sophisticated usecases more generally through native composability or bundling of conditional transactions enabled through tokenisation. BIS Aurum) and interoperability solutions (e.g,
Bitcoin’s usecases — enabling criminal activities and fueling speculation — helped it build critical mass as a processing platform for distributed ledger tech (DLT). It’s why bitcoin and blockchain are inextricably used — and often conflated. Innovation By Any Other Name. It’s a curious position to take.
Weavr A plug-and-play embedded finance platform designed for non-financial companies, with ready-made usecase templates. Best for : Platforms accepting or disbursing stablecoin payments. B2B founders, CFOs, and finance teams need systems that are scalable, interoperable, and built for a real-time digital economy.
The Telco UseCase. One of the early usecases for Clear’s solution was the telecommunications industry, a market in which high-volume B2B payments — and the associated frictions — are common. Newly funded Clear will be exploring additional usecases, as it prepares its software for enterprise adoption.
For stablecoins, concept is edging closer to reality, especially for digital dollars – with a dose of regulatory clarity. To that end, as Jeremy Allaire , CEO of Circle , told PYMNTS’ Karen Webster, a number of trends are converging to bring stablecoins into the mainstream of commercial and consumer payments.
Basis is building a “stablecoin” that is intended to be less volatile than other cryptocurrencies. Andreessen subsequently invested in enterprise usecases, in rounds to Axoni and Ripple. Proposed usecases for cryptocurrencies have yet to see material user traction. All are trying to find usecases and users.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content