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Coinbase Sets Sights on Thai Baht and Philippine Peso Stablecoins

Fintech News

Coinbase, the global cryptocurrency platform, plans to introduce stablecoins pegged to the Thai baht and Philippine peso as part of its focus on Southeast Asia, according to a report by Nikkei Asia. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.

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SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024

Fintech News

Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. This system allows for direct payments at approximately 100 participating merchants, further streamlining the payment process and promoting the adoption of digital currencies within Thailand.

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Thunes and Circle to Facilitate Faster Cross-Border Payments with USDC Stablecoin

Fintech News

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. By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.

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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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Going on a Joint Venture: SCBHK, Animoca Brands and HKT Go on a Stablecoin Journey in Hong Kong

The Fintech Times

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.

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StraitsX Enables Stablecoin-Based Payments for Tourists at GrabPay Merchants

Fintech News

The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain. Payments will be settled instantly in Singapore dollars via a regulated stablecoin, providing merchants with immediate local currency settlements. Ant International, which operates Alipay+, connects over 1.6

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KAST Raises US$10M Seed Funding to Build Global Stablecoin Platform

Fintech News

KAST, a fintech platform focused on stablecoins, has raised US$10 million in a seed funding round led by HSG (HongShan Capital Group) and Peak XV Partners. The round also saw participation from angel investors and partners of DST Global and Goodwater Capital. Stablecoins are the clear solution, but the user experience wasnt great.