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Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments. The companys latest partnerships with OKX and Nuvei are part of a broader effort to create a seamless system where consumers can spend stablecoins and merchants can receive them.
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.
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.
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.
XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. said Milind Sanghavi, Founder and CEO of XWeave.
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with crypto and the existing financial system. RLUSD is ideal for financial use cases and allows institutions to: Facilitate instant settlement of cross-border payments.
based stablecoin infrastructure provider BVNK secured a $50 million Series B round, boosting its valuation to $750 million. As living proof that the stablecoin revolution is underway, stablecoin infrastructure provider BVNK has raised $50 million. Stablecoins have exceptional potential for cross-border payments and remittances.
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.
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.
New York, New York, April 17th, 2025, FinanceWire Borderless.xyz , a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), is pleased to welcome Trace Finance , a leading provider of digital asset infrastructure in Brazil, to its growing network.
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 stablecoinsettlement. Rain is programmatically leveraging stablecoins enabling network settlement 7 days a week, 365 days a year.
BVNK , a stablecoin payment infrastructure provider, is joining forces with First Digital , the group behind First Digital USD, in a move to bolster the adoption of the USD-backed stablecoin within the crypto ecosystem.
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.
This development follows the earlier announcement in November 2023, where StraitsX, along with Paxos, received In-Principle Approvals (IPA) from MAS to issue stablecoins. In addition to this, StraitsX has introduced XUSD, a fiat-pegged USD stablecoin, aimed at digitising currencies essential for global trade.
the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). EURI is the first e-money token launched by Banking Circle and the first MiCA regulated stablecoin that is issued and backed by a bank in the EU. Banking Circle S.A.,
Payments giant Visa unveiled a number of AI-enabled advancements at its Global Product Drop, alongside expanded stablecoin partnerships, as it looks to position itself as a key enabler of the AI-driven future of digital commerce. Visa also announced new stablecoin partnerships to reach more people and geographies.
Stablecoins are proving to be popular among the unbanked in Mexico. In contrast, Chipi Pay facilitates transactions with negligible fees and faster settlements. Chipi Pay has secured a major distribution deal, partnering with a CPG distributor to place stablecoin gift cards across 270,000+ mom & pop shops in Mexico.
HODL Pay will look to connect the decentralised finance ( DeFi ) ecosystem with everyday commerce, enabling users to borrow stablecoins from DeFi against their crypto holdings and seamlessly pay any BitPay invoice at checkout.
This upgrade enables the fastest and lowest-cost Bitcoin transactions while also supporting cheaper, instant Tether transfersaligning with Tethers recent announcement to issue its stablecoin on Lightning, as revealed at the Plan B El Salvador Conference.
Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. Stablecoin technology and our network model make this vision achievable by enabling fast and efficient money movement.
BVNK , the stablecoin payments provider, announced today that it has enabled Swift payments on its platform, so businesses can move easily between US dollars, Euros and stablecoins like USDT, USDC and PYUSD. With the increasing demand for fast and convenient transactions, settlement from our PSPs in stablecoins has become essential.
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.
As a result, the USD-denominated stablecoin is now being integrated into Ripple ‘s flagship payments solution, Ripple Payments, as the digital asset infrastructure provider looks to drive RLUSD’s utility and demand. Access liquidity for remittance and treasury operations.
The five supported digital currencies at this stage include Bitcoin (BTC), Ether (ETH) as well as stablecoins such as StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC). experiences among its users in Singapore.
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.
The service will initially support stablecoins such as USDT and USDC, allowing users to send money as easily as sending a message. Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls. OKX plans to add support for more stablecoins over time.
The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.
Stablecoins : Stablecoins like USDC and USDT are increasingly popular in e-commerce due to their reduced volatility, with stablecoin transactions growing 30% year-over-year. Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions.
In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. Additionally, stablecoins are increasingly being explored for use in payments due to their stability and efficiency.
said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. ]].
Paving the way for seamless stablecoin transactions via the Lightning Network. Accelerating mainstream adoption by equipping financial institutions with secure, high-performance payment rails for Bitcoin and stablecoins. Allowing BitGos large customer base to leverage one of the fastest-growing networks in crypto.
the tech-driven payments bank, has launched its bank-backed stablecoin, EURI. The EURI stablecoin is the first MiCA-regulated digital asset that is issued and backed by a bank in the EU. Furthermore, it will enable us to launch stablecoins and tokenised money in the future, providing more choice and optionality for the market.”
Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. Here’s how these technologies are reshaping the payments ecosystem: Stablecoins are transforming cross-border payments by providing faster, cheaper alternatives to traditional transfers.
XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users. The post StraitsX’s XSGD Expands Reach with Bitstamp Listing appeared first on Fintech Singapore.
Visa also announced new stablecoin partnerships to reach more people and geographies. Stablecoins: For over half a decade, Visa has been facilitating crypto transactions and is now further expanding the applications for stablecoins with stablecoin-linked cards, settlement and programmable money.
Onafriq , the African payments gateway, is joining forces with Circle , a stablecoin-focused company and USDC issuer, to transform cross-border payments and digital financial services across Africa. This collaboration underscores our vision to democratise access to payments and drive financial inclusion across the globe.”
Stablecoin payments provider MANSA has secured $10 million in funding. Stablecoin-based payments solutions company MANSA has raised $10 million to help payment companies alleviate global liquidity challenges. MANSA will use the funds to expand into Latin America and Southeast Asia.
By providing compliant, instant settlement solutions through stablecoins, we aren’t merely addressing a pain point; we are creating new opportunities for accessing, paying for, and experiencing luxury services on a global scale. . “The luxury aviation market is ready to be upgraded.
By collaborating with Rain, BitGo, and Visa, Nuvei delivers a seamless and secure blockchain payment experience that empowers LATAM merchants to use their physical or virtual card supported by Visa to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted.
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.
Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
To address these issues, countries part of the Association of Southeast Asian Nations (ASEAN) joined hand with the Bank for International Settlements (BIS) Innovation Hub to collaborate on Project Nexus. On asset tokenisation, Chia highlighted the introduction of a stablecoin regulatory framework.
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