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Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Fiserv CEO embraces stablecoins The processor is developing an infrastructure that would let its merchant customers make use of the digital assets, Mike Lyons said.
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.
Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. By focusing on stablecoins, dtcpay aims to provide a more secure, predictable, and regulatory-compliant payment solution for businesses and consumers.
Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. Users can swap between stablecoins and fiat currencies and spend fiat directly through the card.
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.
StraitsX, a Singapore-licensed stablecoin issuer and digital payment infrastructure provider, has partnered with Standard Chartered to strengthen the reserve management of its U.S. Dollar (XUSD) and Singapore Dollar (XSGD) stablecoins. Standard Chartereds involvement brings institutional-grade reliability to the stablecoins.
Coinbase Global has launched a payments platform aimed at making stablecoins a standard option for online transactions, Bloomberg reports. The rollout comes shortly after the US Senate passed stablecoin legislation and targets the multitrillion-dollar e-commerce sector. Shopify is the first to adopt the service.
Visa is upping it game in the stablecoin market, expanding its settlement capabilities in the Europe, Middle East, and Africa (CEMEA) region to enable USD cross-border transactions through blockchain technology.
AEON, the next-generation crypto payment framework, has announced a strategic partnership with Ripple to integrate XRP and Ripple USD (RLUSD), Ripple’s USD-denominated enterprise-grade stablecoin
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.
Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. Brad Garlinghouse Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide.
Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. The post SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024 appeared first on Fintech Singapore. said Mukaya Tai Panich, CEO and CIO of SCB 10X.
Circle Internet Group and world’s largest crypto exchange Binance have formed a strategic partnership to expand the use of USDC, a stablecoin pegged to the US dollar. We will also work closely with Circle to drive innovation and utility for stablecoins globally. said Richard Teng, CEO of Binance.
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.
Ripple, a provider of enterprise blockchain and crypto solutions, clarified that its USD-pegged stablecoin, RLUSD, is not yet launching. The stablecoin, first announced earlier this year, is set to be fully backed by a mix of US dollar deposits, short-term US government securities, and similar cash equivalents.
Sam Altmans World Network is in talks with Visa to bring stablecoin payments to its self-custody crypto wallet, enabling users to spend crypto across Visas global merchant network, a source told CoinDesk. The project has previously drawn similar attention in Kenya and several European countries.
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.
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.
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. By leveraging stablecoins, KAST aims to address challenges in traditional banking systems, particularly in regions with volatile currencies. We are building KAST to change this.”
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.
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.
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.
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of international payments processed through its network.
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.
Ripple has named BNY Mellon as the primary custodian for the reserves backing Ripple USD (RLUSD), its enterprise-focused stablecoin. It is positioned as a stablecoin developed for institutional use, rather than for retail transactions. said Jack McDonald, SVP of Stablecoins at Ripple.
dtcpay , a leading stablecoin payments solution in Singapore, is thrilled to announce a groundbreaking partnership with Metro, one of Singapores most iconic and trusted department stores. This collaboration marks a bold step into the future of retail, empowering Metro customers to shop seamlessly using stablecoins.
The Thai Securities and Exchange Commission (SEC) has announced the addition of USD Coin (USDC) and Tether (USDT) stablecoins to its approved list of cryptocurrencies. Featured image credit: Edited from Freepik The post Thai SEC Adds USDC, USDT Stablecoins to Approved Crypto List appeared first on Fintech Singapore.
Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoin payment rails, unveiled its cross-border payment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.
They may be the current darling of the financial services world, but stablecoins fall short as a form of sound money and at best may "eventually play a subsidiary role in the hinterland of the financial system," according to the Bank for International Settlement.
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.
Stablecoins have emerged as promising alternatives to fully realizing the potential of cross-border payments. The post Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments appeared first on FF News | Fintech Finance.
XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. A key feature of the platform is its optimisation engine, which intelligently scans multiple stablecoins and fiat on/off ramps to identify the most cost-effective route for each transaction.
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. “As the U.S.
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.
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.
Stablecoins are like “another payment rail,” said Vince Tejada, who heads treasury and strategic finance at stablecoin infrastructure provider Bastion.
“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. ” Real-time transactions Advantages of the AE Coin include real-time transactions and low fees, the stablecoin’s developer adds. “We
The new Apple Pay integration leverages Mesh’s proprietary SmartFunding technology, which allows users to pay with the crypto of their choice, such as BTC, ETH, or SOL, while merchants settle in the stablecoin of their choice, such as USDC, USDT, PYUSD, and others.
Anchorage Digital has entered into a definitive agreement to acquire Mountain Protocol, the Bermuda-based issuer of the USDM stablecoin. The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. The companys USDM stablecoin is fully backed by U.S.
Singapore Gulf Bank is reportedly planning to acquire a stablecoin payments provider and is seeking investments to fund this move, Bloomberg reports. The pursuit of a stablecoin payments company underscores the bank’s focus on leveraging the growing prominence of these digital assets.
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