Fintech News

APRIL 7, 2024

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.

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Stablecoins Use Case Blockchain Regulatory Compliance 95

Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

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Stablecoins Acquirers Regulatory Compliance Central Bank 90

Fintech News

JULY 16, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. The licenses were issued to StraitsX USD Issuance Pte. StraitsX SGD Issuance Pte.

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Stablecoins Security Cross-Border Settlement 85

Fintech News

JULY 1, 2024

Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming stablecoin framework. This approval allows Paxos to offer digital payment token services through its entity, Paxos Digital Singapore Pte. as a Major Payments Institution.

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Stablecoins Regulations Audit Issuers 89

The Fintech Times

APRIL 5, 2024

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. The Ripple stablecoin will be issued on the XRP Ledger.

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Stablecoins Use Case Blockchain On-Demand 64

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The company plans to launch XREX Pay, a platform designed to facilitate B2B payments and remittance services.

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Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 93

Fintech Review

OCTOBER 7, 2024

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. XSGD will be available via Bitstamp globally, except in US and EU countries.

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