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Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI

Fintech Finance

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.,

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Banking Circle Makes Stablecoins More Accessible With Launch of EURI

The Fintech Times

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. The burning and minting of EURI is enabled by the Fireblocks tokenisation engine and secured by its multi-party computation (MPC-CMP) technology.

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Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments

Fintech News

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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Stabilising The Crypto Frontier: UAE’s Groundbreaking Stablecoin Regulations

The Fintech Times

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.

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Circle Revamps Stablecoin Platform As USDC Grows 500 Pct

PYMNTS

Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At He said the public blockchain will take digital dollar stablecoins mainstream.

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Wise to Power Cross-Border Payments for Standard Chartered

Finovate

Users will be able to send money in 21 currencies– including USD, CAD, EUR, GBP, SGD, HKD, and JPY. “We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-border payments experience they are known for. . based company processes $154 billion (£118 billion) annually.

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Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. ” Founded in 2020, RD Technologies offers two primary solutions via its subsidiaries: the RD Wallet and the HKDR stablecoin (HKDR). .”