The Paypers

JANUARY 5, 2021

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

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Office of the Comptroller of the Currency Stablecoins Settlement Blockchain 41

Payments Source

MARCH 29, 2021

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. ]].

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PYMNTS

NOVEMBER 25, 2020

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.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.

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Payments Source

JANUARY 2, 2020

Stablecoins, with their instant settlement and high liquidity, averts the issues that have long plagued cross-border transactions.

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PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. The new banking options are largely built around blockchain technologies.

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CB Insights

OCTOBER 29, 2020

This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.

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Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. What are Stablecoins? A primary USD stablecoin in USDC (aka USD coin). This is covered in the below section.

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Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. The adoption of blockchain technology has further revolutionized cross-border P2P transfers.

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Fintech Finance

MARCH 27, 2024

From today, Stables users in over 130 countries can send Australian Dollars or Philippine Pesos to over 140 million people across Australia and the Philippines, all powered by stablecoins. Stables and its Founders have an unwavering belief in stablecoins to offer users speed, low-cost settlement, security and reliability for its users.

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The Paypers

SEPTEMBER 5, 2023

Visa has decided to expand its stablecoin settlement capabilities to the Solana blockchain and is engaging in partnerships with Nuvei and Worldpay.

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Cross-Border Payments Cross-Border Stablecoins Settlement 45

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.

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PYMNTS

JULY 6, 2018

MakerDAO, which has a stablecoin called Dai, said the token is being tested with the Tradeshift Cash solution, CoinDesk reported. With the effort, a small business could have the opportunity to change an invoice into the Dai stablecoin. The coin would be offered at a discount, and a crypto investor could purchase the token.

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The Fintech Times

MAY 16, 2024

” Blockchain driving growth Glendy Kam, chief product officer at Tassat Group The past year has been all about blockchain technology according to Glendy Kam , chief product officer at Tassat Group , a blockchain-based solution provider. “The biggest digital asset innovations in the past year have been twofold. .

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PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. OCC Clears Banks For Stablecoin. Apifiny Finds Tester For Instant Settlement Network.

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The Paypers

SEPTEMBER 18, 2019

(The Paypers) Wells Fargo , US-based financial corporation, has been developing a US dollar-linked stablecoin that will run on the company’s first blockchain platform.

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CoinRemitter

JULY 9, 2024

From efforts to boost oversight of stablecoin arrangements, to focus on the DeFi space, 2024 promises to be a year of crypto regulatory developments. Stablecoins will take Center Stage Stablecoins are gaining traction among financial institutions worldwide, attracting the attention of regulators also in 2024.

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PYMNTS

OCTOBER 22, 2020

And the Solana blockchain has become an official chain for USDC, which continues the growth of USDC as an open standard and protocol for fiat cryptocurrency on blockchains, according to an announcement from Centre. USDC for Solana is currently available on the Solana Mainnet.

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CB Insights

MAY 3, 2021

Paxos , which offers regulated blockchain solutions, has raised a $300M Series D. New York-based Paxos is a blockchain infrastructure platform that provides cryptocurrency services, like crypto trading and settlement or custody, to enterprises. How’s the company performing? Want the full post?

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Office of the Comptroller of the Currency PayPal Blockchain OCC 37

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). Separate reports in CoinDesk explained that the solution is a stablecoin linked to the U.S. In a press release on Tuesday (Sept. and Canada, the release noted.

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Fintech News

DECEMBER 11, 2023

The first being the indirect model, where commercial banks manage CBDC wallets and settlements directly on the UDPN, while the central bank handles wholesale settlement between commercial banks and keeps all transaction records. The PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

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PYMNTS

AUGUST 3, 2020

’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. ” Coexisting Systems.

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PYMNTS

NOVEMBER 7, 2019

The Financial Stability Board, which is basically the G20’s financial regulatory arm, concluded last year that, although blockchain ‘currencies’ such as Bitcoin were problematic from an investor protection angle, they did not yet pose any significant financial stability risks,” he said.

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PYMNTS

FEBRUARY 15, 2019

He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. However Dimon feels about bitcoin these days, JPMC apparently isn’t feeling quite as dimly about the future of blockchain and crypto as its CEO once did. Yesterday (Feb. 14), it became the first major U.S.

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PYMNTS

MARCH 19, 2019

The company had been planning to sell its flagship eCommerce business by the end of February, using the funds from the sale towards its blockchain projects. We have received interest on the heels of JPM Coin,” Jesse Lund, IBM’s vice president of blockchain, said in a phone interview, according to Bloomberg.

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Fintech News

JANUARY 9, 2024

While the potential is evident, practical applications for digital currencies and blockchain technology are still emerging. Upsurge of Blockchain and DLT Applications Originally brought into the spotlight by cryptocurrencies like Bitcoin, blockchain technology is now making significant inroads into traditional financial systems.

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The Fintech Times

DECEMBER 14, 2023

Salim Dhanani, co-founder and CEO of Pave Bank Salim Dhanani , co-founder and CEO of Pave Bank commented: “We have set out to address limitations of today’s financial system that lacks transparency, remains restricted to certain time-windows (clearing and settlement, for example) and is riddled with intermediaries.

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PYMNTS

SEPTEMBER 19, 2019

And against that backdrop comes … a new settlement coin. And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. Settlement Coins, Coin of (Part) of Banking Realm. Wells Fargo said Wednesday (Sept. Also on Wednesday (Sept.

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Multi-Currency Settlement Cross-Border Central Bank 49

PYMNTS

MAY 27, 2020

As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). The synthetic offering would be created as a stablecoin for public use, which in turn is backed by central bank reserves.

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PYMNTS

JUNE 10, 2020

The organization, via the Ghana Interbank Payment and Settlement Systems, has also helped put a strong and contemporary interbank collection of payment systems into place that encompass automated clearing house (ACH) and e-zwich, among others.

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CB Insights

MAY 8, 2018

While the prices of cryptocurrencies and cryptoassets have fallen from their 2017 peaks, equity investment into blockchain startups is on pace to hit all-time highs in 2018. THE FUTURE OF BLOCKCHAIN TECH. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. in February.

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Fintech News

JANUARY 30, 2024

Singapore stands out as one of the countries conducting advanced trials in digital currency projects, including wholesale CBDCs , purpose-bound money , and stablecoins. The global blockchain market in the banking and financial services sector is experiencing rapid growth. The global tokenisation market, valued at US$2.39

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The Fintech Times

JULY 15, 2024

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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Fintech Finance

JUNE 13, 2024

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. By bringing together bank and blockchain payment rails and currencies in a single platform, we enable this for our customers.

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PYMNTS

JANUARY 14, 2020

The service is developed on blockchain using stablecoin virtual currency pegged against the U.S. Targeting the Japanese market, blockchain commercial payments company Paystand announced a collaboration with payments company JCB. Paystand Collaborates on New B2B Payment System.

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Wharton Fintech

FEBRUARY 26, 2024

I will go back maybe a decade ago again with blockchain. I used to joke that everyone tried to end every conversation, every sentence with “on the blockchain.” We have done a lot of work with blockchain technology, particularly stablecoin. It is really important to separate out blockchain as a technology.

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BitPay

MAY 25, 2023

No risk of fraud or chargebacks Because cryptocurrency transactions happen on the blockchain, they’re permanently recorded once complete. Marketplaces and affiliates settlements - Pay out sellers and affiliates at scale. BitPay supports the top cryptocurrencies, including Bitcoin (BTC), altcoins and stablecoins.

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