This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Mesta , a fintech platform reshaping global payment networks with hybrid fiat and stablecoinpayment rails, unveiled its cross-borderpayment platform. It combines real-time fiat payment rails with blockchain-powered stablecoin rails, addressing inefficiencies in global payments and trade.
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.
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. We couldn’t be more excited to support their journey!
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-borderpayment system. billion consumers through more than 30 payment partners globally, enabling seamless cross-borderpayment experiences.
Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. Ripple aims to facilitate global adoption through partnerships with these and other market makers and payment providers, focusing on the Americas, Asia-Pacific, UK, and Middle East regions.
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-borderpayment system utilising stablecoins, according to CoinGape. The use of stablecoins also streamlines currency conversion processes, facilitating easier transfers between digital and local currencies.
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.
Amid a push toward the use of cross-borderpayments, the financial services industry is holding back on stablecoinpayments as it awaits consumer adoption and regulation. Stablecoin is cryptocurrency that aims to keep a stable value relative to a specified asset like government-issued currency or gold.
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-borderpayments.
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.
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-borderpayments and remittances.
Singapore-based digital payment infrastructure provider and stablecoin issuer, StraitsX , is teaming up with Standard Chartered to enhance the reserve management of its stablecoins. The post Standard Chartered Set to Support Reserve Management of StraitsX Stablecoins in Singapore and US appeared first on The Fintech Times.
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.
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.
This collaboration enhances the Borderless.xyz network by integrating Capas local payment rails, enabling seamless, faster, and more cost-efficient transactions for financial institutions, payments companies, fintechs, and corporates operating in Mexico.
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.
BVNK , a stablecoinpayment 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.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has revealed a significant gap in the preparedness of payment industry leaders to navigate the complexities of the Markets in Crypto-Assets Regulation (MiCA) regulation, which is now in effect across the EU.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
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.
Projected Growth : The cryptocurrency market for payments is expected to grow to $250 billion by 2030 as stability increases and regulatory frameworks develop. 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.
The growing adoption of stablecoins across Asia marks a significant shift in the regions financial landscape. dollar-pegged stablecoins like USDT and USDC primarily dominate the cryptocurrency topography. dollar in cross-border trade, investment, and domestic financial systems. Traditionally, U.S.
The platform offers multi-currency accounts, starting with USD, EUR, GBP, NGN and Stablecoins, with payments to more than 100 countries. The first step for Waza was providing competitive foreign exchange (FX) and cross-borderpayments for businesses.
Bitso Business —the B2B arm of Bitso that provides infrastructure for efficient and transparent cross-borderpayments— announced today the creation of its subsidiary Juno , a company dedicated to the issuance and management of virtual assets.
Most of these centre on how firms handle digital assets, particularly stablecoins, as well as the operational and legal adjustment needed to navigate the changing landscape. Stablecoins, as a subset of digital assets, have been a focal point of both the Bill and the FCAs regulatory discussions.
First, it will help Ripple move beyond payments into full-scale financial services. The company, which is best known for cross-borderpayments using XRP, will now be able to offer trading, custody, and lending, which is the essential “plumbing” that institutional investors rely on.
PayPal’s stablecoin, PayPal USD (PYUSD), was officially added to the Solana Blockchain last week. Now, PayPal stablecoin users can send PYUSD on Ethereum or Solana when transferring out to external wallets. Competition : The race to stablecoin dominance has quieted among most traditional financial services providers in the U.S.,
This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails. ” FV Bank account holders who use SWIFT will now enjoy a simpler and more secure experience when receiving cross-borderpayments, with access to a global network of financial institutions.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, announced that crypto exchange Bitstamp has added XSGD to its platform. XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. The post StraitsX’s XSGD Expands Reach with Bitstamp Listing appeared first on Fintech Singapore.
Vilnius, Lithuania, March 5th, 2025, FinanceWire Deus X Pay , a regulated stablecoinpayment provider, announced the launch of NeXus , enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. ” How It Works: Each Deus X Pay client receives a unique NeXus ID.
Unlocking Global Cross-BorderPayment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-borderpayments, providing a secure and efficient alternative to traditional financial systems.
Deus X Pay , a regulated stablecoinpayment provider, announced the launch of NeXus , enabling instantaneous transfers at zero cost across the Deus X Pay ecosystem. NeXus addresses the challenge of inter- and intra-company transfers, overcoming major pain points, particularly in cross-border transactions.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-borderpayment experiences.
Clear Junction , a global leader in cross-borderpayments for regulated financial institutions, has once again been recognised in the 2025 FT 1000 , the Financial Times’ prestigious ranking of Europe’s fastest-growing companies.
Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely.
To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said. On the international front, cross-borderpayments have presented a different set of challenges.
An international association for central banks has issued a report that “aims to make lasting improvements in cross-borderpayments.” The current problem, according to the report , is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries.
Global bank Standard Chartered unveiled this week that it has teamed up with cross-borderpayments fintech Wise (formerly TransferWise). The bank has selected Wise Platform , Wise’s global payments infrastructure for banks, to power international payments for SC Remit , Standard Chartered’s cross-borderpayment service.
When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-borderpayments. Sean Forward CEO of paytech, payable.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content