The Fintech Times

AUGUST 28, 2024

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. Furthermore, it will enable us to launch stablecoins and tokenised money in the future, providing more choice and optionality for the market.”

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

PYMNTS

DECEMBER 9, 2020

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.

Stablecoins 103

Stablecoins Multi-Currency Digital Currency C2B 103

The Payments Association

NOVEMBER 18, 2024

billion in August 2024, down from $175 billion in late 2021 due to cryptocurrency market volatility and increased competition from traditional financial instruments. Among the most prominent are stablecoins and the tokeni s ation of traditional financial instruments. As of June 2024, stablecoins accounted for 6.5%

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

Fintech Review

OCTOBER 7, 2024

This strategic partnership marks a significant step forward in enabling the mass adoption of XSGD across global markets, and sets a new benchmark for stable, efficient, and secure digital currency transactions. “The listing of XSGD on Bitstamp is a pivotal moment in our mission to bring StraitsX’s stablecoins to the global stage.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

The Fintech Times

MAY 31, 2024

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Cryptocurrencies offer a myriad of benefits for cross-border transactions.

Stablecoins 49

Stablecoins Innovation Cross-Border Issuers 49

Fintech News

SEPTEMBER 18, 2024

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. Total spending in the region for digital wallets amounted to almost US$10 trillion in 2023, led mostly by China.

APACS 99

APACS Stablecoins Alternative Payment Methods BNPL 99

Fintech Review

OCTOBER 30, 2024

Singapore, Singapore, October 30th, 2024, FinanceWire FBS , a leading global broker, explores the essential role of cryptocurrencies in hyperinflated economies. As inflation surges in these regions, digital currencies are recognized for their potential to preserve wealth and facilitate transactions outside traditional banking systems.

Economy 52

Economy Research Stablecoins Digital Currency 52

PYMNTS

DECEMBER 1, 2020

It’s been more than a year in the making — with no shortage of caution and criticism by lawmakers and regulators here in the states and in Europe — but Libra, the digital currency backed by Facebook and a revolving cast of other tech firms, could debut as early as next month. Morgan stablecoin, known as JPM Coin, geared toward B2B.

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

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.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The People’s Bank of China (PBOC) is already testing the renminbi, a digital currency it says will extend the yuan’s worldwide reach.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

PYMNTS

DECEMBER 2, 2020

Visa will provide a credit card that allows companies to make and get payments with the digital currency via the card once Circle graduates from Visa’s Fast Track initiative. Visa itself will not custody the cryptocurrency. Blockchain networks and stablecoins, like USDC, are just additional networks.”.

Digital Currency 81

Digital Currency Wire Transfer Credit Cards Stablecoins 81

CoinRemitter

JANUARY 17, 2024

There are about 9000 cryptocurrencies in the world, and over 150 of them are stablecoins, which acquire 0.08% of the cryptocurrency market. This number clearly shows the potential of stablecoins. Whenever we discuss stablecoins, we all think about USDT. But stablecoins aren’t just about Tether.

Stablecoins 45

Stablecoins Cryptocurrency Payment Gateways Payments 45

The Fintech Times

MAY 1, 2024

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Explore which countries are leading the stablecoin race and why.

Metaverse 111

Metaverse FinTech Stablecoins Blockchain 111

The Fintech Times

JUNE 19, 2024

The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. But what is the significance of its latest decision regarding stablecoins? To find out, we asked a number of financial leaders.

CBDC 69

CBDC Stablecoins Regulations Disputes 69

The Payments Association

OCTOBER 25, 2023

The rise of cryptocurrencies, often met with skepticism and mistrust, is becoming increasingly mainstream as major players and regulators endorse their legitimacy. With over 9,000 cryptocurrencies and 420 million users worldwide, crypto is evolving into a practical means of exchange.

Digital Currency 88

Digital Currency Stablecoins Central Bank Cryptocurrency 88

PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No Tackling the challenges raised by global stablecoins requires a coordinated global response. EU finance ministers came to an agreement on Thursday (Dec.

Digital Currency 52

Digital Currency Stablecoins Finance Central Bank 52

Fintech News

NOVEMBER 20, 2024

Yellow Card, Africa’s largest licensed stablecoin on/off-ramp fintech, will also leverage PYUSD to facilitate transactions. Yellow Card CEO Chris Maurice highlighted the transformative potential of stablecoin-based payment rails in optimising cross-border transactions.

Cross-Border 100

Cross-Border Cross-Border Payments PayPal Financial Inclusion 100

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

Stablecoins 110

Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

Stablecoins 88

Stablecoins Cryptocurrency Central Bank Money Laundering 88

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC). 27) in Exuma.

Digital Currency 83

Digital Currency Central Bank CBDC Stablecoins 83

Global Fintech & Digital Assets

JANUARY 8, 2024

The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public. The HKMA followed with its own press release announcing a future sandbox arrangement for stablecoin issuers.

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

PYMNTS

APRIL 26, 2019

With questions surrounding the legitimacy of a “stablecoin” Tether along with regulatory concerns, the digital currency market lost roughly $10 billion in value over a period of an hour on Thursday (April 25). It also claims the funds were “not lost but have been, in fact, seized and safeguarded.”

Digital Currency 46

Digital Currency Stablecoins Transactions Regulations 46

PYMNTS

SEPTEMBER 17, 2020

Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin (USDC), according to a blog post from Circle. Up to now, paying for digital collectibles on blockchain relied on cryptocurrency payments.

Stablecoins 77

Stablecoins Blockchain Digital Currency Cryptocurrency 77

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

Fintech News

JULY 17, 2024

PEXX, a fintech startup focused on cryptocurrency and blockchain technology, has officially launched with US$4.5 This investment will support the development of PEXX ’s stablecoin-to-fiat payment platform, which aims to improve global currency transfers. million in seed funding.

Stablecoins 68

Stablecoins Cross-Border Ubiquitous Cryptocurrency 68

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. Allaire said this has been a long time coming. “The

Office of the Comptroller of the Currency 138

Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Bitcoin 64

PYMNTS

NOVEMBER 5, 2019

A European Union draft document says the European Central Bank (ECB) should contemplate issuing its own digital currency, Reuters reported on Tuesday (Nov. The draft, which was seen by Reuters, also encourages the bloc to create a common cryptocurrency framework and ban high-risk projects.

Digital Currency 42

Digital Currency Stablecoins Central Bank NOV 42

PYMNTS

DECEMBER 12, 2019

The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Lagarde also said the ECB should be “ahead of the curve” on the issue.

Digital Currency 52

Digital Currency Money Laundering Central Bank Cryptocurrency 52

PYMNTS

NOVEMBER 4, 2020

Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner. The Outlook For Stablecoins .

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Stablecoins 83

PYMNTS

OCTOBER 14, 2020

Latin American cryptocurrency company Ripio will work with global FinTech firm Circle , using the latter's platform to support USD Coin (USDC) liquidity, according to a press release emailed to PYMNTS. South America is experiencing rapid growth in stablecoin use, with a massive spike in the use of U.S.

Stablecoins 91

Stablecoins Digital Currency Cryptocurrency Returns 91

Fintech News

DECEMBER 4, 2023

Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand.

Digital Currency 92

Digital Currency Cryptocurrency Stablecoins Bitcoin 92

PYMNTS

SEPTEMBER 18, 2019

17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.

Stablecoins 54

Stablecoins Finance Cryptocurrency Central Bank 54

PYMNTS

SEPTEMBER 23, 2020

Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user's wallet. Tether debuted the concept of a stablecoin denominated in U.S.

Origination 67

Origination Stablecoins Venmo P2P 67

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The FATF said it will review the implementation and impact of its standards by next summer and provide further guidance on stablecoins and virtual assets.

Money Laundering 56

Money Laundering Stablecoins Cryptocurrency Digital Currency 56

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. 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).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57