Fintech News

NOVEMBER 25, 2024

Singapore Gulf Bank is reportedly planning to acquire a stablecoin payments provider and is seeking investments to fund this move, Bloomberg reports. The pursuit of a stablecoin payments company underscores the bank’s focus on leveraging the growing prominence of these digital assets.

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CoinRemitter

MARCH 28, 2025

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.

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The Fintech Times

DECEMBER 3, 2024

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. One of the primary reasons for this change is the volatility associated with cryptocurrencies.

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Bank Automation

MARCH 25, 2025

Amid a push toward the use of cross-border payments, the financial services industry is holding back on stablecoin payments 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.

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Finovate

DECEMBER 17, 2024

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-border payments and remittances.

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PYMNTS

SEPTEMBER 13, 2020

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. Stablecoin dispensers should be registered in the EU, the ministers said, according to Reuters. “We

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Fintech News

SEPTEMBER 11, 2024

Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. A key part of this growth is the rise of XSGD, the Singapore dollar-backed stablecoin issued by StraitsX. In contrast, stablecoins pegged to the U.S.

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Fintech News

JANUARY 14, 2025

Former Thai Prime Minister Thaksin Shinawatra has called for Thailands financial institutions to adopt a more progressive stance on cryptocurrency, according to a Reuters report. Speaking at a Bangkok event, Thaksin emphasised the economic opportunities of cryptocurrency, referencing global trends such as the U.S.’s

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PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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Clearly Payments

OCTOBER 31, 2024

From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023.

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The Fintech Times

MARCH 6, 2025

Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?

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Payments Source

MARCH 25, 2021

Wallex hopes its EURST stablecoin will be transparent and familiar enough to appeal to mainstream payment companies. ]].

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The Fintech Times

MAY 30, 2024

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. The post PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain appeared first on The Fintech Times. per PayPal USD.

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Fintech News

FEBRUARY 28, 2024

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for its forward-thinking approach to fintech and digital innovation, is no exception.

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Fintech News

DECEMBER 13, 2024

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. Tether (CNHt) Tether CNHt is a stablecoin that is pegged to the offshore Chinese Yuan (CNY). Traditionally, U.S.

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Fintech News

JUNE 19, 2024

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.

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Finovate

DECEMBER 18, 2024

Levin added that protecting the crypto ecosystem will only become more crucial as smart contracts facilitate more value and the use of stablecoins grow. He also noted that governments are increasing the monitoring of smart contracts associated with illicit funds. Chainalysis was founded in 2014 and has raised $537 million.

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The Fintech Times

JANUARY 26, 2025

BVNK , a stablecoin payment 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.

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Clearly Payments

JANUARY 4, 2024

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.

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Fintech News

APRIL 7, 2024

customers to utilise PayPal USD (PYUSD) , a stablecoin pegged to the U.S. dollars within their PayPal Cryptocurrency Hub and send it to recipients in about 160 countries without incurring Xoom ‘s transaction fees. Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. Enabling U.S.

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Fintech Finance

DECEMBER 16, 2024

The platform supports fiat currencies like the Nigerian Naira (NGN), US Dollar (USD), and Canadian Dollar (CAD), as well as cryptocurrency transactions. Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement.

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Fintech News

JULY 9, 2024

The surge in activity coincides with an approximate 50% increase in the overall market capitalisation of cryptocurrencies during the same period. DBS was recently selected by blockchain and tokenisation infrastructure platform Paxos as its primary banking partner for cash management and custody of stablecoin reserves.

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Finovate

JUNE 3, 2024

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.,

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The Fintech Times

OCTOBER 31, 2024

Shift4 , an integrated payments and commerce technology provider, has launched its new ‘Pay with Crypto’ offering, enabling merchants worldwide to accept cryptocurrency seamlessly for both e-commerce and POS. The new feature will be rolled out in stages across the different Shift4 products and business verticals.

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PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins. Allaire said this has been a long time coming. “The

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The Fintech Times

APRIL 4, 2025

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.

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The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions. and Brazil.

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Fintech News

FEBRUARY 18, 2025

Robinhood Markets is preparing to introduce cryptocurrency services in Singapore next year through Bitstamp, the European digital-assets exchange it acquired in 2024, Bloomberg reported. The company aims to roll out the offerings by late 2025, subject to regulatory approvals.

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CoinRemitter

APRIL 3, 2025

With the growing demand for cryptocurrencies as a payment method in online businesses, accepting crypto payments has become an attractive option for worldwide businesses. Consider Accepting Payments in Stablecoins Accepting stablecoin payments is considered one of the easiest ways to avoid the risk of price volatility.

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Finextra

MARCH 26, 2025

Fidelity Investments is in advanced stages of testing its own stablecoin, which is designed to act as cash in cryptocurrency markets and will be managed through its digital assets arm.

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Fintech News

MAY 8, 2024

Terraform Labs, the company behind the Terra stablecoin, was a Singapore-registered startup not involved in activities requiring a license from the Monetary Authority of Singapore (MAS), and thus, was not licensed. He emphasised that local financial institutions have minimal exposure to cryptocurrencies.

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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 News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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Fintech Review

MARCH 11, 2025

By Peter Curk, CEO of ICONOMI Its a time of change in cryptocurrency sector. But while others are watching for progress, could the UK learn from the EUs mistakes, and use them to secure a stronger position for itself in the cryptocurrency space? There are some major problems in the cryptocurrency sector right now.In

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The Payments Association

MARCH 19, 2025

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.

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Fintech Review

APRIL 10, 2025

Austin, Texas, April 10th, 2025, FinanceWire Unocoin , India’s leading cryptocurrency exchange, proudly announces the integration of the Lightning Network, powered by Voltage , the longest-standing Lightning payments provider. In 2024, India’s crypto industry faced major regulatory challenges, forcing many exchanges to shut down.

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Fintech Review

MARCH 6, 2025

Dubai, United Arab Emirates, March 6th, 2025, Chainwire Bybit , the worlds second-largest cryptocurrency exchange by trading volume, becomes the first platform to include USDtb , a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange.

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