Fintech News

APRIL 7, 2024

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. With the stablecoin market currently valued at approximately US$150 billion and expected to soar to over US$2.8

Stablecoins 94

Stablecoins Use Case Blockchain Regulatory Compliance 94

Payments Dive

DECEMBER 22, 2022

The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

Stablecoins 114

Stablecoins Fed Central Bank Digital Currency 114

Fintech News

MARCH 18, 2024

This initiative aims to offer users more convenience by enabling the conversion of digital currencies into spendable funds within their GrabPay Wallets. This top-up method went live on 12 March 2024. experiences among its users in Singapore. experiences among its users in Singapore.

Stablecoins 96

Stablecoins Digital Currency Non-Bank Blockchain 96

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.

Stablecoins 86

Stablecoins Cross-Border Cross-Border Payments Blockchain 86

Finextra

APRIL 22, 2024

This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).

Stablecoins 75

Stablecoins CBDC Central Bank Digital Currency 75

The Payments Association

JANUARY 22, 2024

On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK. Although there are a number of steps to go before the stablecoin regime comes into effect (with implementation anticipated in 2025), the 2023 papers give helpful insights into the direction of the new regime.

Stablecoins 88

Stablecoins Regulations Treasury Authorization 88

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 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. This is where a stablecoin can step in.

Stablecoins 49

Stablecoins Innovation Cross-Border Issuers 49

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

Fintech News

APRIL 7, 2024

customers to utilise PayPal USD (PYUSD) , a stablecoin pegged to the U.S. To make use of PYUSD for funding transactions, users must have a sufficient balance of the stablecoin in their PayPal Cryptocurrency Hub. Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. Enabling U.S.

Cross-Border 86

Cross-Border Stablecoins PayPal Cryptocurrency 86

The Payments Association

MAY 7, 2024

With the UK's financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection. Read more

Stablecoins 88

Stablecoins Audit Consumer Protection Service Provider 88

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

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. .” That doesn’t mean digital currencies aren’t in the cards, however.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

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. As it stands, the payment firm has onboarded 25 digital currency wallet companies with its Fast Track program such as Cred and Fold. “We

Digital Currency 81

Digital Currency Wire Transfer Credit Cards Stablecoins 81

Fintech News

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. Swift is also addressing the growing fragmentation in the digital asset ecosystem.

SWIFT 143

SWIFT Multi-Currency CBDC Interoperability 143

Payments Dive

SEPTEMBER 5, 2023

Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.

Stablecoins 97

Stablecoins Digital Currency 97

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

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

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

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

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. 12) announcement.

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 While some cryptocurrencies, such as security tokens, are regulated by European law, most stablecoins, are not, CoinDesk reported. s proposed Libra, CoinDesk reported.

Stablecoins 88

Stablecoins Cryptocurrency Central Bank Money Laundering 88

Finextra

JUNE 18, 2024

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

Stablecoins 64

Stablecoins Digital Currency 64

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

PYMNTS

MAY 22, 2020

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. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

The Payments Association

OCTOBER 25, 2023

Stablecoins and central bank digital currencies (CBDCs) are emerging as vital tools in this transition, offering stability and utility, making it evident that the digital asset market is growing and transforming our financial landscape.

Digital Currency 88

Digital Currency Stablecoins Central Bank Cryptocurrency 88

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 Digital Currency Blockchain Cryptocurrency 77

PYMNTS

APRIL 13, 2020

Traffic on Russia’s digital currency exchanges jumped more than 5.5 Qrator Labs, for its part, connected the rising figures with heightened interest in the currency markets. The organization also noted large growth in denial-of-service attacks (DDoS) events on digital currency exchanges.

Digital Currency 77

Digital Currency Credential Regulatory Compliance Bitcoin 77

PYMNTS

DECEMBER 1, 2020

European Central Bank President Christine Lagarde wrote in an editorial that she thinks stablecoins could pose a risk to "financial stability and monetary sovereignty.”. The editorial noted the rise of digital payment methods, which have been especially expedited due to the pandemic.

Stablecoins 60

Stablecoins Central Bank Digital Currency Issuers 60

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. Until Facebook announced Libra, regulators mostly ignored stablecoins due to their small scale. With the threat of Libra on the horizon, it is time for action now,” he said.

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

Fintech News

JULY 17, 2024

This investment will support the development of PEXX ’s stablecoin-to-fiat payment platform, which aims to improve global currency transfers. PEXX claims to have obtained its AUSTRAC license in May 2024, allowing it to operate as an independent remittance dealer and digital currency transfer provider.

Stablecoins 69

Stablecoins Cross-Border Ubiquitous Cryptocurrency 69

Fintech News

MAY 28, 2024

This move will enable clients to accept PYUSD as a payment method and facilitate cross-border transactions using the stablecoin. PYUSD, a US dollar-denominated stablecoin, is fully backed by US dollar deposits, US treasuries, and similar cash equivalents.

PayPal 77

PayPal Stablecoins Cross-Border Payments 77

PYMNTS

OCTOBER 14, 2020

South America is experiencing rapid growth in stablecoin use, with a massive spike in the use of U.S. Ripio said it has seen an 800 percent increase in the use of stablecoins during the second quarter of 2020. Last month, Allaire spoke with PYMNTS on the viability of digital currencies.

Stablecoins 91

Stablecoins Digital Currency Cryptocurrency Returns 91

PYMNTS

MAY 22, 2020

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. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Cross-Border 64

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