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.,

Stablecoins 111

Stablecoins PayPal Consumer Blockchain 111

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

OCTOBER 16, 2024

Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape. The use of stablecoins also streamlines currency conversion processes, facilitating easier transfers between digital and local currencies.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Stablecoins Digital Currency 116

Fintech Finance

AUGUST 27, 2024

the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). EURI is the first e-money token launched by Banking Circle and the first MiCA regulated stablecoin that is issued and backed by a bank in the EU. Banking Circle S.A.,

Stablecoins 105

Stablecoins Multi-Currency Regulations Risk Mitigation 105

Fintech News

SEPTEMBER 17, 2024

The partnership’s first phase includes the launch of the dtcpay Visa Infinite card, allowing users—particularly ultra-high-net-worth (UHNW) individuals—to convert digital currencies like stablecoins into fiat at real-time rates. Public registration for the dtcpay Visa Infinite card is expected in Q4 2024.

Digital Currency 89

Digital Currency Web 3.0 Payments Contactless Payments 89

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

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 94

Stablecoins Digital Currency Non-Bank Blockchain 94

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 92

Stablecoins Use Case Blockchain Regulatory Compliance 92

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

The Payments Association

JULY 24, 2024

BVNK and The Centre for Economics & Business Research (Cebr) have released new analysis on the market impact of stablecoins on the 10th anniversary of this digital currency.

Stablecoins 88

Stablecoins Research Digital Currency 88

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.

Stablecoins 94

Stablecoins Cross-Border Cross-Border Payments Caps 94

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

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

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

Payments Source

MARCH 24, 2020

government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. and could dent interchange fees and private stablecoin projects like Facebook’s Libra. The coronavirus stimulus package has resurrected calls for the U.S.

Stablecoins 142

Stablecoins Digital Currency Central Bank Government 142

Payments Source

AUGUST 2, 2019

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

Stablecoins 140

Stablecoins Digital Currency Use Case Accounts 140

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.

Office of the Comptroller of the Currency 138

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

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.

Stablecoins 83

Stablecoins SWIFT Settlement Digital Currency 83

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 84

Stablecoins Cross-Border Cross-Border Payments Blockchain 84

Fintech News

NOVEMBER 12, 2024

Rubie Wallet enables attendees to convert regulated US dollar-pegged stablecoins into THBX, a Thai Baht stablecoin. This provides a practical advantage for international visitors, eliminating the need to carry cash, wait in long queues at currency exchanges, or incur high transaction fees associated with credit cards.

Stablecoins 84

Stablecoins Bots Financial Inclusion Payments 84

Fintech News

OCTOBER 29, 2024

Global payments network Thunes has announced a collaboration with Circle , the issuer of regulated stablecoins USDC and EURC. This partnership aims to enhance stablecoin liquidity management in cross-border payments. Settlements made with stablecoins provide exactly these four things.

Cross-Border Payments 80

Cross-Border Payments Cross-Border Stablecoins Facilitators 80

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

Payments Source

JANUARY 28, 2021

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through.

Stablecoins 130

Stablecoins Digital Currency Central Bank Technology 130

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 Digital Currency Central Bank 75

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

The Payments Association

DECEMBER 17, 2024

Ripple, the leading provider of digital asset infrastructure for financial institutions, announced that Ripple USD (RLUSD) will be available on global exchanges starting December 17, 2024. “Stablecoins could become the backbone of private payments by offering a secure, scalable, and efficient alternative to traditional systems.

Stablecoins 88

Stablecoins Compliance Federal Reserve Cross-Border Payments 88

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

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

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 84

Cross-Border Stablecoins PayPal Cryptocurrency 84

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

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 95

Stablecoins Digital Currency 95

Payments Source

JANUARY 5, 2021

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

Office of the Comptroller of the Currency 105

Office of the Comptroller of the Currency OCC Stablecoins Process 105

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

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

SEPTEMBER 22, 2020

21), European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies, according to her prepared opening remarks. She framed the need for change as the need to adapt to the new digital world. "We

Digital Currency 110

Digital Currency Stablecoins Central Bank Cybersecurity 110

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

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