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.,

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Fintech Review

NOVEMBER 12, 2024

Bengaluru, India, November 12th, 2024, FinanceWire In a landmark move following the 16th BRICS Summit, BackD is set to launch BRICS-backed stablecoins, aiming to redefine financial independence for emerging economies. By disassociating from the dollar’s fate, BackD’s BRICS stablecoins promote financial stability and autonomy.

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Fintech News

APRIL 10, 2024

The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions.

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The Fintech Times

JULY 20, 2024

The Hong Kong Monetary Authority (HKMA) has revealed the participants for its stablecoin issuer sandbox, which will be able to test plans to issue a stablecoin in Hong Kong. The post HKMA Unveils Stablecoin Sandbox Participants, Ensuring ‘Sustainable and Responsible Development’ appeared first on The Fintech Times.

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Fintech News

OCTOBER 7, 2024

Featured image credit: Edited from Freepik The post dtcpay Enables Crypto and Stablecoin Payments at Capella Hotels appeared first on Fintech Singapore. We look forward to extending our offerings to more properties within the group in the near future.” said Alice Liu, CEO & Co-Founder of dtcpay.

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Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. Following this acquisition, Ripple has announced plans to launch a USD-backed stablecoin.

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Fintech News

NOVEMBER 5, 2024

This collaboration follows an initial MOU signed at the 2023 Singapore Fintech Festival. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.

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Fintech News

NOVEMBER 6, 2024

Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS) , addressed the Singapore Fintech Festival 2024 , emphasizing the importance of community, collaboration, and capabilities in shaping the future of fintech. Discussing generative AI, Chia described MAS’ cautious but collaborative approach.

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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 said Brad Garlinghouse, CEO of Ripple.

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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. “Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.” The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event.

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Fintech News

JULY 16, 2024

This development follows the earlier announcement in November 2023, where StraitsX, along with Paxos, received In-Principle Approvals (IPA) from MAS to issue stablecoins. In addition to this, StraitsX has introduced XUSD, a fiat-pegged USD stablecoin, aimed at digitising currencies essential for global trade.

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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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Fintech News

JULY 1, 2024

Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming stablecoin framework. Paxos has selected DBS Bank, Southeast Asia’s largest bank by assets, as its primary banking partner for cash management and custody of stablecoin reserves.

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Fintech News

MARCH 18, 2024

This initiative aims to offer users more convenience by enabling the conversion of digital currencies, like stablecoins, into spendable funds within their GrabPay Wallets. The supported stablecoins at this stage include StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC).

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Fintech Finance

JUNE 27, 2024

BVNK , global stablecoin payment provider, announces the launch of a new product, Layer1. This self-hosted, self-custody digital asset infrastructure helps businesses launch stablecoin payments quickly and securely, while keeping full control and privacy over their digital assets.

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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.”

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Fintech News

JULY 9, 2024

DBS was recently selected by blockchain and tokenisation infrastructure platform Paxos as its primary banking partner for cash management and custody of stablecoin reserves. To that end, we are studying listing stablecoins on our exchange and studying how to enable clients to earn rewards through Ethereum staking.

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Finovate

OCTOBER 21, 2024

After rumors swirled over the weekend, we now know that it is official : payments processing company Stripe has acquired stablecoin platform Bridge for $1.1 The company’s technology allows businesses to move, store, and accept stablecoins using just a few lines of code. stablecoin market.

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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. With the increasing demand for fast and convenient transactions, settlement from our PSPs in stablecoins has become essential.

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Fintech News

FEBRUARY 7, 2024

This collaboration aims to streamline the adoption of PYUSD, a USD-backed stablecoin issued by Paxos under PayPal’s banner. PYUSD is characterised as an open, programmable stablecoin, backed by dollar deposits, US treasuries, and cash equivalents.

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Fintech News

NOVEMBER 5, 2024

In 2024, Singapore’s fintech landscape continued its dynamic expansion, reinforcing the country’s position as a leader in payment innovation, digital banking and digital asset management. 2024 also saw stablecoin adoption pick up pace, following regulatory updates in late 2023. of all fintech companies operating in the country.

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The Fintech Times

SEPTEMBER 26, 2024

The first stage of this partnership will focus on increasing the accessibility and adoption of SG-FORGE’s MiCA1-compliant stablecoin EUR CoinVertible , which will be listed on Bitpanda’s platform and made available to retail investors as well as white label partners in the coming weeks.

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The Fintech Times

MAY 1, 2024

This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving. We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Explore which countries are leading the stablecoin race and why.

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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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The Fintech Times

APRIL 5, 2024

Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. The Ripple stablecoin will be issued on the XRP Ledger.

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Fintech Review

SEPTEMBER 5, 2024

Grand Cayman, Cayman Islands, September 5th, 2024, Chainwire After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem. The post Agora-Backed AUSD Stablecoin is Live on Sui appeared first on Fintech Review.

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Fintech News

DECEMBER 12, 2023

Credit rating agency S&P Global Ratings has unveiled its new stablecoin stability assessment service, designed to evaluate their capability in maintaining a stable value in comparison to traditional fiat currencies. In its first series of assessments, the firm evaluated eight prominent stablecoins.

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Fintech Review

NOVEMBER 6, 2024

In response, fintech companies are stepping up, using digital innovation to provide banking solutions to the unbanked and underbanked. By leveraging mobile technology, blockchain , and alternative credit scoring, fintechs offer affordable and accessible financial services. This can trap entire communities in cycles of poverty.

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Fintech News

MARCH 18, 2024

The five supported digital currencies at this stage include Bitcoin (BTC), Ether (ETH) as well as stablecoins such as StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC). This initiative aims to offer users more convenience by enabling the conversion of digital currencies into spendable funds within their GrabPay Wallets.

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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.

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The Fintech Times

MAY 31, 2024

This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving. This is where a stablecoin can step in. Stablecoins are digital assets pegged to another asset – often government-issued fiat money.

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Fintech Review

OCTOBER 29, 2024

The alliance aims to drive innovation and growth of the Stablecoin and Real-World Asset (RWA) ecosystem Deep Blue is an issuance platform for Stablecoins bringing best-in-class practices and best partners in both digital assets and traditional finance, enabling users to operate across multiple use cases.

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Fintech Review

OCTOBER 7, 2024

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. XSGD will be available via Bitstamp globally, except in US and EU countries.

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The Fintech Times

AUGUST 24, 2024

Latin American payment service provider, Mercado Pago , now enables customers to buy and sell the Meli Dollar stablecoin through its app to all users in Brazil. The Meli Dollar stablecoin is pegged one-to-one with the US dollar and looks to ensure users have access to options less volatile than existing cryptocurrencies.

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The Fintech Times

FEBRUARY 12, 2024

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.

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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. A new system has now been issued in the UAE which will license and oversee stablecoins, following approval by the board of directors at the CBUAE.

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The Fintech Times

JULY 17, 2024

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA), are set to finalise plans for a new licensing regime for fiat-referenced stablecoins (FRS), to combat associated financial stability risks.

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