Remove Multi-Currency Remove Settlement Remove Stablecoins
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Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI

Fintech Finance

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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Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments

Fintech News

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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Banking Circle Makes Stablecoins More Accessible With Launch of EURI

The Fintech Times

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. The burning and minting of EURI is enabled by the Fireblocks tokenisation engine and secured by its multi-party computation (MPC-CMP) technology.

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80+ Companies Shaping The Blockchain Landscape

CB Insights

For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions. The biggest deal was Ledger’s $380M Series C in June, backed in part by Digital Currency Group — the top blockchain investor by deal count since 2017.

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This Week in Fintech: TFT Bi-Weekly News Roundup 02/07

The Fintech Times

Their unified ecosystem replaces banks’ “creaky old core systems with a cloud-based powerhouse that streamlines debt collection workflows from start to finish” Company updates Global fintech Conotoxia introduces three more settlement currencies for multi-currency cards.

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Wells Fargo To Pilot Digital Coin

PYMNTS

And against that backdrop comes … a new settlement coin. And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. The pilot is slated to begin next year, with plans to eventually have multi-currency transactions.

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Pave Bank Emerges From Stealth To Bridge the Traditional Finance and Digital Economy

The Fintech Times

Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, global payment connectivity, and treasury management solutions). They will also have access to multi-asset custody, virtual IBANs, safeguarding accounts and PaveNet.

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