Finextra

NOVEMBER 15, 2024

SCB 10X, the disruptive technology investment and innovation arm of SCBX Group, in collaboration with SCB, Innovest X , Fireblocks, Elliptic, Circle and Base, announces the launch of Rubie Wallet, a digital wallet application designed to facilitate a seamless closed-loop QR payments experience using regulated USD-pegged stablecoin (Regulated USD Stablecoin) (..)

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Payments Dive

AUGUST 8, 2023

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

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Stablecoins PayPal Consumer Payments 146

Payments Dive

JANUARY 12, 2024

Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.

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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.

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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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Stablecoins Multi-Currency Regulations Risk Mitigation 108

Fintech Finance

JULY 22, 2024

Australian stablecoin payment startup, Stables , announced its expansion into Europe today with their stablecoin virtual card, in partnership with Mastercard. Stables’ expansion into Europe is not merely a geographical leap; it’s a testament to the soaring demand for stablecoins globally.

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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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Finextra

APRIL 4, 2024

Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.

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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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Stablecoins Regulations Risk Mitigation Digital Currency 119

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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Finextra

SEPTEMBER 22, 2024

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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Finextra

MAY 18, 2024

On 4 April, Ripple announced its plan to launch its own stablecoin, next to XRP, pegged 1:1 to the.

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Finextra

NOVEMBER 18, 2024

Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR compliant, on Monday 18th November. Quantoz Payments B.V.

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Finextra

APRIL 25, 2024

After a six year hiatus, Stripe is returning to crypto, allowing merchants to accept stablecoins for online payments.

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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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Fintech News

NOVEMBER 5, 2024

The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain. Payments will be settled instantly in Singapore dollars via a regulated stablecoin, providing merchants with immediate local currency settlements.

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Finextra

NOVEMBER 1, 2024

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) - a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Paxos’s affiliate, Paxos Global Pte.

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Stablecoins Issuers Blockchain Regulations 59

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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Stablecoins Cross-Border Cross-Border Payments Blockchain 104

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

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Cross-Border Payments Cross-Border Stablecoins SWIFT 98

The Payments Association

SEPTEMBER 30, 2024

This phase is crucial for ensuring that the stablecoin meets the highest standards of security, efficiency, and reliability before it becomes widely available and after receiving regulatory approval. Ripple appreciates your patience and enthusiasm as it works towards making RLUSD a robust and reliable stablecoin for everyone.

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Stablecoins Cross-Border Payments Cross-Border Addressing 88

The Fintech Times

AUGUST 5, 2024

Ireland-based electronic money institution (EMI) DECTA is joining forces with France-based fintech Next Generation to launch a new Euro-pegged stablecoin, ‘EURT’ DECTA and Next Generation explained that EURT is fully compliant with MiCA requirements and will operate on the Stellar blockchain, as well as three other platforms.

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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

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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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.

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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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Stablecoins Acquirers Regulatory Compliance Central Bank 106

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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Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

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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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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Stablecoins Payment APIs and Integration Blockchain Treasury Management 96

The Paypers

SEPTEMBER 17, 2024

US-based Fireblocks has partnered with Chainlink to provide an end-to-end technology for financial institutions looking to issue and transact regulated stablecoins.

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Stablecoins Regulations Transactions Technology 80

Finextra

OCTOBER 17, 2024

Payment firm Stripe is reportedy in advance talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.

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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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The Fintech Times

MAY 30, 2024

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

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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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Stablecoins Regulations Multi-Currency Issuers 96

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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Finextra

OCTOBER 22, 2024

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1

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Finextra

JULY 18, 2024

Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.

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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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