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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Stablecoins Interoperability Volume Blockchain 52

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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Stablecoins 145

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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Stablecoins Returns Payments 128

The Paypers

AUGUST 19, 2024

Worldwide Stablecoin Payment Network (WSPN) has secured USD 30 million in seed funding to to redefine the future of digital payments with Stablecoin 2.0.

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Stablecoins Payment Networks Digital Payments Security 87

Finextra

AUGUST 27, 2024

Banking Circle has launched a new MiCA-compliant stablecoin into the European market.

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Stablecoins 83

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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Stablecoins Use Case Blockchain Regulatory Compliance 95

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 87

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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Stablecoins Security Cross-Border Settlement 85

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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Stablecoins Regulations Audit Issuers 90

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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Stablecoins PayPal Consumer Digital Currency 111

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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Stablecoins Issuers Regulations 69

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 91

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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Stablecoins Regulations Treasury Authorization 88

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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Stablecoins PayPal Blockchain Venmo 119

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 82

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.

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Stablecoins Research Digital Currency 88

Finextra

JULY 31, 2024

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their backing assets.

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Stablecoins Near Real-Time Innovation 86

Finextra

JULY 22, 2024

Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.

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Stablecoins Visa Payments 91

Finextra

APRIL 25, 2024

Visa has teamed up with blockchain data provider Allium Labs to build a dashboard that helps people make sense of stablecoin activity.

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Stablecoins Blockchain 118

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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Stablecoins Digital Currency Blockchain On-Demand 116

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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Stablecoins Volume Accreditation Cash Management 86

Finextra

MAY 29, 2024

Today, Fintech company Stable.com announced the launch of USD3, its 1:1 backed stablecoin, declaring its determination to disrupt the current stablecoin landscape and bring serious competition to existing industry players.

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Stablecoins Payments FinTech 59

Finextra

JANUARY 29, 2024

PayPal has used its own stablecoin to invest around $5 million in Mesh, an embedded finance startup for crypto payments.

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Stablecoins PayPal Embedded Finance Finance 123

Finextra

AUGUST 19, 2024

WSPN (Worldwide Stablecoin Payment Network), a leading provider of next-generation stablecoin infrastructure, has raised US$30 million in Seed funding round.

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Stablecoins Security Payment Networks Participant 52

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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Stablecoins Blockchain Use Case On-Demand 64

Finextra

MAY 29, 2024

PayPal's PYUSD is now available on the Solana blockchain in a move that the company says will make its stablecoin faster and cheaper to use.

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Stablecoins PayPal Blockchain 80

Finextra

JULY 29, 2024

The Swiss Financial Market Supervisory Authority FINMA today published guidance on the issuance of stablecoins.

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Stablecoins Authorization 64

Finextra

APRIL 5, 2024

ZA Bank has launched banking services for stablecoin issuers, in part of their ‘Banking for Web3’ initiative.

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Stablecoins Issuers 110

Payments Dive

SEPTEMBER 19, 2022

The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.

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Stablecoins Digital Payments Payments 131

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

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Stablecoins Audit Consumer Protection Service Provider 88

Payments Dive

SEPTEMBER 11, 2023

The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

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Stablecoins PayPal Regulations Digital Payments 104

Finextra

AUGUST 15, 2024

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

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Stablecoins Technology Payments 64

Finextra

JULY 2, 2024

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

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Stablecoins Cash Management Authorization Digital Payments 64

Finextra

AUGUST 5, 2024

French startup Next Generation has revived a euro-pegged stablecoin, EURT, that was suspended in 2017 due to a lack of regulatory frameworks.

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Stablecoins 64

Finextra

JULY 31, 2024

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.

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Stablecoins Near Real-Time Innovation 59

Finextra

SEPTEMBER 5, 2024

Stablecoins have emerged as a key component in the digital asset ecosystem, offering a bridge betwee.

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Stablecoins Issuers Regulations Finance 52

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.

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Stablecoins Fed Central Bank Digital Currency 114