Digital currency stories
More than 90 North Dakota banks and credit unions could soon use a dollar-backed coin to speed interbank transfers through existing online banking channels.
Merchants and businesses in the US can now accept and settle stablecoin payments more easily as Citi and Coinbase link banking rails and crypto wallets.
Merchants could see faster access to funds as SoFi shifts its whole card programme, worth more than USD $25 billion a year, onchain.
Businesses handling cross-border payments will be able to move between fiat and stablecoins through one integration, cutting the need for multiple providers.
The approvals let businesses move stablecoins and euros across all 27 EU states without juggling separate local licences or banking set-ups.
The overhaul signals Remote's push to become a central platform for multinational payroll, as demand rises for simpler cross-border workforce administration.
Financial firms can now give AI agents governed access to Bloomberg data, with context that clarifies currency, pricing and timing.
Cash's resilience, privacy and local spending benefits in Germany were estimated at nearly three times the cost of keeping the system running.
The digital-asset payments firm is bolstering its leadership as it seeks to turn more than USD $50 billion in transactions into broader growth.
Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.
The seven-day test suggests stablecoins could cut cross-border settlement delays, with funds reaching Visa in under an hour, even over a weekend.
Victims and banks are facing a more industrialised scam model as the US watchdog estimates digital asset fraud has cost USD $17 billion.
Delayed overseas transfers are costing Asia Pacific firms money and loyalty, as most want near-instant payments but few get them.
Banks can now track tokenised deposits and stablecoins against backing funds even when core systems go offline.
Only 10% of lenders have stablecoins in production, as most still face regulatory and infrastructure hurdles, a RedCompass Labs survey found.
Inflation and currency weakness are pushing consumers in five emerging markets towards stablecoins, with 76% likely to use them for daily purchases.
Asia-Pacific businesses are likely to use several stablecoins in one payment flow, as cross-border transactions still face slow settlement and fragmentation.
A Lloyds poll of 100 senior UK financial leaders found 71% expect tokenisation to transform services, with faster settlement seen as the main gain.
Users on Monad could gain access to the first native Singapore dollar stablecoin, while StraitsX expands into payments and settlement use cases.
Canadian customers could gain faster, programmable payments as six major lenders test digital bank money within existing regulatory safeguards.