Quick Breakdown China’s central bank opened a digital yuan operations centre in Shanghai, focused on cross-border payments and blockchain services. The move aligns with China’s push to internationalize the yuan and reduce reliance on the U.S. dollar. Hong Kong’s...
Quick Breakdown Sui partners with t’order to launch KRW stablecoin payments across Korea’s retail market. Nationwide rollout promises ultra-low fees, saving small businesses nearly $100 million annually. Integration of QR code and facial recognition technology enables fast, secure onchain...
Quick Breakdown: Solstice partners with Chainlink, Ceffu, Copper, and Arcanum to power the upcoming USX stablecoin ecosystem. Chainlink offers cross-chain interoperability, data streams, and a planned Proof of Reserve for secure and transparent operations. Ceffu, Copper, and Arcanum strengthen...
Quick Breakdown: MetaComp report uncovers a $6.2 trillion opportunity gap in SME cross-border payments. Stablecoins are highlighted as a practical solution for faster, cheaper global settlements. Settlement delays cost SMEs up to 2.1% of transaction value per day. Singapore-based...
Quick Breakdown: Ripple and Securitize have announced a collaboration to bring Ripple’s rLUSD stablecoin to major institutional investors BlackRock and VanEck. This development will integrate rLUSD into tokenized funds, improving liquidity and accessibility for traditional finance players in the...
Quick Breakdown Stablecoins handle tens of billions daily, especially in cross-border payments, and are becoming central to global finance. Banks that adopt stablecoins can capture transactional volume, deepen client relationships, and stay competitive. Joining a regulated stablecoin network offers...
Quick Breakdown The CFTC plans to allow stablecoins, like USDC and USDT, as collateral in U.S. derivatives markets, with feedback open until October 20. Crypto leaders from Circle, Tether, Ripple, Coinbase, and Crypto.com strongly endorsed the initiative, calling it...
Quick Breakdown: Coinbase to list XSGD stablecoin on Sept 30 at 3 a.m. Singapore time for users in Singapore and worldwide XSGD is fully backed 1:1 by reserves with DBS Bank and Standard Chartered and meets Singapore’s upcoming Single...
Quick Breakdown: Rise integrates USDC for near-instant global payroll settlements. Stablecoin adoption cuts cross-border payment costs by 40%. Over 53% of users now opt for stablecoin withdrawals, enhancing efficiency and transparency. Circle and Rise have partnered to redefine cross-border...
Quick Breakdown Jamie Dimon warns persistent inflation could stall Fed’s plans for more rate cuts. Markets expect two more cuts in 2025 despite inflation sitting above target. Dimon dismisses stablecoins as a systemic threat but says banks should monitor...
