Digital currency stories
Banks that fail to modernise core systems may struggle to scale AI, cloud services and new payment rails, Temenos and Bain warn.
Clearer rules and lower fees are pushing banks and corporates to trial stablecoins for cross-border transfers and treasury management.
Backing from Tether comes as stablecoins pass USD $300 billion in circulation, underlining investor appetite for their payments infrastructure.
Banks modernising payments infrastructure are under pressure to balance speed, compliance and control as Icon expands in Asia and EMEA.
Backers say the move will give AI agents and apps a neutral, open payments standard for web transactions, with support from Amazon, Visa and others.
Businesses holding about USD $200 billion in stablecoins can now spend them through Visa and Mastercard cards via one Nium API.
High inflation and widespread digital payments have made the country a prime test bed for dollar-linked tokens, a DeCard index found.
Mastercard to acquire stablecoin platform BVNK in a deal worth up to USD $1.8 billion, deepening its push into on-chain payments.
PayPal widens access to its PYUSD stablecoin, rolling it out to accounts in 70 markets to speed up and cut the cost of cross-border payments.
Wise wins full Thai licences to launch cross-border wallets and cards, challenging banks in a USD $9.46 billion remittance market.
Ripple seeks to secure an Australian Financial Services Licence via BC Payments deal, aiming to scale regulated cross‑border payments in APAC.
Finteum hits USD $1bn in weekly intraday FX swaps as Goldman Sachs joins its liquidity platform and NatWest Group, UBS ramp up trading.
RobCo secures USD $100m in Series C funding to scale its Physical AI industrial robots across the US and Europe and deepen factory autonomy.
Access to a regulated Australian-dollar token widens as OKX Australia adds AUDM, targeting faster payments and settlement for users.
Businesses warn delays could push stablecoin activity overseas, as a coalition presses ministers and regulators for clearer UK rules and tax treatment.
Banks could cut settlement delays and treasury friction as Deloitte Canada and Stablecorp prepare QCAD stablecoin rails for regulated use.
Ripple joins Singapore's BLOOM pilot, using RLUSD and the XRP Ledger to automate cross-border trade payments on shipment verification.
OVHcloud has joined the ECB's digital euro cloud programme, providing EU-based infrastructure to support secure payment data exchange.
Experts say the Stablecoin Act may be the right chance for Canada to catch up in the evolution of Web3 infrastructure.
Money has overtaken health, time and relationships as the main driver of life satisfaction in the UK, new research from Intuit shows.