Payments

Around the world, stablecoins are coming under a fairly consistent and convergent regulatory regime. They must be backed by real, high-quality assets, are subject to regular audits, and issuers are prohibited from paying interest …

Tempo, a blockchain for stablecoin payment processing, just concluded a $500 million fundraising round. With TradFi support, this Stripe subsidiary could soon become a major player in the sector. Although analysts wondered if Tempo …

U.S.-listed cryptocurrency exchange Coinbase (COIN) is introducing a platform for stablecoin payments to enable businesses to send and receive USDC, the company said on Thursday. Named simply “Coinbase Business,” the new set of tools …

Stablecoins are emerging as one of the clearest near-term use cases for transforming cross-border payments, according to a report last month from accountancy firm KPMG. Banks currently rely on a correspondent banking network that …

Stablecoins are poised to reshape the global financial system, with investment banking firm William Blair calling them a “major technology upgrade” over the traditional rails that have long underpinned cross-border money movement. The Chicago, …

Key Notes Smart contracts enable wallet authorization for automatic recurring debits, eliminating manual transaction approvals for each payment cycle. Bridge subsidiary applies for OCC national bank trust charter, joining Circle, Ripple and Paxos in …