South Africa’s National Treasury and the South African Reserve Bank (SARB) have published a draft rule that, for the first time, sets …
crossborder
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Markets
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
by shayaanby shayaanTwenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement. www.coindesk.com
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Markets
Japan's SBI Group is building Asia's first cross-border digital asset empire
by shayaanby shayaanThe securities giant announced today the consolidation of Singapore-based Coinhako as part of a rapid regional expansion that includes a tokenization partnership …
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Regulation
US and UK set common stablecoin rules, opening a clearer cross-border lane for crypto issuers
by shayaanby shayaanThe United States (US) and the United Kingdom (UK) are making progress on the regulation of stablecoins, marking attempts to facilitate stablecoin …
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Adoption
UK And US Forge Stablecoin Regulatory Bridge For Cross-Border Payments
by shayaanby shayaanStablecoin regulation has been a fragmented affair across jurisdictions. That might finally be changing after the UK and US governments released a …
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Finance
Daya raises $2.4 million from Aptos and others to power African cross-border payments
by shayaanby shayaanAfrican businesses are going global. The financial infrastructure helping them get there has not kept up, until now. Daya, a stablecoin-native payments …
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Adoption
Blockchain.com Targets Brazil’s Institutional Market With Cross-Border Payments Infrastructure
by shayaanby shayaanThe move by Blockchain.com to build a dedicated institutional payments corridor into Brazil is not simply a new office opening. It arrives …
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Finance
71% of Latam Institutions Are Now Using Stablecoins for Cross-Border Payments, Report Finds
by shayaanby shayaanLatam Institutions Lead in Crypto Adoption Globally While stablecoins are now being adopted widely around the world due to their dollar-proxy traits, …
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Finance
Trace Finance raises $32M for cross-border stablecoin settlement expansion
by shayaanby shayaanStablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump …
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MassPay has partnered with Coinbase to integrate stablecoin funding and settlement into its cross-border payout network, giving enterprise customers access to USDC-based …