PhotonPay Raises $40 Million in Series C Round Led by Blockchain Capital
PhotonPay has secured $40 million in a new funding round as it looks to expand its payment infrastructure for businesses.
Stablecoin
ECB Selects Two Network Providers to Connect Institutions to the Digital Euro Platform
The European Central Bank has selected two groups of network service providers to connect payment service providers and national central banks to the digital euro service platform.
Stripe Adds Free Instant Transfers Between Businesses via Profile Handles
Stripe has launched a plug-in enabling free instant transfers between businesses using Stripe profile handles.
HSBC HKD-Pegged Stablecoin Now Live on PayMe App
HSBC RedCoin (RCHKD) is 100%-backed by liquid assets held in segregated accounts.
Micro Rewards Have Outgrown the Payment Rails That They Run On
“The rewards industry has built impressive infrastructure at the catalogue, delivery and programme-design layers. But the weak link is the settlement layer underneath, and the shift to micro rewards has exposed it,” claims Derek Corcoran, CEO of Confirmo Limited (Europe)
OCC Finalizes Stablecoin Rules for GENIUS Act
Stablecoin issuers will enjoy some rule flexibility, but stablecoin yield question still hangs in the air.
WalletConnect Pay Becomes Available in South Africa via Ezeebit
WalletConnect Pay, a payment infrastructure for crypto and stablecoin transactions, is now available to merchants in South Africa through Ezeebit
Mesh and Visa to Enable Crypto and Stablecoin Payments Directly from Wallets Across Visa’s Network
An agreement between Mesh and Visa will allow digital wallet holders to pay with cryptocurrency and stablecoins directly from their balances, both in physical stores and online, wherever Visa is accepted.
Investing Without Interest? USDT-Powered Halal Investment
Interest sits at the center of most modern finance. Banks charge it. Lenders price it. Credit cards survive on it. Even many investment products quietly depend on it somewhere inside the structure. Most people accept that system because they rarely see another option.
Mastercard Launches Stablecoin Security to Address Risks in Payments
Mastercard introduced a new risk intelligence solution called Stablecoin Security. Borderless.xyz and Keyrails are the initial partners.
Thunes and Coinbase Partner on Unified Digital Asset Infrastructure
Thunes and Coinbase have announced a strategic collaboration. The alliance combines Thunes’ global fiat payout infrastructure with Coinbase’s advanced stablecoin infrastructure.
JPMorgan Launches JPM Coin on Ethereum Mainnet
As of October 19, JPMoragan’s institutional clients will be able to make transfers of JPM Coin (JPMD) on Ethereum’s main blockchain.
WeFi CEO: Stablecoins Need Clear Economic Justification to Scale
PaySpace Magazine Global has spoken to Maksym Sakharov, Co-Founder and Group CEO of WeFi, a fintech and Web3 company building towards decentralised on-chain banking future, about the challenges crypto providers face in current legal ambiguity circumstances and factors that slow down institutional adoption of stablecoins.
Checker Partners With MoneyGram to Support Treasury and FX Operations Using Stablecoins
Checker has announced a partnership with MoneyGram, one of the world’s largest cross-border payment networks.
Tether Invests in Platforms for AI-Agent Payments and Cross-Border Transfers
Tether Capital has made two strategic moves to expand stablecoin-based infrastructure.
Visa Direct Moves Stablecoin Payments From Pilots Into Commercial Production
Visa has announced that Visa Direct’s stablecoin capabilities are advancing from the pilot stage into full commercial deployment.
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