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Banking sector transformation: 21 major financial institutions plan stablecoin company launch in 2027
Goldman Sachs, Citi, Bank of America and 18 other major financial institutions are planning to establish a stablecoin company in 2027, backed by G20 support. This marks a historic shift of traditional banking into the digital assets world.
Read articleMVB and Velocity integrate stablecoin into Visa Direct network: A new era for cross-border payments
MVB Financial and Velocity announced a pilot integrating stablecoin settlement directly into the Visa Direct network, enabling USDC-powered push-to-card payouts. This marks a significant step in bridging crypto rails with traditional payment systems.
Read articleBlock applies for National Trust Bank Charter, paving the way for Bitcoin and stablecoin integration
Block, the parent company of Square and Cash App led by Jack Dorsey, is applying for a National Trust Bank Charter from the OCC, allowing it to custody Bitcoin and stablecoins directly within the banking system.
Read articleCircle acquires Tazapay for $400 million, expanding cross-border payments
Circle, the issuer of USDC stablecoin, has agreed to acquire Tazapay, a Singapore-based cross-border payments platform, for $400 million. This marks a major step in integrating stablecoins into global payment infrastructure.
Read articleDiameter Pay raises $10 million to expand stablecoin payment infrastructure
Diameter Pay raises $10M to build global stablecoin payment infrastructure for enterprises, connecting businesses with decentralized finance systems.
Read articleKB Kookmin Bank partners with JP Morgan to implement blockchain-based international trade payments
KB Kookmin Bank collaborates with JP Morgan to use blockchain for international trade payment processing, marking a major milestone in DLT adoption in South Korea.
Read articleSaijo City (Japan) signs partnership agreement with M&C Holdings to deploy City Whisper - First GPS-powered multilingual tourism guide app
Saijo City in Ehime Prefecture partners with M&C Holdings to deploy City Whisper - a GPS-powered audio guide service for foreign tourists, marking Japan's first city-wide pilot project.
Read articleIllinois expands regulatory reach with sweeping BNPL licensing law
Illinois becomes the latest state to tighten Buy Now Pay Later regulations, requiring licensing and stricter compliance, signaling a trend of regulatory tightening across the United States.
Read articlePayment networks hold the key to stablecoin scale
Traditional payment networks like Visa and Mastercard are playing a crucial role in bringing stablecoins into the mainstream, connecting the crypto world with the existing financial system.
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