Tag: Stablecoin

Bybit Lists Western Union’s USDPT Stablecoin Amid Payments Push

boss

Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time. The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged stablecoin, is now available on Bybit for holding, trading and transfers. The integration expands USDPT beyond payments and into crypto trading while increasing the range of dollar-denominated stablecoins available to Bybit users. Bybit said it is the first major cryptocurrency exchange to support USDPT. Source: Western Union Western Union…

$1 Trillion Payments Giant Visa Tests Private Stablecoin Settlement for Institutions – Bitcoin News

boss

Key Takeaways Visa and Brale launched a 2026 SBC stablecoin settlement proof of concept. Canton Network privacy features target institutional payment and compliance needs. Visa, active in stablecoins since 2021, is evaluating additional settlement options. Visa Expands Stablecoin Strategy The collaboration centers on SBC, a U.S. dollar-backed stablecoin issued by Brale, and will examine whether privacy-enabled blockchain infrastructure can support faster and more programmable settlement while helping institutions protect sensitive transaction data. Visa said the initiative reflects growing interest among financial institutions in using stablecoins for settlement without sacrificing privacy,…

Revolut Eyes Stablecoin Services Through Future US Bank

boss

Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy. Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, which would allow the company…

Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including The XRP Ledger

boss

Mastercard said Wednesday it plans to open its global card-settlement network to regulated stablecoins, a move designed to let card issuers and acquirers clear card transactions directly on-chain.  The company says the service will operate across eight different blockchains, extending on what it describes as “real-world utility” for digital assets. Alongside the expanded on-chain settlement approach, Mastercard also plans to introduce intraday, weekend, and holiday settlement cycles. Mastercard Moves Toward On-Chain Settlement In its announcement, Mastercard said the stablecoins include Tether’s rival, Circle, and its USDC stablecoin, which Mastercard noted…

Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments – Bitcoin News

boss

Key Takeaways Visa, Mastercard, and Stripe are reportedly backing a new joint stablecoin platform, per a June 3 Coindesk report. Visa’s stablecoin settlement pilot has reached $7B in annualized volume, with cards live in 18 countries and expanding to 100-plus by end of 2026. Mastercard’s $1.8B BVNK deal and six new USDC, RLUSD, and PYUSD settlement partners signal accelerating infrastructure investment in H1 2026. Payments Giants Eye Shared Stablecoin Infrastructure The platform, which has not been officially announced and carries no confirmed name, would bring together the three payments companies…

Mastercard Opens Stablecoin Settlement to 6 Partners Across USDC, RLUSD and PYUSD – Bitcoin News

boss

Key Takeaways Mastercard adds USDC, RLUSD, PYUSD, and three other stablecoins to its global card settlement network across 8 blockchains. ARQ, Cross River, Lead Bank, Nuvei, and CBW Bank are the first to activate stablecoin settlement in the U.S. and Latin America. Rollout expands through 2026, with additional regions, partners, and regulated stablecoins expected on the Mastercard network. What Mastercard Is Enabling The payments giant announced plans to support onchain card settlement using stablecoins alongside existing fiat processes. Partners will be able to settle transactions through the same global infrastructure…

Mastercard Adds Stablecoin Settlement for Card Transactions

boss

Mastercard announced its plans to expand its settlement capabilities to let issuers and acquirers settle some card transactions using regulated stablecoins.  On Wednesday, Mastercard said the new capabilities will include intraday, weekend and holiday card settlement, supporting both fiat currencies and onchain settlement through regulated stablecoins. The company said the new options are designed to give its partners more flexibility in managing settlement liquidity and timing.  The expansion shows stablecoins moving deeper into mainstream financial infrastructure as major payments networks test tokenized dollars for settlement. It follows Mastercard securing a…

UK Lords Warn BoE on Strict GBP Stablecoin Rules

boss

The United Kingdom should press ahead with stablecoin regulation but avoid rules that make a pound sterling stablecoin market commercially unworkable, a House of Lords committee warned in a report released Wednesday. The cross-party Financial Services Regulation Committee said the UK was “lagging behind” the United States and the European Union and that the absence of a clear regime has “suppressed stablecoin development and investment in the UK,” despite the growth of global US dollar-pegged tokens such as USDt (USDT) and USDC (USDC). While backing much of the Bank of…

Coinbase Backs IQMM ETF as Stablecoin Rules Take Shape

boss

Crypto exchange Coinbase has invested in ProShares’ stablecoin-focused money market fund, betting that demand for stablecoin reserve-management products will grow as the recently enacted GENIUS Act formalizes the types of assets that can back US dollar-pegged tokens. Coinbase (COIN) announced Tuesday that it made an undisclosed investment in the ProShares GENIUS Money Market ETF (IQMM), which is designed to hold assets that qualify as reserves for payment stablecoins under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act requires stablecoin issuers to back their tokens…

Movement Gains Access to US, Canada, EU Payment Rails Amid Stablecoin Push

boss

Movement, the Move-based blockchain network that has expanded into stablecoin payments and financial infrastructure, said it has gained access to licensed payment rails across the US, Canada and the EU, a move aimed at strengthening its cross-border payment offerings in emerging markets. In a Tuesday announcement, Movement said it plans to use the payment infrastructure to connect traditional banking systems with stablecoin settlement networks, targeting cross-border transfers and treasury services in regions where payment costs remain high and financial access is limited. Movement did not identify the partners or regulated…