Payments News

On The Web

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Systems

Crypto Firm Circle Plans Expansion With Asia HQ, Venture Arm

“Circle, the principal operator of the second-biggest stablecoin, sees potential growth with corporate balance sheets as it broadens its geographic footprint and product offerings. The Boston-based internet finance firm is establishing a regional headquarters in Singapore and has announced it’s investing in a Japanese yen stablecoin effort through the newly-established Circle Ventures.”
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Systems

Stablecoins are a compelling payment option, but they need to be regulated, Biden administration report says

“Stablecoins, a popular type of digital asset pegged to traditional currencies, could transform the way Americans pay for everything from cell phones and gasoline to haircuts and cups of coffee, according to a long-awaited report released by the Biden administration. When regulated, stablecoins could “support faster, more efficient, and more inclusive payments options,” said the […]
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Systems

U.S. Treasury to Issue ‘Stablecoin’ Report, Paving Way for New Rules

“A U.S. Treasury Department-led panel is set on Monday to release a hotly-awaited report on stablecoins, a fast-growing type of digital coin pegged to traditional currencies, according to an administration official with knowledge of the matter. The report by the President’s Working Group on Financial Markets will explore the risks and opportunities offered by stablecoins, […]
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Regulation

Stablecoins Added to Agenda of U.S. Financial Stability Watchdog

“Stablecoins have become official business of the Financial Stability Oversight Council, the U.S. uber regulator responsible for heading off dangers to the financial system. The FSOC is considering the cryptocurrencies at its next meeting, according to an agenda released Friday.  The group of financial regulators is set to hear “an update on the report on […]
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Systems

Anyone Seen Tether’s Billions?

“In July, Treasury Secretary Janet Yellen summoned the chair of the Federal Reserve, the head of the Securities and Exchange Commission, and six other top officials for a meeting to discuss Tether. The absurdity of the situation couldn’t have been lost on them: Inflation was spiking, a Covid surge threatened the economic recovery, and Yellen […]

On The Wires

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Systems

Circle Launches ‘Circle Impact’ to Improve Financial Inclusion, Digital Financial Literacy and Humanitarian Response Via Digital Currency

“Circle Internet Financial, LLC, a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes today announced the launch of Circle Impact. The initiative is dedicated to measurably improving three key areas of focus: financial inclusion, responsible financial service innovation, and supporting humanitarian efforts through the faster deployment of aid […]
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Systems

Voyager Digital Announces the Voyager Debit Mastercard®

“Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF ) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced the launch of the Voyager Debit Mastercard, the first crypto-based debit card that pays up to 9% annual rewards to Voyager customers, as well as additional rewards for Voyager […]
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Systems

Flutterwave Enables New Europe-Africa Payment Corridors Via Stellar

“The Stellar Development Foundation (SDF) announced that Flutterwave , a global payments technology company, has launched two new remittance corridors between Europe and Africa on the Stellar network. Working with TEMPO , Flutterwave is leveraging the Stellar network and Stellar USDC to simplify remittances in Africa.”