Binance’s reported plan to lead a new funding round for crypto payments infrastructure provider, Mesh, underscores how the world’s largest cryptocurrency exchange is looking beyond trading and deeper into the infrastructure powering stablecoin payments. According to reports, Binance is set to lead a funding round that values Mesh at up to $2 billion, roughly double the company’s $1 billion valuation following its $75 million Series C financing in January 2026. Neither Binance nor Mesh has officially confirmed the […]
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The Securities and Exchange Commission of Nigeria (SEC Nigeria) has cleared seven new entities for admission into its Accelerated Regulatory Incubation Programme (ARIP), reinforcing its commitment to fostering responsible innovation that deepens Nigeria’s capital market while safeguarding investor interests. The newly admitted entities are: Bitbarter Technologies Limited Luno Fintech Nigeria Limited GetEquity Limited Koinkoin Global Network Limited Wrapped CBDC Ltd Trovotech Ltd Blockvault Custodian Ltd These entities would receive the Commission’s Approval-in-Principle (AIP) permitting them to operate within the defined […]
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VISA is reportedly testing the use of stablecoins to settle cross-border mobile money transactions in the Democratic Republic of Congo (DRC) marking its latest effort to expand on-chain payments across Africa as demand grows for faster and cheaper international transfers. The payments company is reportedly running the pilot with pan-African payments provider, Onafriq, using stablecoins to settle mobile money wallet top-ups behind the scenes through its VISA Pay platform without changing the customer experience. LAUNCH | VISA Pay Launches […]
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A consortium of more than 140 companies spanning payments, banking and digital assets has launched Open USD (OUSD), a new dollar-backed stablecoin network designed to let businesses issue, move and integrate digital dollars while sharing in the economic benefits traditionally reserved for stablecoin issuers. The initiative, led by the Co-Founder of stablecoin infrastructure firm, Bridge, is backed by companies including: Stripe, Coinbase, Visa, MasterCard, BlackRock, Google, Ripple, and BNY and is governed by an independent non-profit organization called Open Standard. […]
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Nigeria’s regulated Naira stablecoin, cNGN, has recorded nearly $145 millionin cumulative trading volume across approximately 350,000 transactions, as of June 2026, since its launch in early 2025, but adoption among the country’s fintech sector remains limited as firms struggle to justify the cost of integrating another settlement asset according to several Nigerian fintech leaders. INTRODUCING | Africa’s First Regulated Stablecoin, the Nigerian Naira-Pegged Stablecoin, $cNGN, Goes Live on Local Nigerian Exchanges Seun Langele, a prominent Nigerian Web3 developer […]
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Asset management giant, Invesco, has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund designed for the rapidly expanding stablecoin reserve market marking the firm’s latest push into on-chain finance as Wall Street intensifies efforts to capitalize on digital asset infrastructure. The proposed Invesco Stablecoin Reserves Onchain Fund would issue fund shares directly on public blockchains while investing in cash, short-term U.S. Treasuries and overnight repurchase agreements backed by Treasuries, the types of […]
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Crypto custody and infrastructure provider, BitGo, has laid off nearly 15% of its workforce as the newly public company reallocates resources toward artificial intelligence, stablecoins, and institutional financial infrastructure, becoming the latest digital asset firm to cite AI as a driver of corporate restructuring. Chief Executive, Mike Belshe, described the cuts as a ‘one-time action,’ saying the company would focus investment on security, trading, settlement, stablecoins and AI-powered infrastructure as the digital asset industry evolves. Employees affected by the restructuring […]
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OpenPayd has secured a Markets in Crypto-Assets (MiCA) license positioning the European banking and payments infrastructure provider to capitalize on growing institutional demand for stablecoin services across the European Union. The license allows OpenPayd to offer regulated crypto-asset services throughout the EU under MiCA’s passporting framework enabling the company to expand its stablecoin settlement, fiat on- and off-ramp, and embedded banking offerings across the bloc. The approval comes as Europe’s crypto industry faces a July 1 2026 deadline to obtain […]
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The European Parliament’s Economic and Monetary Affairs Committee has approved the long-awaited digital Euro proposal moving the European Central Bank’s central bank digital currency (CBDC) project a step closer to reality. The initiative is designed to strengthen Europe’s payment sovereignty and reduce the region’s reliance on U.S.-based payment networks such as Visa and MasterCard. Lawmakers backed legislation that would allow the digital Euro to function as a public digital form of money, available for both online and offline payments across […]
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In a landmark move for the African digital economy, this strategic investment integrates Ripple’s USD-denominated stablecoin RLUSD, Ripple’s payments network and the XRP Ledger (XRPL) into Flutterwave’s payment infrastructure, creating an unstoppable, stablecoin-native financial superhighway that positions Nigeria and the broader continent at the forefront of global digital asset adoption. Flutterwave, Africa’s leading payments infrastructure company, today announces a strategic investment from Ripple, the leading provider of blockchain-based enterprise solutions for traditional and digital finance. This partnership marks the definitive […]
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When Flutterwave announced its vision of becoming Africa’s financial operating system, one partnership stood out: Ripple. The collaboration is more than another fintech alliance. It signals how blockchain infrastructure is increasingly being woven into traditional payment networks as providers race to make cross-border money movement faster, cheaper and more reliable. For Flutterwave, payments alone are no longer the end goal. The company wants to build the infrastructure layer businesses use to collect payments, manage treasury, access banking services and move […]
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