Canada’s six largest banks are jointly exploring tokenized Canadian-dollar deposits marking a major step by the country’s banking sector toward on-chain payments. Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank, and TD Bank Group said that the first phase will test the movement of tokenized deposits between Canadian financial institutions. The banks said the initiative could eventually connect with other digital-asset systems. EXPERT OPINION | ‘Tokenized Deposits Are Probably Going to Take Over from […]
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The European Central Bank (ECB) will invest a small portion of its own funds in tokenized securities as the central bank moves to gain direct experience with on-chain financial markets. The ECB said it had begun preparations for investments in Euro-denominated securities issued by euro area governments, agencies, and European supranational institutions. The purchases will be settled through Pontes, the Eurosystem’s new system for settling tokenized assets using central bank money. INTRODUCING | The European Central Bank (ECB) Launches […]
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The European Central Bank (ECB) has launched Pontes, a new settlement system that will allow wholesale transactions in tokenised financial assets to be settled using central bank money marking a major step in the Eurosystem’s plans to integrate distributed-ledger technology into European financial markets. Pontes is designed to provide banks and other market participants with access to risk-free central bank money when settling transactions involving assets recorded on-chain. The ECB said this was a key requirement identified during Eurosystem trials […]
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Singapore-based stablecoin payments firm, DTCPay, has completed a $25 million Series A funding round after Japan’s SBI Group joined as a strategic investor in a deal that highlights growing institutional backing for stablecoin payment infrastructure. SBI Group invested through its subsidiary SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund. Vertex Ventures Southeast Asia & India led the initial tranche announced in April 2026, with Genedant Capital, and existing investor Kwee Liong Tek also participating. The […]
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World, the digital identity and cryptocurrency project formerly known as WorldCoin, has launched World Money, a self-custodial financial app combining stablecoin payments, digital-asset trading, and rewards across more than 150 countries. The rollout began on September 17 2026 with features and eligibility varying by jurisdiction, World said. Users can hold supported digital assets, send stablecoins and other tokens to recipients using World usernames, trade assets through integrated exchanges, and deposit eligible assets into programs that generate rewards. World […]
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Public blockchains may record every transaction but that does not mean the resulting data provides a clean measure of economic activity, according to a new paper by researchers at the Bank for International Settlements (BIS) and De Nederlandsche Bank (DNB). The study, Hidden by complexity? Measuring stablecoin, crypto and decentralised finance ecosystems, argues that widely used measures such as transaction volumes, market capitalisation, and total value locked (TVL) can be heavily distorted by blockchain architecture, user behaviour, and the proliferation […]
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The Eurosystem has launched a call for expressions of interest inviting e-commerce and mobile commerce (m-commerce) merchants operating in the euro area to participate in its digital euro pilot. The call follows the selection of payment service providers (PSPs) that will take part in the pilot. The pilot will give selected merchants an opportunity to work with the European Central Bank (ECB) and euro area national central banks to test a simulated digital euro ecosystem and provide feedback that could […]
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As digital assets become part of everyday finance across Africa, Binance is setting out its commitment to compliance, security, and user protection. Who is Binance? Binance is the world’s largest platform for buying, selling and holding digital assets such as Bitcoin, Ethereum and stablecoins. Founded in 2017, Binance serves more than 320 million users across 100+ regions, including markets across Africa. Why Compliance Matters Digital assets move fast and across borders. That means the platforms holding them need […]
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MoneyGram has launched a VISA card that allows customers to spend stablecoin balances expanding the money-transfer company’s push into digital assets as traditional remittance firms and fintechs increasingly adopt stablecoin-based payments. “We’re giving customers more freedom and control to manage their money, all in one place,” said Anthony Soohoo, Chairman and CEO, MoneyGram. “The MoneyGram Card builds on the power of our global payments network, bringing a stable-dollar balance, everyday spending and cash access into the MoneyGram experience customers […]
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U.S. Bank has completed a live cross-border payment using USBDC, its proprietary U.S. dollar-backed stablecoin, marking a step toward using blockchain infrastructure for institutional money movement. The transaction moved funds between U.S. Bank entities in North America and Europe through the Stellar blockchain while remaining connected to the bank’s existing finance, risk, compliance, and operations systems. According to a statement from the bank: The pilot demonstrated the ability for U.S. Bank to transfer value value on-chain . . […]
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Jack Dorsey’s payments company, Block, has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, an uninsured national trust bank. The proposed bank would provide custody and related fiduciary services for digital assets, including bitcoin and stablecoins, under OCC supervision, Block said. Builders Bank would not accept deposits or issue loans. Block said the proposed charter would provide a national framework for its custody operations as the business expands. REALITY […]
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VISA has said stablecoin-linked card programs on its network have grown to more than 160 with payment volume on those programs rising nearly 200% year-on-year. Its stablecoin settlement volume has also surpassed a $20 billion annualized run rate representing more than 15x growth from a year earlier. The numbers highlight how VISA is increasingly moving beyond experimenting with blockchain to incorporating on-chain activity into its core payments infrastructure. “Stablecoins are not only changing how money moves, they’re creating opportunities to rethink […]
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Uzbekistan has launched a pilot project testing the use of the HUMO stablecoin for payments as the country expands its regulatory framework for digital assets. The National Agency of Perspective Projects (NAPP) and the Central Bank will oversee the pilot which will test the issuance, circulation, and redemption of HUMO, with each token pegged 1:1 to the Uzbek Som. STABLECOINS | Philippines Oldest Bank to Pilot Stablecoin Rail for Cross-Border Payments HUMO will be backed by government securities […]
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Switzerland has moved its Swiss Franc stablecoin project into a live testing phase bringing financial market operator, SIX, and payment app, TWINT, into the initiative. Nine Swiss companies are now testing CHFD, a Swiss Franc-denominated stablecoin, in a controlled sandbox environment. The project is led by UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT and Swiss Stablecoin AG. The tests will examine whether programmable payments can reduce fraud on online marketplaces, improve access to event tickets, and make public-sector […]
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Singapore’s financial regulator has proposed tougher rules for stablecoin issuers requiring them to hold reserves equal to at least 100% of tokens in circulation and barring issuers from paying interest or other returns to holders. The Monetary Authority of Singapore (MAS) said the proposed framework would require reserves to be segregated from issuers’ own funds and held with licensed financial institutions. Stablecoins would also have to be redeemable at par value. The approach reinforces Singapore’s view of regulated stablecoins primarily […]
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A consortium of 21 major financial institutions plans to establish a company in H2 2026 to issue a U.S. dollar-backed stablecoin marking one of the biggest collective moves by traditional finance into the digital-asset market. The group plans to launch the dollar stablecoin in the first half of 2027 initially targeting payments and digital-asset settlement. A euro-denominated token is expected to be the next priority, followed by stablecoins linked to other G7 currencies. INTRODUCING | UK Leading Fintech, Revolut, Launches […]
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Revolut has joined banks and payments firms developing stablecoins by launching EURR, a stablecoin pegged to the Euro. EURR will initially be available to eligible customers in Denmark, Poland and Portugal, with Revolut planning to expand it to other European Economic Area markets later in 2026. The token will be integrated into Revolut’s app allowing users to move between Euros and crypto on-chain. The company said EURR is the first step in a broader stablecoin strategy that will […]
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Standard Chartered Bank Hong Kong has become the first bank authorised to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, expanding the token’s rollout into conventional banking. The bank is initially working with eligible institutional clients on use cases including: tokenised fund settlement, treasury management, and cross-border payments. Standard Chartered plans to introduce HKDAP-based subscriptions and settlements for tokenised money-market funds with local and international asset managers in the fourth quarter, while also exploring intragroup settlements […]
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Stablecoin-focused neobank, Fasset, has reached a $1 billion valuation after raising $68 million in a Series C funding round led by Japan’s SBI Group, as the company accelerates its push into cross-border payments and settlement. The latest round brings Fasset’s total fundraising in 2026 to $119 million. The company said its revenue has grown six-fold as demand for stablecoin-based payments and settlement has expanded. MILESTONE | Stablecoin Transaction Volume in June 2026 Hits a New Record – […]
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Global payroll company, Deel, has expanded its DLUSD stablecoin wallet to more than 80 countries, extending a dollar-denominated payment and savings product across Latin America, Africa, the Middle East, and Asia-Pacific just weeks after its initial launch in Argentina. The expansion, announced on August 17 2026, comes about 11 weeks after Deel first introduced the wallet in Argentina. The United States, United Kingdom, European Union countries and Australia remain excluded. Deel, which processes about $22 billion in annual payroll, is […]
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