Visa has introduced a stablecoin platform for minting, moving and managing digital dollars. The Visa Stablecoin Platform is designed for financial institutions, fintech companies and payment providers looking to run stablecoin operations through a single Visa-managed environment. The platform will initially support Open USD, a stablecoin introduced by Open Standard. Clients will be able to [...] The post Visa Launches Platform for Institutions to Mint, Move and Manage Stablecoins appeared first on Fintech Singapore .
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Swift has made the initial phase of its blockchain-based ledger available for use, with banks preparing to pilot live transactions. The financial messaging network is enabling 17 global banks to pilot 24/7 cross-border payments using tokenised deposits through the new ledger. The shared ledger provides participating financial institutions with a secure orchestration layer. Banks can [...] The post Swift’s Blockchain Ledger Enters Pilot Phase with 17 Global Banks appeared first on Fintech Singapore .
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Nium has acquired Cypher as it pushes deeper into infrastructure for payments between fiat currencies and digital assets. The financial details were not disclosed. The Singapore-based cross-border payments firm said the deal adds crypto-native expertise to its stablecoin-backed issuing and global money movement infrastructure. Nium has been expanding its network to support stablecoin funding and [...] The post Nium Acquires Cypher to Bridge Fiat and Digital Asset Payments appeared first on Fintech Singapore .
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TP will provide 24/7 customer support for dtcpay as the Singapore payments firm expands its stablecoin-enabled services across APAC. The partnership will cover customer and merchant support in English and Mandarin across digital and voice channels. dtcpay is a regulated digital payments provider in Singapore. The company has been expanding its payment services for businesses [...] The post dtcpay Taps TP to Scale 24/7 Customer Support Across APAC appeared first on Fintech Singapore .
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Mastercard has opened the fourth edition of its Innovation Circuit in Singapore to examine how AI agents, digital identity and tokenisation could reshape payments. The programme, themed “Next Lap in Payments,” is being held at the Mastercard Experience Center in Singapore, its Asia Pacific innovation hub. It brings financial institutions, fintechs, merchants and other partners [...] The post Mastercard Launches Its Fourth Edition of Innovation Circuit in Singapore appeared first on Fintech Singapore .
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A consortium of over 100 partners, including Visa, Mastercard, and Stripe, has formed Open Standard to launch a new stablecoin named Open USD (OUSD). The digital asset will share its reserve income with participating businesses, as reported by The Block. Open Standard will allow businesses to mint and redeem the stablecoin without fees or volume [...] The post Visa and Stripe Join Over 100 Partners to Launch Open USD Stablecoin appeared first on Fintech Singapore .
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Xweave, a Singapore-based non-custodial payments infrastructure platform, announced that it is deploying Solana to bring stablecoin-powered settlement to institutional treasury operations across the Asia Pacific. The Xweave stablecoin settlement solution will integrate Solana’s settlement infrastructure directly into its payments platform. This would allow corporate treasurers, banks, and financial institutions to move capital across borders. Notably, [...] The post Xweave Taps Solana to Bring Stablecoin Settlement to APAC Treasury Teams appeared first on Fintech Singapore .
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