UK and US align stablecoin rules for cross-border market access
The United Kingdom and United States have agreed to pursue closer coordination on stablecoin regulation, cross-border payments and tokenized financial markets. Summary UK and US...
Tag : CrossBorder
Trace Finance raises $32M for cross-border stablecoin settlement expansion
Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos...
China pays closer attention to stablecoins as cross-border role expands
China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system...
China’s central bank is closely monitoring stablecoins in cross-border payments
The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the...
JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger
Wall Street bank JPMorgan and credit card giant Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working...
Brazil shuts crypto out of its official cross‑border payment pipes
Brazil’s central bank has barred crypto from settlement inside regulated eFX payment rails, forcing banks and fintechs back to fiat-only channels for cross‑border flows. Summary...
Brazil bars crypto settlement in regulated cross-border payment rails
Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules...
South Korean Bank Partnered With Ripple for Cross-Border Payments: Is XRP About to Get Its Biggest Banking Endorsement Yet?
South Korea just handed Ripple XRP its biggest institutional endorsement in months. Whether the market has priced that in yet is the question traders need...