Tether Announces $20M Investment in Mercado Bitcoin
Tether announced a $20 million investment in Mercado Bitcoin, with the Brazilian platform planning to expand payments, tokenization and credit infrastructure.
Category: Banking Integration
Standard Chartered Opens Bank-Led USDC Minting and Redemption
Standard Chartered launched integrated USDC minting and redemption for eligible institutional clients through its DIFC operations, in partnership with Circle.
BNY Adds USDC Mint-and-Burn Services to Institutional Custody
BNY is adding USDC custody, transfers, minting and redemption through an expanded Circle relationship, linking bank cash and stablecoin operations.
JPMorgan Adds Five Asia-Pacific Currencies to Kinexys Settlement Network
JPMorgan expanded Kinexys Blockchain Deposit Accounts to eight currencies, extending its bank-deposit settlement network across five Asia-Pacific markets.
India and Seychelles Sign UPI Deployment Agreement
India and Seychelles signed an agreement to deploy UPI infrastructure, opening a new implementation track for account-based digital payments.
Trace Finance Raises $32M to Expand Cross-Border Settlement Infrastructure
Trace Finance has raised a $32 million Series A led by CoinFund to expand its regulated cross-border payments, FX and settlement infrastructure.
State Street Targets Stablecoin Reserves With New Money Market Fund
State Street has introduced a government money market fund for stablecoin reserve managers, with Anchorage Digital and State Street Bank among its initial investors.