US and UK Set Shared Direction for Cross-Border Stablecoin Rules
A joint policy statement backs one-to-one reserves, protected redemption rights and pathways for regulated stablecoins to reach both markets.
Tag: cross-border payments
JCB and Circle to Explore USDC Treasury and Merchant Payments
The Japanese card network and Circle will study USDC-based internal fund transfers and merchant payments, but have not announced a commercial launch.
Swift Readies Blockchain Ledger for 17-Bank Payments Pilot
Swift says its shared ledger is ready for initial use, with 17 banks preparing live pilots of 24/7 cross-border payments using tokenized deposits.
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.
BIS Sets Two-Track Agenda for Stablecoin Risks and Tokenised Money
The Bank for International Settlements has called for coordinated stablecoin safeguards alongside development of tokenised central and commercial bank money.
Egyptian Banks Adopt ISO 20022 for Interbank Transfers
Egypt’s banking sector has adopted ISO 20022 for SWIFT interbank transfer messages, upgrading the country’s RTGS infrastructure and payment data.
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.
Flutterwave Plans RLUSD Payment-Rail Integration After Ripple Investment
Ripple joined Flutterwave’s Series E as the companies outlined plans to add RLUSD settlement and XRP Ledger clearing to African payment flows.
India and France Set Next Phase of UPI Acceptance Expansion
India and France placed wider UPI acceptance on their bilateral agenda, with airport availability planned for Paris and Nice.