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Brex has launched a new stablecoin payment platform to meet growing demand in the fintech sector. The platform aims to streamline transactions and enhance payment efficiency for businesses relying on digital currencies. This move positions Brex at the forefront of the evolving financial technology landscape.
Visa has participated in a $4.9 million Seed funding round for HoneyCoin, a stablecoin-compatible payment platform. HoneyCoin, which allows real-time payments and operates across over 45 markets, seeks to expand its team and enhance its services with the new capital. CEO David Nandwa envisions transforming financial infrastructure akin to Apple's impact on computing and Visa's on commerce.
Visa has noted a modest increase in stablecoin adoption, highlighting the need for clear regulations in the sector. The company emphasizes the importance of regulatory clarity to foster growth and innovation in the use of stablecoins for payments.
Brex has announced the launch of its new stablecoin payment system, allowing businesses to make transactions using cryptocurrency. This innovation aims to simplify payment processes and enhance financial operations for companies utilizing the Brex platform. The stablecoin will provide a more stable and secure alternative to traditional cryptocurrencies for commercial transactions.
Stripe has launched subscription capabilities for stablecoin payments, allowing businesses to accept crypto payments that settle directly in fiat. This new feature aims to streamline cross-border transactions and reduce costs for companies, particularly in the AI sector, by integrating stablecoin payments into their existing subscription models. Initially available in private preview for US-based businesses, it supports payments made in USDC over the Base and Polygon blockchains.
Coinbase is eliminating fees for purchases of PayPal's stablecoin, PayPal USD (PYUSD), to boost its adoption and usage among consumers and institutions. The collaboration aims to create stablecoin-based solutions for global money management, as competition in the stablecoin market intensifies with legislative developments and new product launches from companies like Circle and Ripple.
Stripe has enhanced its payment platform by adding support for stablecoin subscription payments, allowing US-based businesses to process recurring transactions using digital assets like USDC. This feature, powered by a smart contract system, streamlines the payment process and addresses limitations associated with manual transaction approvals, ultimately reducing costs and improving efficiency for companies, especially in the AI sector.
Stablecoin usage for payments has surged by 70% since new U.S. regulations were implemented, indicating a significant shift in the cryptocurrency landscape. This increase reflects growing consumer confidence and adoption as businesses adapt to the regulatory environment.
Brex has announced the launch of stablecoin payments, allowing businesses to transact using cryptocurrency in a more stable manner. This initiative aims to enhance financial flexibility and streamline payment processes for users. The move reflects Brex's commitment to integrating innovative payment solutions into its offerings.
Visa and Stripe have announced a partnership aimed at simplifying the integration of stablecoin payments into card transactions. This collaboration seeks to enhance the usability of stablecoin-based cards, potentially broadening their adoption in everyday transactions. As digital currencies gain traction, this initiative represents a significant step in bridging traditional finance with cryptocurrency solutions.
Fireblocks has unveiled a stablecoin payments network aimed at assisting crypto and financial firms in the movement and utilization of USD-pegged tokens. With over 40 participants including Circle and Yellow Card, the network is poised to capitalize on the expected growth of the stablecoin market. This initiative aims to streamline payment processes and enhance infrastructure for traditional financial institutions exploring their own stablecoin solutions.
Circle is launching a new payments and cross-border remittance network from its headquarters at One World Trade Center, aiming to compete with major players like Mastercard and Visa. The initiative will primarily target banks, fintechs, and remittance providers, leveraging the growing adoption of stablecoins like USDC to disrupt global money transfers. CEO Jeremy Allaire will present the vision for this new product at the launch event.
Crossmint has partnered with MoneyGram to launch a stablecoin-powered cross-border payment service, starting in Colombia. This collaboration enables users to send, store, and spend U.S. dollar-denominated funds instantly and securely, revolutionizing MoneyGram's traditional remittance model and providing a more efficient and compliant payment solution.
Cloudflare is set to launch NET Dollar, a U.S. dollar-backed stablecoin aimed at facilitating instant and secure transactions for the evolving agentic web. This innovation seeks to modernize the Internet's financial infrastructure, enabling automated transactions and supporting a new business model that rewards originality and creativity in an AI-driven environment.
PayPal is set to expand the utility of its stablecoin, PYUSD, by integrating it into the Stellar blockchain network, pending regulatory approval. This integration aims to enhance fast and affordable payments, remittances, and access to financing for small and medium-sized businesses through the use of PYUSD.
Stripe is creating a stablecoin-based product targeting customers outside the US, EU, and UK, utilizing technology from its recent $1.1 billion acquisition of Bridge. The product is in the testing phase, with Stripe seeking customer feedback on its features and functionality.
Coinbase has launched a new platform that allows businesses to easily accept stablecoin payments, aiming to simplify cryptocurrency transactions for merchants. The initiative is part of Coinbase's ongoing efforts to expand its services and cater to the growing demand for crypto payment solutions in the business sector.
Ripple is set to acquire stablecoin payments firm Rail for $200 million to enhance its RLUSD stablecoin offerings. The Toronto-based company provides virtual accounts and automated systems, allowing seamless digital asset transactions, and the deal is expected to close in the fourth quarter of this year. With this acquisition, Ripple aims to strengthen its position in the expanding stablecoin ecosystem.