Mon, Oct 56 items
0 of 6 readStripe plans to expand its stablecoin cards to more than 100 countries by year-end, while U.S. regulators moved on crypto rules from two directions — the CFTC proposing a retail framework and FinCEN withdrawing two older proposals.
Stripe to expand stablecoin cards to over 100 countries by year-end
Stripe plans to extend its stablecoin cards business to more than 100 countries by the end of the year, according to new crypto head Henri Stern, and is exploring tokenized deposits and DeFi use cases.
Why it mattersA global rollout by a major payments processor would push stablecoin-linked card payments into mainstream merchant and consumer channels.
CFTC proposes rules for retail crypto transactions, seeks comment
The CFTC proposed a regulatory framework for retail transactions in crypto assets and opened it to public comment, joining the SEC in proposing crypto rules while a spot-market gap remains.
Why it mattersClearer federal rules shape where crypto exchanges and payment firms can operate and what compliance costs they face.
FinCEN withdraws two proposed crypto reporting rules
FinCEN withdrew two years-old proposals that would have imposed requirements on financial institutions handling convertible digital assets, citing public comments warning of a chilling effect.
Why it mattersRemoving the proposals eases compliance uncertainty for banks and fintechs handling digital assets, but leaves reporting expectations unsettled.
Payward and Singapore Gulf Bank launch 24/7 crypto settlement
Kraken operator Payward and Singapore Gulf Bank are rolling out a digital asset settlement service for select institutional clients in Asia and the Gulf, offering round-the-clock U.S. dollar settlement.
Why it mattersRound-the-clock institutional settlement infrastructure could pull more traditional trading volume onto crypto rails.
Tokenized U.S. stocks venue to trade against stablecoins 24/7
A planned 24/7 venue will offer dozens of tokenized U.S. stocks, including Nvidia and Tesla, with trades conducted against stablecoins through blockchain-based liquidity pools rather than an order book.
Why it mattersIf it works, tokenized equity trading could pressure traditional market hours and settlement models.
Basware acquires payment fraud prevention platform Trustpair
Invoice lifecycle management firm Basware acquired payment fraud prevention platform Trustpair. Financial terms were not disclosed.
Why it mattersConsolidation in payment fraud prevention reflects rising corporate demand for controls as payment volumes and channels multiply.