Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
Blockchains won’t replace the traditional rails but will be integrated and work in tandem, the bank said in the report. What to know: Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY. The financial […]
Crypto prices were down sizably on Tuesday but bounced off of their worst levels. What to know: Crypto markets posted big declines on Tuesday, but signs of relief from the Federal Reserve helped prices bounce off their worst levels. A late day Truth Social post from President Trump reminded bulls […]
Most of the capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury What to know: Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on, the gold-backed tokens of stablecoin giant Tether. The […]
The Fiserv-powered U.S. dollar stablecoin will be available to local banks and credit unions, joining crypto experiments by U.S. states. What to know: The U.S. state of North Dakota is joining the stablecoin trend, with state-owned Bank of North Dakota teaming up with payments infrastructure giant Fiserv (FI) to launch a U.S. […]
The company that underpins the global financial messaging system is building infrastructure for onchain settlement as it seeks a role in blockchain-based finance. What to know: SWIFT, the backbone of the global financial messaging system, is taking a step toward becoming a full-fledged blockchain infrastructure provider. This week, the network unveiled […]
With Open Issuance and AI payment standards, Stripe is doubling down on its bet on the rising role of blockchain and digital agents in payments. What to know: Payments giant Stripe unveiled a stablecoin issuance platform and AI commerce tools at its New York showcase on Tuesday, marking a push […]
The cloud company said the token, dubbed NET Dollar, will enable instant, global transactions for autonomous agents online. What to know: U.S.-listed cloud company Cloudflare (NET) announced plans to intorduve a U.S. dollar stablecoin for what it calls the “agentic web,” where autonomous AI agents perform tasks like booking flights […]
The USDT stablecoin issuer is reportedly looking to raise up to $20 billion at a valuation of $500 billion, which would make it one of the most valuable private companies in the world. What to know: Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage […]
The firm said users in the U.S. will soon be able to send bitcoin, ether and its own PYUSD stablecoin directly across accounts as part of the company’s crypto payment push. What to know: Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment […]