Key Highlights: Rising bank deposit yields are posing competition for non-yield-bearing stablecoins, particularly impacting USD Coin (USDC) due to its strong ties to United States institutions. Visa is expanding its stablecoin settlement rails via Visa Direct, enabling USDC-funded cross-border payouts across more than 180 countries in partnership with Inyo Global. Visa’s dollar-pegged stablecoin settlement volume ...
Key Highlights Visa Direct has rolled out fiat-to-stablecoin cross-border payment capabilities, partnering with Inyo Global to enable services across more than 180 countries. The integration provides real-time, 24/7 settlements with dollar-pegged assets, allowing institutions, fintechs, and money transmitters to bypass traditional banking hours. Visa’s stablecoin settlement volume recently hit a $20 billion annualized run rate, ...
Key Highlights: Only 6% of consumers accurately understand how stablecoins operate, with nearly half viewing them solely as cryptocurrency trading tools, according to research from Visa. Visa is expanding its stablecoin settlement capabilities to support more blockchains, while partner Reap works on local-currency tokens including Hong Kong dollar, Korean won, and Japanese yen assets. Payment ...
Key Highlights: Global payments giant Visa has teamed up with $ADI Foundation to explore bridging traditional electronic payment rails with institutional blockchain infrastructure. The initiative seeks integration models that allow financial institutions to utilize blockchain technology without dismantling or replacing existing legacy systems. Visa continues its digital settlement push following landmark institutional pilots with Lloyds ...
Key Highlights: Payment volume across more than 160 Visa stablecoin-linked card programs surged nearly 200% year-over-year, pushing Visa’s annualized settlement run rate above $20 billion. Business and commercial card programs now represent approximately 17% of Visa’s stablecoin-linked card volume fiscal year-to-date. Broader commercial stablecoin payments reached between $401 billion and $527 billion in the first ...
Key Highlights: Lloyds and Visa tested stablecoin settlement for cross-border payments operating around the clock. The pilot connected Lloyds’ private Canton network with a separate public blockchain used by Visa. The test examined how digital money could improve payment speed, transparency, flexibility and liquidity management. Lloyds and Visa Test Stablecoin Settlement Across Blockchain Networks Lloyds ...
Key Highlights Reap, a Visa Principal Issuer Member owned by Kraken parent Payward, plans to add a Mexican peso stablecoin to its card, cross-border payments, and treasury products. The Hong Kong-based fintech is also exploring stablecoins pegged to the Hong Kong dollar, euro, South Korean won, and Japanese yen through its global stablecoin partnership with ...
Key Highlights Visa is directing payment processors to stop using merchant category code 5815 (digital media) for memecoin purchases and instead apply cryptocurrency-related classifications. JPMorgan Chase flagged at least one Visa transaction for incorrect coding, and the New York Attorney General’s Office is reviewing the issue. The reclassification does not prohibit card-based memecoin purchases but ...
Velocity Raises $10M Series A Extension, Valuation Reaches $200M London-based stablecoin infrastructure provider Velocity has secured an additional $10 million in Series A funding, bringing the total round to $48 million and valuing the company at $200 million post-money. The extension, announced on September 15, includes participation from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, ...
Ant International has partnered with Visa and Mastercard to develop common standards for identifying and monitoring AI agents as autonomous software takes on a larger role in global payments. The collaboration aims to create an interoperable “Know Your Agent” framework that lets merchants and payment providers verify which AI agents are behind transactions and whether ...