The stablecoin industry has traditionally measured progress through issuance, transaction volume and blockchain activity. The headlines this week, however, point to another metric that may matter just as much: access to existing customers. SAP is bringing stablecoin settlement into enterprise software. Samsung is expanding access...
Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to Brevan Howard funds, Ripple said in a Tuesday (Oct. 6) press release. This agreement represents a deepening of the relationship between Ripple, a provider of blockchain solutions across traditional and digital finance, and...
Financial institutions that are using the Bank of North Dakota’s (BND) new stablecoin, Roughrider Coin, are finding that it delivers practical benefits, BND said in a Monday (Oct. 5) press release. The stablecoin went live Oct. 1, according to a press release issued at the...
Anchorage Digital has acquired payments company Routable in a bid to extend its rails to the world’s biggest companies. Founded in 2017, Routable helps businesses onboard payees, automate compliance, and orchestrate high-volume payouts globally, Anchorage said in a news release Tuesday (Oct. 6). “Behind every...
Stablecoins have spent the past year and a half acquiring nearly everything an emerging payments technology is supposed to need to go mainstream. Clearer regulation, check; more institutional backing, check; better infrastructure and growing support from banks, FinTechs and payment providers? Check, check, and check....
The crypto industry bet the farm on traditional finance ultimately migrating onto public blockchains rather than retreating behind permissioned networks. The cows are now coming home to roost for the sector, after its failure to get comprehensive crypto regulation passed in Washington. As the dust...
Fiserv’s digital asset platform is now live with financial institution clients, the global provider of payments and financial services said in a Thursday (Oct. 1) press release. The platform’s first live use case Bank of North Dakota’s Roughrider Coin, a dollar-backed stablecoin designed to enable...
Wall Street’s embrace of digital assets has reached the point where saying a bank is “doing blockchain” reveals almost nothing about what it can actually do on-chain. One bank may be experimenting with tokenized securities inside an innovation lab. Another may let corporate customers move...
Lloyds Banking Group and Visa completed a seven-day live pilot that tested cross-border settlement using stablecoins, Lloyds said in a Wednesday (Sept. 30) press release. During the pilot, through a series of real-world transactions, Lloyds used stablecoins to settle $750,000 of payment obligations with Visa,...