Tokenization is evolving into a structural layer that allows commerce to proceed without a visible checkout. The shift anchored “The Prompt Economy™ Tracker® Series: Tokens, Trust and Transactions,” a PYMNTS Intelligence and Visa collaboration that examined how payment tokenization enables agents and wallets to transact...
Crypto’s goal of replacing fiat has never been able to overcome certain roadblocks. Many of them are operational, not ideological. Stablecoin adoption, for example, has been limited as a standalone system because while the digital assets are able to solve the movement of value problem,...
Blockchains don’t take bank holidays. It is a core promise of blockchain finance that has persisted for years despite 24/7 crypto trading not finding much traction compared to traditional financial venues and platforms. But as oil futures began moving rapidly this weekend due to the...
The reality of financial blockchain adoption is turning out to be a very different story than the permissionless approach the digital asset space was built atop philosophically. Institutions including JPMorgan Chase, Goldman Sachs, Citi, HSBC and BNY Mellon have all launched blockchain-based platforms aimed at institutional...
In the early days of the internet, networks did not naturally speak to one another. Standards had to emerge, trust had to be layered on top of open protocols and institutions had to decide how much control they were willing to relinquish in exchange...
The value of tokenized real-world assets has reportedly increased nearly fourfold in the last year. These assets have surpassed $26.4 billion in on-chain value, up from around $6.6 billion this time last year, per data from RWA.xyz, which tracks tokenized real-world assets (RWAs). The organization’s...
When stablecoin skeptics press the industry on what, exactly, are the benefits of the digital dollars, cross-border payments are typically one of the first answers. Companies from FinTech startups to global payment processors see stablecoins as a way to move money internationally in seconds rather...
Tax season is turning up the heat on stablecoins, the only digital assets currently regulated in the U.S. Tax season, after all, exposes weak recordkeeping and inconsistent classification. In the stablecoin context, it also forces clarity on income recognition, custody arrangements and asset segregation. Even...
Tether has frozen $3.5 billion of its stablecoins since 2023 and a total of $4.2 billion since the company’s launch, in cases where the tokens were linked to illicit activity, a company spokesperson told Reuters in a report published Friday (Feb. 27). The stablecoin issuer currently has more than $180 billion of its dollar-pegged...