(source: en.wikipedia.org)
Revolut furthered its expansion strategy in the United Arab Emirates (UAE) by gaining in-principle approval to provide crypto services in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The upcoming launch of Open Standard’s Open USD (OUSD) stablecoin could pose an “existential threat” to Circle’s USDC, but it depends on how things play out, a CoinShares analyst said Monday (July 13). Get the Full Story Complete the form to unlock this article and...
Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.S. government has transferred approximately $288 million worth of seized cryptocurrency to Coinbase Prime, fueling speculation over whether federal authorities are preparing to liquidate some of their digital asset holdings or simply moving them into institutional custody. Get the Full Story Complete the form...
Blockchain financial products are no longer merely standing at the edge of banking. They are beginning to reproduce some of its most profitable functions across banking’s own regulated landscape. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Perpetuals.com has halted talks to acquire the Trump family cryptocurrency firm’s payments company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Nothing visibly changed in American payments when the clock struck midnight on Saturday (July 11). Consumers still used cards, bank accounts and cash, and businesses still moved funds through banking networks. Yet the United States had nonetheless made a consequential architectural choice about the future...
Stablecoin issuer Circle faces several challenges despite its receipt of final approval from the Office of the Comptroller of the Currency (OCC) to establish a bank, analysts from Japanese investment bank Mizuho wrote in a Friday (July 10) note, CoinDesk reported Monday (July 13). Get...
