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,...
A sharp sell-off in U.S. government bonds is adding urgency to the Trump administration’s effort to turn dollar-backed stablecoins into a new source of demand for Treasuries and an instrument for preserving the dollar’s global dominance. The administration is considering promoting dollar-denominated stablecoins overseas through...
An initiative involving seven U.K. banks completed the first live customer transactions using tokenized sterling deposits, banking and finance industry organization UK Finance said in a Thursday (Sept. 24) press release. The transactions were delivered through the Great British Tokenised Deposit (GBTD) initiative, which was...
The Clearing House selected Quant, a provider of programmable money infrastructure, to power the On-Chain Money Initiative that The Clearing House announced in June, the organization said in a Thursday (Sept. 24) press release emailed to PYMNTS. The On-Chain Money Initiative involves a new interoperable...