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Stablecoins & Central Banks

Stablecoin payment rails race intensifies as crypto firms and fintech giants compete for control of global transactions

A global race to control stablecoin payment infrastructure is accelerating as crypto firms and fintech companies move aggressively to build the underlying rails for digital dollar transactions. The competition is centered on who will control the networks that power stablecoin transfers, a position that could reshape the global payments system. Industry players are investing heavily […]

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Business & Markets

OKX Secures Malta Payments License to Expand Stablecoin and Crypto Card Services Across EU

Global cryptocurrency exchange OKX has obtained a Payments Institution license in Malta, strengthening its regulatory footing ahead of sweeping European Union rules set to take effect in March 2026. The approval positions the exchange to expand its stablecoin based payment services and crypto linked card products across the bloc under a fully compliant framework. The […]

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Stablecoins & Central Banks

Klarna Enters Stablecoin Arena With KlarnaUSD, Raising Stakes for Card Networks

Klarna has made a decisive move into digital assets with the launch of its own dollar-pegged stablecoin, KlarnaUSD, marking a sharp shift from years of public skepticism by its chief executive, Sebastian Siemiatkowski. The Swedish buy now pay later giant is now positioning blockchain settlement as a strategic extension of its payments business, a development […]

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Stablecoins & Central Banks

Stablecoin APIs Gain Ground as African Firms Push Crypto Payments Forward

Stablecoins are increasingly shifting from speculative instruments to practical payment infrastructure, particularly across emerging markets where traditional financial rails remain fragmented. Recent developments highlight how dollar backed digital assets are being used to bridge gaps in payments, settlements, and cross border transactions when conventional systems fall short. The growing use of stablecoins for everyday transactions […]

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News

Polygon Moves Deeper Into Stablecoin Payments With $250 Million Push

Polygon Labs is accelerating its push into stablecoin-based payments after announcing acquisitions valued at more than $250 million, signaling a strategic shift toward regulated digital payment infrastructure. The blockchain firm is expanding beyond its core network technology by bringing key payments and infrastructure capabilities in house, positioning itself to serve businesses seeking faster and more […]

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News

VelaFi Raises $20 Million to Scale Stablecoin Payments Expansion

VelaFi has secured 20 million dollars in Series B funding as it looks to accelerate the global expansion of its stablecoin based payments and treasury infrastructure. The round was led by venture firms XVC and Ikuyo, with participation from a group of international investors, lifting the company’s total funding to more than 40 million dollars. […]

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News

Bakkt Shares Jump After Stablecoin Payments Expansion Deal

Shares of crypto infrastructure firm Bakkt surged sharply after the company announced a deal aimed at accelerating its push into stablecoin based payments and programmable settlement services. The company said it has agreed to acquire Distributed Technologies Research, a blockchain payment infrastructure provider, as part of a broader strategy to deepen its role in digital […]

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News

Venezuela Used USDT Stablecoin to Help Oil Company Bypass US Sanctions

Venezuela’s state controlled oil company turned to the stablecoin USDT to help navigate around restrictions imposed by the United States as the country’s political and economic crisis deepened, according to multiple reports this week. Petróleos de Venezuela SA began requiring some customers to make oil payments using the popular dollar pegged token as US sanctions […]

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Business & Markets

How Stablecoins Quietly Took Over Cross Border Payments in Emerging Markets

For decades, foreign exchange desks sat at the center of emerging market payment flows. Corporations relied on banks to convert currencies, manage settlement risk, and move money across borders. The process was slow, costly, and heavily dependent on correspondent banking networks. That structure is now changing, largely without headlines. Stablecoins have begun to replace parts […]

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News Stablecoins & Central Banks

UK Approval Signals Stablecoin Payments Moving Into Financial Infrastructure

Regulatory approval in the United Kingdom for a crypto payments provider highlights how stablecoin based transfers are steadily moving from the margins of finance into regulated payment infrastructure. The authorization, granted by the Financial Conduct Authority, allows the firm behind the Sling Money application to operate legally in one of Europe’s most closely supervised financial […]

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