J.P. Morgan has expanded its Kinexys blockchain platform, adding five Asia-Pacific currencies to enable 24/7 settlement for institutional clients.
Chainlink has teamed up with 47 South Korean and European banks to use stablecoins for multi-million dollar, near real-time currency trades between Europe and South Korea.
Trace Finance has successfully raised $32 million to expand its cross-border stablecoin settlement services amidst evolving global regulations.
China's central bank is intensifying its focus on stablecoins, acknowledging their expanding role in cross-border payments and calling for stronger global regulation.
MassPay is leveraging Coinbase's infrastructure to streamline global payouts using USDC, aiming to reduce costs and accelerate settlement times for businesses.
Bitso and Ripple are collaborating to introduce the MXNB stablecoin on the XRP Ledger, aiming to streamline institutional payments between Mexico and the United States.
MoneyGram has launched a new stablecoin, MGUSD, on the Stellar blockchain to facilitate more efficient cross-border digital dollar payments globally.