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Usio Feels the Crypto Bite; Wirex’s Stablecoin Lending; Liability Shift Claims Solicited
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Seeking to Tap Into Crypto Lending, Wirex Launches Near-Instant Stablecoin Advances
Cryptocurrency holders looking to leverage their assets can now get a loan of up to $100,000 in stablecoins, the digital-payments platform Wirex Ltd. announced early Tuesday. Under the new service, holders can borrow as much as 80% of the value of their crypto holdings and receive an almost immediate advance …
Read More »Circle Makes Stablecoin Move; Fleetcor To Expand Cross-Border Payments; Plus Weekly Recap
Circle Internet Bids for Taiwan’s Cybavo in a Move to Boost Its Digital Dollar Stablecoin
Circle Internet Financial Ltd. said early Friday it has agreed to acquire Cybavo, a Taiwan-based developer of tools for digital-asset custody and blockchain development. The Boston-based company, perhaps best known as the developer of USD Coin, a stablecoin linked to the U.S. dollar, said the acquisition will provide the technical …
Read More »Slow Growth for ATMs; Paysafe Eyes iGaming High Rollers; Wirex Lists a New Stablecoin
Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22
Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …
Read More »Stablecoins Join International Relief Efforts As Circle’s Platform Backs Aid Distribution
Stablecoins are coming to international disaster aid with the announcement Thursday that Ireland-based AID:Tech, a 5-year-old financial-services company specializing in relief distribution around the world, will work with Circle Internet Financial LLC to distribute aid via USD Coin, whose value is tied to the U.S. dollar. “Collaborating with AID:Tech to …
Read More »Mastercard Outlines a Pilot for Direct Acceptance of Cryptocurrency Via Stablecoins
Card-based cryptocurrency transactions at the point of sale require conversion of the crypto assets to fiat currency for acceptance by the card networks. Now, the two top card networks are starting to change that. Mastercard Inc. early Tuesday said it will work with a pair of issuing banks and several …
Read More »Diem Is Moving to the United States As It Unites With Silvergate to Plot a USD Stablecoin
The Diem cryptocurrency, once known as Libra, has undergone so much change in the past year that some observers at least might argue it’s almost an entirely different project. The latest development emerged late Wednesday with the announcement that the Diem Association is moving its operations from Switzerland to the …
Read More »With USD Coin Settlement, Visa Plots a Future for Stablecoins on Its Global Network
Visa Inc. reported early Monday that after a year of preparation it has completed the first transaction involving direct settlement with a so-called stablecoin, USD Coin. The transaction, which involves a stablecoin that mirrors the U.S. dollar, allowed Crypto.com, a platform for the trading of digital currencies, to send transactions …
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