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According to Bloomberg, German automaker BMW AG has started using a blockchain-based system to automate some foreign exchange transactions, as companies increasingly look to leverage the technology behind cryptocurrencies to accelerate and streamline the multi-billion-dollar cross-border transfer process. The company uses JPMorgan Chase & Co.'s Kinexys platform, which automatically transfers euros from BMW's New York dollar account when the balance falls below a set threshold.
According to Cointelegraph, Visa has announced a new partnership with crypto infrastructure company Aquanow that will expand its stablecoin settlement business in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. The partnership will utilize approved stablecoins such as USDC for transaction settlement and aims to reduce cross-border transfer costs, reduce operational friction, and shorten settlement times. Godfrey Sullivan, head of products and solutions for Visa CEMEA, sai...
Securitize on Wednesday received European Union DLT pilot regulatory authorization to operate a regulated tokenized trading and settlement system, making it the only tokenized infrastructure company in both the United States and the European Union to have a license. Spain's National Securities Market Commission (CNMV) approved it to operate the system within the European Union and allow it to connect to existing U.S. infrastructure. Securitize plans to deploy the European trading and settlement ...
On November 18th, South East Asia ride-hailing giant Grab and Singapore-based stablecoin payment infrastructure provider StraitsX have signed a memorandum of understanding to jointly explore the construction of a Web3 wallet and stablecoin-based settlement layer in Asia. The partnership plans to integrate the Web3 wallet function into the Grab app, enabling users to hold and use stablecoins such as XSGD and XUSD for transactions, while allowing GrabPay merchants to accept stablecoin payments fro...
According to Cointelegraph, stablecoins are surpassing traditional credit card systems, with faster settlement speeds, lower cross-border costs, and programmable rewards.
On September 18, 2025 (Monday), the People's Bank of China will invite tenders to issue the seventh installment of central bank bills in 2025 through the HKMA Central Clearing System for Debt Instruments (CMU) bond bidding platform. The seventh installment of central bank bills has a term of 6 months (182 days). It is a fixed-rate interest-bearing bond with principal and interest repayment at maturity. The issuance volume is RMB 60 billion yuan. The interest rate starts on September 24, 2025. Th...
With Venezuela's annual inflation rate soaring to 229%, stablecoins such as USDT have become the "de facto" currency in the financial system for millions of Venezuelans. Locals are said to refer to Bitcoin as the "Binance Dollar", while the country's currency, the bolivar, has largely disappeared from daily business activities. Hyperinflation, strict capital controls, and a differentiated exchange rate landscape have made people increasingly prefer stablecoins to cash or local bank transfers. Fr...
Clearing firm Marex announced that it has integrated with JPMorgan's blockchain settlement system Kinexys Digital Payments through a partnership with Brevan Howard Digital, with the aim of modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology.
Chu Tianlong held an online exchange meeting for investors. Some institutional investors asked: What progress has the company made in the digital currency business in the first half of this year? Chu Tianlong replied that first, the company's system development business related to digital currency has grown rapidly, and some system platforms have been handed over to a bank for operation; second, the company continues to consolidate its market position in the advantageous areas of digital currenc...
According to relevant documents, Polymarket will launch a new market settlement system later this year in response to lawsuits similar to those of Ukrainian President Zelensky.
