Mastercard expands stablecoin push as partner MoonPay secures New York BitLicense

SoFi's stablecoin success highlights the growing role of regulated banks in digital finance, potentially reshaping payment systems globally. The post SoFi’s SOFID stablecoin market cap exceeds $100M on Ethereum appeared first on Crypto Briefing.

Tencent's integration of PayPal with WeChat Pay could reshape global payment dynamics, enhancing cross-border commerce and financial inclusivity. The post Tencent links PayPal to WeChat Pay, enabling US payments in China appeared first on Crypto Briefing.

Stablecoin payments run through settlement and B2B rails, not consumer checkout, BridgerPay CEO Ran Cohen said. Stablecoin payments are running through global settlement and B2B rails rather than consumer checkout pages, BridgerPay co-founder Ran Cohen said in an interview. Stablecoin…

Payments giant Mastercard has secured New York’s BitLicense, one of the toughest regulatory approvals, to advance its digital assets strategy and expand its stablecoin and tokenized deposits infrastructure. Related Reading: UK Targets HTX, Russia-Linked Crypto Firms Amid Crackdown On Sanction Evasion Mastercard Wins Major Regulatory Approval On Wednesday, Mastercard announced that its subsidiary Mastercard Transaction […]

SoFi is making its SoFiUSD token available to members, marking a milestone in the convergence of regulated banking and blockchain.

SoFiUSD, first launched in December for enterprise clients, is now live inside the SoFi app — making it the first stablecoin issued by a US national bank available directly on a consumer banking platform.

Mastercard Transaction Services (U.S.) LLC received a Virtual Currency License from the New York State Department of Financial Services on Wednesday, giving the global payments company formal standing to operate digital asset services in one of the most tightly regulated financial jurisdictions in the country. Mastercard Wins NYDFS Bitlicense, Opening New York Digital Asset Access […]

The payments giant, which processed nearly $11 trillion in volume last year, secured one of the US's most demanding state crypto licenses as it moves to settle transactions in digital assets.