Tag : stablecoins

Custodia Bank and Vantage Bank Issue America's First Bank-Issued Stablecoin On A Permissionless Blockchain
Banking Blockchain News

Custodia Bank and Vantage Bank Issue America’s First Bank-Issued Stablecoin On A Permissionless Blockchain

PR Newswire
by PR Newswire0
First-ever tokenization of a U.S. bank’s demand deposits on a permissionless blockchain Custodia Bank, working with Vantage Bank, yesterday completed America’s first-ever tokenization of a bank’s U.S. dollar demand deposits on a permissionless blockchain by issuing, transferring and redeeming Avit™ stablecoins for a bank customer. A new U.S. dollar payment rail......
Rain Announces $24.5 Million in Funding Led by Norwest to Expand Stablecoin-Powered Card Issuing Globally
Fintech News

Rain Announces $24.5 Million in Funding Led by Norwest to Expand Stablecoin-Powered Card Issuing Globally

Business Wire
by Business Wire0
Rain, the global card issuing platform powered by stablecoins, announced $24.5 million in new funding led by Norwest Venture Partners. New investors joining the round included Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also participated. Rain......
Wirex Announces the Expansion of Its Stablecoin Payment Platform to the U.S. in Partnership with Bridge.xyz
Digital Payments Fintech News

Wirex Announces the Expansion of Its Stablecoin Payment Platform to the U.S. in Partnership with Bridge.xyz

PR Newswire
by PR Newswire0
Wirex, a leading Web3 money app, has announced the expansion of its innovative stablecoin payment platform, Wirex Pay, to the U.S. This milestone marks a major step in making stablecoin payments more accessible, offering U.S. residents a seamless, secure, and self-custodial way to transact with stablecoins. The expansion is powered by a strategic......
Fiamma Announces $4M Seed Round Led By Lightspeed Faction and L2 Iterative Ventures
Blockchain Finance Fintech News

Fiamma Announces $4M Seed Round Led By Lightspeed Faction and L2 Iterative Ventures

PR Newswire
by PR Newswire0
Investment Will be Leveraged to Revolutionize Bitcoin with Trust-Minimized and ZK Infrastructure Solutions Fiamma, a Bitcoin and ZK infrastructure company transforming Bitcoin into a dynamic and programmable asset, today announced an oversubscribed $4M seed round investment led by Lightspeed Faction and L2IV. Additional participating investors include Astera Ventures, Contribution Capital, Sat Ventures, Chapter One, and FoundersHead. The investment......
Flexa Expands Partnership with Sheetz to Enable Digital Currency Payments for In-Store Purchases
Digital Payments Fintech News

Flexa Expands Partnership with Sheetz to Enable Digital Currency Payments for In-Store Purchases

Business Wire
by Business Wire0
The innovative partnership highlights growing consumer demand for stablecoin payments with Flexa, now available in every Sheetz location. Flexa, an early leader in digital payments, announced the expansion of its partnership with Sheetz, a major Mid-Atlantic restaurant and convenience chain, enabling customers to use digital currencies for in-store purchases at all......
Huma Raises $38M to Hyper-scale its Payment Financing (PayFi) Network
Finance Fintech News

Huma Raises $38M to Hyper-scale its Payment Financing (PayFi) Network

PR Newswire
by PR Newswire0
Huma Finance is transforming payment financing by utilizing real-world assets to deliver instant and borderless liquidity, enabling faster, more accessible, and more efficient financial solutions. Huma, the first Payment Financing (PayFi) network, announced today that it has raised $38 million in funding. Distributed Global led the equity round, with significant......
Payment Infrastructure Solutions Provider Coinflow Labs Raises $2.25M to Enable Instant Settlement for Merchants
Cryptocurrency Finance Fintech News

Payment Infrastructure Solutions Provider Coinflow Labs Raises $2.25M to Enable Instant Settlement for Merchants

GlobeNewswire
by GlobeNewswire0
Series Seed Round Led by CMT Digital with Participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, Digital Currency Group, Among Others Coinflow Labs (“Coinflow”), an instant settlement payment provider, today announced the closing of its $2.25M seed round. The round was led by CMT Digital with participation from Reciprocal Ventures,......
Reap Strengthens Its Compliance and Risk Management with Chainalysis
News Risk Management

Reap Strengthens Its Compliance and Risk Management with Chainalysis

PR Newswire
by PR Newswire0
Reap is utilising Chainalysis risk solutions that provide advanced transaction monitoring and robust illicit activity detection capabilities for the blockchain. Reap, a leading payment technology company specialising in bridging Web2 & Web3 finances, is proud to announce its collaboration with the blockchain data platform, Chainalysis. Reap is utilising Chainalysis risk......
Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services
Blockchain News

Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services

PR Newswire
by PR Newswire0
Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) for the necessary Financial Services Permissions to issue US dollar and other currency-backed stablecoins, as well as to offer crypto-brokerage and custody services......
2023 Crypto Literacy Results Show Education Is Needed To Increase Adoption
Cryptocurrency Fintech News

Crypto Literacy Unveils Outcome of Crypto Literacy Survey

PR Newswire
by PR Newswire0
Findings from the quiz on CryptoLiteracy.org highlight the ongoing need for advancements in crypto education CryptoLiteracy.org, an industry initiative promoting broad consumer education of digital currencies, today unveiled the results of the third annual Crypto Literacy Survey. With 45% of U.S. respondents to the quiz hosted on its website passing the exam,......
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