Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances. BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027. […]
Coinbase’s AI-focused payment protocol x402 is moving toward becoming an open, standardized infrastructure under the Linux Foundation, the non-profit hub for open-source software development. The move aims to create a community-governed ecosystem for high-frequency, micro transactions that legacy finance can’t efficiently handle. The protocol has formed an initial governing body, the x402 Foundation, that includes […]
When a tourist from Bangkok taps to pay in Singapore using their Thai e-wallet, few stop to consider what powers that transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure running in the background, that seamless experience is exactly the point. Between the fourth quarter of 2024 and the same period in 2025, […]
ClearBank, a crypto-friendly neobank and regulated provider of Faster Payments in the U.K., plans to join the Circle Payments Network (CPN), linking its cloud-native banking platform to Circle’s blockchain-based infrastructure to speed up cross-border payments and offer access to regulated stablecoins. The move follows a new strategic agreement between the U.K.-founded clearing bank and Circle […]
Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil’s Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins. The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in minutes with stablecoins —a sharp […]
Activity on the XRP Ledger, a decentralized public blockchain designed for quick, cost-effective real-time transfer of XRP, fiat currencies and other digital assets, has slowed considerably since the first quarter. The number of payment transactions, representing the transfer of value from one account to another, dropped to 320,747 at press time, the lowest since October […]
Crypto exchange KuCoin’s merchant service is enhancing its provision for users to complete mobile transactions with cryptocurrency. KuCoin Pay has tapped payment protocol AEON to allow users to pay for goods and services online and in-store using cryptos such as bitcoin , ether and stablecoins USDT and USDC, according to an emailed announcement on Tuesday. […]
Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform. The round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek, according to an emailed announcement shared with CoinDesk on Tuesday. […]
Shaurya Malwa Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, […]