Western Union Says Stablecoins Are faster and cheaper

Financial services company Western Union is set to pilot a stablecoin-based settlement system to modernize its remittance operations for its more than 150 million customers. During Western Union’s third-quarter earnings call on Thursday, CEO Devin McGranahan said the pilot is “focused on leveraging onchain settlement rails to reduce dependency on legacy correspondent banking systems, shorten…

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Ripple completes Hidden Road acquisition, becoming first crypto firm to own global multi-asset prime broker

Key Takeaways Ripple becomes the first crypto firm to own a global multi-asset prime broker by acquiring Hidden Road. Hidden Road has been rebranded as Ripple Prime, aiming to enhance institutional access to digital assets through global prime brokerage services. Share this article Ripple has completed its acquisition of Hidden Road, becoming the first crypto…

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Kyrgyzstan Partners With Binance To Launch National Stablecoin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kyrgyzstan has rolled out a national stablecoin in collaboration with the world’s biggest exchange, Binance. This action represents one of many significant developments following multiple contacts between the Central Asian nation and Binance co-founder and former CEO Zhangpeng Zhao. Kyrgyzstan Launches Stablecoin…

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Coinbase x402 protocol logs 50,000 transactions—up 10,000%

Coinbase’s x402 payment protocol has recorded nearly 500,000 transactions in a single week, indicating a massive spike in adoption. Summary Coinbase’s x402 protocol processed 500K transactions, up 10,780% in a month. The protocol allows payments between AI and humans using stablecoins over the internet. x402 powers API monetization, AI payments, and on-chain microtransactions. The online…

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