PYMNTS-MonitorEdge-May-2024

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Digital Wallet Belo Launches Web Platform for B2B Cross-Border Payments
Digital Wallet Belo Launches Web Platform for B2B Cross-Border Payments
August 25, 2023  |  B2B Payments

Digital wallet Belo has launched a web platform to help businesses make cross-border transactions.  This initiative allows companies from 108 countries to open a free account...

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Lackluster Stablecoin Trading Volumes Raise Questions Around Crypto Rebound
Lackluster Stablecoin Trading Volumes Raise Questions Around Crypto Rebound
May 24, 2023  |  Cryptocurrency

The stablecoin landscape is getting smaller by the day, and that’s bad news for crypto.  Stablecoin trading volumes so far this month have totaled just...

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Coinbase Offers No-Fee Conversion of USDT to USDC
Coinbase Offers No-Fee Conversion of USDT to USDC
December 09, 2022  |  Cryptocurrency

Coinbase is offering to convert USDT to USDC with no fees.  The firm said in a Thursday (Dec. 8) blog post that the recent turmoil in the cryptocurrency...

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FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
November 09, 2022  |  Cryptocurrency

Puerto Rico’s FV Bank has launched digital asset custody and settlement services for clients around the world, becoming the first bank in the commonwealth to...

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Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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PSPs Are Making Stablecoin Payments a Reality
PSPs Are Making Stablecoin Payments a Reality
September 29, 2022  |  Cryptocurrency

It’s been easy to say that all the dire predictions about stablecoins taking over payments and pushing out national currencies were wildly overblown as their...

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Circle Debuts Euro Stablecoin
Circle Debuts Euro Stablecoin
June 16, 2022  |  Cryptocurrency

With Circle’s announcement today of a new euro-denominated stablecoin called Euro Coin, the second-largest issuer of dollar-pegged cryptocurrencies is making a play for leadership of...

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Is Tether Stablecoin Due for $80B Day of Reckoning?
Is Tether Stablecoin Due for $80B Day of Reckoning?
June 15, 2022  |  Cryptocurrency

Tether’s day of reckoning could be approaching, and if the top stablecoin issuer cannot calm years-long doubts about the state of the cash reserves backing...

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Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
June 15, 2022  |  Cryptocurrency

When a top investor with a deep hedge fund background says the tumbling cryptocurrency market is starting to feel “a little bit like a Long...

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