# Cross-border Payments Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Cross-border Payments", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

UK policy sprint finds cross-border payments are stablecoins’ top use case

According to findings from the UK Financial Conduct Authority's Stablecoin Sprint policy initiative, cross-border payments are identified as the most promising near-term use case for stablecoins. This is particularly true for emerging markets with limited US dollar access. However, in major payment corridors with existing fast and inexpensive systems, stablecoins offer fewer benefits. For domestic UK retail consumers, adoption is expected to be slower as current payment methods are already efficient. Merchants, though, could see advantages from lower costs and faster settlement. These insights helped inform the FCA's recent final rules requiring UK-issued stablecoins to be fully backed by reserves and redeemable at par.

cointelegraph2 giorni fa 07:24

UK policy sprint finds cross-border payments are stablecoins’ top use case

cointelegraph2 giorni fa 07:24

SWIFT Shared Ledger Launches Live Pilot, How Will the 50-Year-Old Payment Network Reconstruct the Financial System?

SWIFT, a global financial messaging provider with a 50-year history, has launched a live pilot of a blockchain-based "shared ledger" in July 2026, involving 17 major banks. This marks a direct move by traditional finance to upgrade its core payment infrastructure using blockchain technology, transforming SWIFT's role from a messaging channel to a "value orchestration layer" for digital payments. The system is built on Hyperledger Besu (EVM-compatible) and integrates Chainlink's CCIP for cross-chain interoperability. It deepens the fusion of the ISO 20022 messaging standard with smart contracts to automate compliance (KYC/AML). The primary settlement medium in this network is "tokenized deposits"—digital representations of traditional bank deposits, not independent stablecoins—preserving the existing two-tier banking system. The move introduces "atomic settlement" (24/7, instant) but requires banks to adopt "pre-funding" models, increasing demands on liquidity management. It presents direct competitive pressure on native blockchain payment tokens (e.g., XRP) by offering an efficient, bank-backed alternative for cross-border settlement. Significant regulatory hurdles remain, including legal jurisdiction over cross-border digital assets, legal definitions of "settlement finality" for smart contracts, and balancing blockchain transparency with data privacy/localization laws. Technologies like zero-knowledge proofs may be needed to resolve privacy-compliance conflicts. Industry views are mixed: participating banks and SWIFT emphasize extending trusted, compliant finance into the digital realm with real-time efficiency, while crypto analysts warn of potential "liquidity backlash" as capital flows back to the traditional, now-tech-enhanced banking system. This pilot signifies that traditional finance and crypto are entering a phase of direct competition and fusion at the infrastructure level, likely leading to a future of interconnected, highly regulated financial networks rather than a fully decentralized system.

marsbit07/28 07:41

SWIFT Shared Ledger Launches Live Pilot, How Will the 50-Year-Old Payment Network Reconstruct the Financial System?

marsbit07/28 07:41

Goldman Sachs Research Report Analysis: Circle and USDC Are Moving Beyond the Crypto World, Cross-Border Payments and AI Agents Become New Battlegrounds

Goldman Sachs published a summary of its meeting with Circle Internet Group (issuer of USDC) on July 5th. The core takeaway is that stablecoins, led by USDC, are evolving from a crypto-native tool into foundational infrastructure for traditional finance and the AI economy. USDC's use cases are rapidly expanding beyond crypto trading into cross-border payments, e-commerce, capital market settlements, and notably, payments for AI agents. Circle's management emphasized that stablecoin growth is now decoupled from crypto market cycles, driven by this diversification. They outlined five key application layers and highlighted USDC's network effects, global liquidity depth, and regulatory compliance as competitive moats. Circle distinguishes USDC from bank-issued tokenized deposits, arguing the former is an open, internet-native system without bank credit risk. Strategically, Circle is building a broader fintech platform with its Arc Layer 1 blockchain, the Circle Payments Network for cross-border transfers, and an "Agentic Stack" to serve AI agent economies, where USDC already dominates. Regarding regulation, Circle views potential U.S. legislation like the CLARITY Act as a catalyst for growth rather than a constraint, expecting it to encourage broader institutional adoption and active usage. Goldman Sachs maintains a Neutral rating on Circle with a $96 price target, noting the company's shift from a pure stablecoin issuer to a financial infrastructure provider. Key risks include competition from USDT and potential earnings pressure from declining interest rates on its reserve assets.

marsbit07/07 03:53

Goldman Sachs Research Report Analysis: Circle and USDC Are Moving Beyond the Crypto World, Cross-Border Payments and AI Agents Become New Battlegrounds

marsbit07/07 03:53

Forbes Feature: Cross-Border Payments with Stablecoins are Faster, But Not Yet Cheaper

A Forbes feature on stablecoin cross-border payments highlights rapid industry growth but notes the cost advantage remains theoretical. While stablecoins offer faster, 24/7, and more accessible international transfers compared to traditional forex brokers (charging 60-70 bps), they have not yet achieved their promised lower costs of 2-5 bps. The primary hurdle is a lack of deep, scaled liquidity pools, according to Imran Ahmad of Bitso Business. He states costs will only drop significantly with large-scale institutional and banking participation. Adoption faces a deeper challenge: trust. Businesses often stick with traditional brokers based on long-standing personal relationships, not just fees. Ezra Kebrab of cross-border payment firm Caliza emphasizes that reliability in handling complex details like tax codes is as critical as speed and cost. Contrary to some narratives, successful companies like Caliza see stablecoins as complementing, not replacing, existing infrastructure like SWIFT, which excels at payment standardization. Caliza itself uses SWIFT for many transactions and has seen monthly growth exceeding 40%. Ahmad predicts a future industry consolidation, where success will hinge on three pillars: proper licensing, reliable fiat on/off-ramps, and robust liquidity.

链捕手07/05 09:19

Forbes Feature: Cross-Border Payments with Stablecoins are Faster, But Not Yet Cheaper

链捕手07/05 09:19

Airwallex Invests in Metal: How Stablecoins Reconnect with the Real Financial System?

Airwallex Invests in Metal: How Stablecoins Connect Back to the Real Financial System? Airwallex, a global financial platform for businesses, has completed a $3.2 billion Series H funding round at an $11 billion valuation. Concurrently, it co-led the seed round for Metal, a "tokenized financial products infrastructure" project, becoming its first design partner. This move signals Airwallex's strategic shift beyond traditional cross-border payments. It aims to leverage its decade of experience in licenses, local payment networks, and API infrastructure to address a new challenge: facilitating the entry of stablecoins, tokenized assets, and AI agents into enterprise financial systems. This involves handling critical functions like authorization, compliance, currency exchange, fiat on/off-ramps, and final settlement. Metal positions itself not merely as another stablecoin payment solution but as a compliant settlement layer (Layer 1 blockchain) designed for regulated financial institutions. It targets a broader scope of tokenized financial products, including stablecoins, tokenized deposits, and securities. The core challenge it addresses is connecting efficient on-chain assets with the complex realities of corporate finance, such as multi-currency bank accounts, securities, compliance checks, and local regulations. Airwallex's investment, alongside its founder-backed fund Capital49, provides Metal with crucial real-world infrastructure: access to local payment networks covering 200+ countries and 90+ currencies. This partnership aims to bridge the gap between on-chain efficiency and off-chain, institution-ready settlement. The announcement aligns with Airwallex's broader product direction, which includes an AI-native financial platform (T:0) and a wallet infrastructure for AI agent commerce (Airi). The combined vision is an integrated infrastructure that can handle the speed and cost benefits of on-chain assets while seamlessly managing compliance, authorization, and fiat connectivity required for global business operations and the emerging AI agent economy.

Foresight News07/03 08:32

Airwallex Invests in Metal: How Stablecoins Reconnect with the Real Financial System?

Foresight News07/03 08:32

The Rise of Stablecoins in Latin America Is Not, in Essence, a 'Victory for Crypto Technology'

The Rise of Stablecoins in Latin America: Not a Victory for Crypto, But for Remittance Infrastructure Stablecoin adoption in Latin America isn't primarily driven by belief in crypto technology. It's a pragmatic solution to a centuries-old problem: getting money home. The article draws parallels to the traditional "silver letters" (银信) system used by Chinese diaspora, where trust and execution relied on tight-knit community networks. The core pain point is remittances—the lifeblood for millions of families. Existing systems are often slow, expensive, and opaque. Stablecoins like USDT and USDC are not seen as speculative crypto assets but as "digital dollars in your phone." They address critical local needs: Argentinians use them as a hedge against hyperinflation, Venezuelans as a lifeline for essential goods, while in Brazil and Mexico, they facilitate cross-border payments and freelance payouts. The real challenge isn't the blockchain transfer itself, but the "on-ramps" and "off-ramps"—how to convert local currency into stablecoins and, crucially, how recipients can access the funds as spendable local currency via systems like Pix (Brazil) or SPEI (Mexico). The battlefield is building the infrastructure that seamlessly connects these ends. Regulators are less focused on "crypto adoption" and more on controlling what becomes a parallel foreign exchange system, concerned with AML, consumer protection, and capital flows. The future lies in stablecoins becoming an invisible, efficient middle layer in a new remittance stack, where the user only cares about one thing: the money arrived.

marsbit06/26 11:56

The Rise of Stablecoins in Latin America Is Not, in Essence, a 'Victory for Crypto Technology'

marsbit06/26 11:56

BIS Latest Research: Stablecoins and the Future of the Global Monetary Landscape

The Bank for International Settlements (BIS) Working Paper No. 170 analyzes the rise of stablecoins and their impact on the global monetary system. Stablecoins, privately issued digital tokens pegged to fiat currencies, have grown exponentially since 2014, with a market dominated by USD-pegged variants like USDT and USDC. Their core function remains within the crypto ecosystem, though use in cross-border payments and as a store of value in high-inflation emerging markets is increasing. The report identifies stablecoins as a new form of offshore dollar claims, extending dollar liquidity via blockchain. Their stability depends entirely on reserve quality and market arbitrage, lacking traditional banking safeguards. In the short term, stablecoins reinforce the US dollar's dominance, posing risks to monetary sovereignty in emerging market and developing economies (EMDEs) by facilitating "digital dollarization," which can undermine local currency deposits, capital controls, and monetary policy effectiveness. The BIS outlines three potential future scenarios: 1) Niche adoption within crypto (baseline), 2) Widespread "digital dollarization" in EMDEs (high-risk), and 3) Integration of domestic currency stablecoins (ideal but challenging). Effective global regulatory coordination is crucial to manage risks like reserve transparency, cross-border spillovers, and illicit activities. The report concludes that stablecoins represent a structural force reshaping international monetary hierarchies, presenting both opportunities for payment efficiency and significant risks to financial stability and autonomy, necessitating robust policy responses.

链捕手06/01 02:54

BIS Latest Research: Stablecoins and the Future of the Global Monetary Landscape

链捕手06/01 02:54

Tether's New Business: Helping Small Countries Issue Stablecoins

Tether has announced a partnership with the Georgian government to issue GEL₮, a Lari-pegged stablecoin, aiming to reduce costs, accelerate settlements, and promote cross-border payments. This move is part of Tether's broader strategy to establish a replicable, standardized business of issuing sovereign currency-backed stablecoins for smaller nations, alongside its flagship USDT and other regional offerings like MXNT (Mexican Peso) and CNHT (Offshore Yuan). Georgia represents an ideal test case due to its high reliance on remittances (~15% of GDP), established digital asset regulatory framework aligned with U.S. standards, and prior engagement with Tether. The country gains accelerated internationalization of its currency by accessing Tether's global distribution network and liquidity pools, where GEL₮ can be swapped directly with assets like USDT. For Tether, the immediate financial gain from Georgia's small market is minimal. The true value lies in creating a template. Successfully navigating the compliance, reserve, and redemption processes for GEL₮ allows Tether to replicate this model swiftly for other nations with similar profiles, such as Azerbaijan or Nigeria. The deeper strategy involves subtly integrating these national currencies into an informal USDT-anchored dollar system, positioning Tether as the essential routing infrastructure. This partnership highlights a potential new model: the outsourcing of sovereign currency globalization to private stablecoin issuers. It offers smaller states a faster path to digital currency integration than developing a Central Bank Digital Currency (CBDC). However, it raises significant questions about monetary sovereignty, financial stability risks, and increased dependency on a private entity. If more countries adopt this model in the coming year, Tether could evolve from a stablecoin issuer into a unique, cross-sovereign financial infrastructure service provider.

marsbit05/26 04:44

Tether's New Business: Helping Small Countries Issue Stablecoins

marsbit05/26 04:44

Will The Passage Of The CLARITY Act Be Good For XRP Price? Why $50 Could Be The Minimum

The passage of the CLARITY Act in 2026 is viewed as a potential major catalyst for XRP's price. An analysis based on the quantity theory of money (MV=PQ) models various price scenarios depending on XRP's adoption level for regulated settlement and liquidity flows. A minimal use case, handling a small portion of cross-border transactions, could establish a price floor around $50. More extensive integration, such as bridging repo cash legs and collateral, could push prices to approximately $280. With supply compression from derivatives locking tokens, a "Structural Base Case" suggests a price near $415. A "Full Integration" scenario, where XRP is used across all major settlement positions, projects a range from $700 to $1,400. The CLARITY Act has passed the House and cleared a Senate committee, with a potential Senate vote and White House target for enactment by July 4, 2025.

bitcoinist05/17 12:27

Will The Passage Of The CLARITY Act Be Good For XRP Price? Why $50 Could Be The Minimum

bitcoinist05/17 12:27

Cross-Border Payments Giant Wise Lists on NASDAQ

Cross-border payment giant Wise has successfully transitioned its primary listing to Nasdaq (ticker: WSE), retaining a secondary listing in London. Starting trading on May 11, 2026, the company opened at $15.40, up approximately 6.21%. With a market valuation around $15.5 billion, this move signifies Wise's evolution from a low-cost international money transfer tool into a comprehensive global financial services platform. Founded by Taavet Hinrikus and Kristo Käärmann to solve personal frustrations with expensive and opaque bank fees, Wise (formerly TransferWise) pioneered transparent, low-cost foreign exchange and transfers. For its fiscal year ending March 31, 2026, Wise reported $243 billion in cross-border transaction volume, $39 billion in customer balances, $1.9 billion in transaction revenue, and $2.5 billion in net revenue, serving nearly 19 million personal and business customers. The strategic shift to a US primary listing aims to deepen investor reach, enhance liquidity, and align with the United States as a critical growth market. It supports Wise's broader business narrative, which now encompasses multi-currency accounts, business solutions, debit cards, and especially its B2B offering, Wise Platform. This platform allows banks and financial institutions like Itaú and Nubank to integrate Wise's payment infrastructure, with a long-term goal for it to drive over 50% of cross-border volume. Concurrently, Wise is strengthening its US operational capabilities, including applying for a national trust bank charter and a Federal Reserve master account to gain greater control over USD payment flows. While Wise facilitates payments into China via partners like Alipay, outbound RMB services rely on collaboration with licensed local payment institutions, adhering to regional regulations. The listing process included a controversial proposal to extend a dual-class share structure, highlighting governance challenges as the company balances founder influence with public market accountability. Moving forward, Wise must demonstrate to US investors that its low-fee model is sustainable and scalable, that Wise Platform can drive significant growth, and that its global compliance and network infrastructure can support its ambition to become an integral part of the worldwide money movement landscape.

链捕手05/16 01:15

Cross-Border Payments Giant Wise Lists on NASDAQ

链捕手05/16 01:15

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