# Cross-Border Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Cross-Border", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

U.S. and U.K. Unveil Plan for Digital Assets to Modernize Financial System

The U.S. and UK have announced a coordinated plan to modernize their financial systems through digital assets. This follows discussions by the U.S.-UK Financial Regulatory Working Group. Key areas include cryptocurrency regulation, payment system modernization, financial stability, and capital market reform. A major focus is creating comparable regulatory standards for stablecoins, ensuring 1:1 high-quality liquid asset backing and consumer protections. Both nations support the cross-border use of stablecoins under these aligned rules. The FDIC has proposed operational standards for U.S. stablecoin issuers, covering reserves, redemption, and risk management. Another priority is tokenization, where blockchain records represent securities and other assets. UK authorities are developing a unified approach for tokenized wholesale markets to improve efficiency. Major institutions like BlackRock and JPMorgan are involved in related industry initiatives. Officials also aim to advance regulated private digital payments internationally, seeking to limit regulatory fragmentation. The Bank of England has proposed a framework for "systemic" stablecoins, which could be widely used with issuance limits and reserve requirements. The Working Group plans to reconvene in early 2027 to continue collaboration on these priorities, investor protection, and market development.

cryptonews.ru08/06 11:00

U.S. and U.K. Unveil Plan for Digital Assets to Modernize Financial System

cryptonews.ru08/06 11:00

Borderless.xyz becomes the first pilot partner for Mastercard's Cryptodent for stablecoin payments

Mastercard and Borderless.xyz have launched a pilot project, "Crypto Credential," to test stablecoin-based cross-border payments. The initiative focuses on blockchain dollar transactions and aims to enhance trust by verifying counterparties. Companies Infinia, Walapay, and Koywe are the first stablecoin-based firms integrating Crypto Credential's compliance signals into their transaction approval and risk management processes. The pilot follows Mastercard's accelerated $1.8 billion acquisition of BVNK, a major stablecoin asset manager. This partnership emerged from Mastercard's Start Path startup program, which all three participating companies are alumni of. Borderless.xyz operates a stablecoin orchestration network connecting wallets to over 15 licensed providers globally. The project addresses scaling compliance challenges in the rapidly growing stablecoin network. Mastercard's Crypto Credential standardizes wallet-to-wallet verification, using shared attestation signals to assess if a counterparty meets required standards, similar to traditional banking's origin-point compliance model.

cryptonews.ru08/05 22:39

Borderless.xyz becomes the first pilot partner for Mastercard's Cryptodent for stablecoin payments

cryptonews.ru08/05 22:39

Mastercard, Borderless test shared identity checks for stablecoin transfers

Mastercard and Borderless are launching a pilot project to apply Mastercard's Crypto Credential framework to cross-border stablecoin transfers. The initiative aims to enhance trust and reduce friction by providing standardized compliance and verification signals that participants can use in their approval and risk processes. Mastercard will act as a governance layer but will not settle funds. This move follows Mastercard's recent acquisition of stablecoin infrastructure firm BVNK and its June announcement to expand settlement capabilities to include stablecoins like USDC and PYUSD.

cointelegraph08/05 13:06

Mastercard, Borderless test shared identity checks for stablecoin transfers

cointelegraph08/05 13:06

Web3 Payments Track Research Report (Part 1): A Panoramic Deconstruction of Industry Background, Protocol Standards, Major Player Positioning, and Global Regulatory Dynamics

Web3 Payments: Industry Transformation, Key Players, and Regulatory Evolution (Part 1) This report provides a panoramic analysis of the Web3 payments sector, marking its transition from narrative-driven to infrastructure-focused growth. The 2025-2026 period is characterized by stablecoins surpassing the combined transaction volume of Visa and Mastercard, reaching approximately $33 trillion in on-chain settlements. This surge is fueled by their structural advantages in cost, speed, and accessibility for cross-border and B2B payments, addressing pain points in traditional finance. Stablecoins, primarily USD-pegged and dominated by USDT and USDC, have become core payment infrastructure. Their use cases are expanding beyond crypto exchanges into real-world commerce, global payroll, and remittances. User experience is evolving through two parallel paths: **account abstraction** (via standards like ERC-4337 and EIP-7702) abstracts gas and key management for self-custody users, while **payment rail integration** by giants like Stripe, PayPal, Visa, and Mastercard embeds stablecoins seamlessly into familiar checkout flows for mainstream users. Concurrently, the rise of dedicated **"stablechains"** (e.g., Stable) aims to optimize infrastructure specifically for stablecoin payments, using them as native gas tokens to ensure cost predictability and priority. Major payment processors are aggressively entering the space through acquisitions, partnerships, and proprietary stablecoins (e.g., PYUSD), strategically positioning themselves at this new infrastructure layer. This infrastructure shift coincides with clarifying global regulation. Key developments include the U.S. GENIUS Act establishing a federal framework, the EU's MiCA regime coming into full effect, and Hong Kong positioning itself as a compliant testing ground in Asia-Pacific. The convergence of scalable infrastructure, clear regulations, and the emerging demand from AI Agents for machine-to-machine micropayments is defining the next phase of competition over protocol standards, value accumulation layers, and market definition.

marsbit08/05 11:07

Web3 Payments Track Research Report (Part 1): A Panoramic Deconstruction of Industry Background, Protocol Standards, Major Player Positioning, and Global Regulatory Dynamics

marsbit08/05 11:07

Mastercard completes acquisition of BVNK

Mastercard has completed the acquisition of BVNK, a company that develops payment infrastructure for transactions involving both fiat and digital currencies. BVNK’s platform enables businesses to store, transfer, and convert funds between these two types of currencies. Potential use cases include cross-border B2B payments, payout services, inter-party settlements, and corporate treasury management. Mastercard expects that combining the two companies will simplify the use of digital assets alongside traditional currencies in everyday financial operations. This acquisition forms part of Mastercard's broader strategy to bridge the traditional financial system with the digital asset ecosystem. The company also aims to leverage the growing demand for stablecoins in payments and other financial activities.

cryptonews.ru08/04 12:31

Mastercard completes acquisition of BVNK

cryptonews.ru08/04 12:31

Mastercard Completes $1.8B BVNK Acquisition to Expand Stablecoin Payments

Mastercard has completed its $1.8 billion acquisition of stablecoin infrastructure provider BVNK. This strategic move aims to expand Mastercard's digital asset payment capabilities globally by integrating its payment network with BVNK's blockchain technology. The combined platform will focus on enabling stablecoin-based services for cross-border business payments, merchant payouts, treasury management, settlements, and tokenized asset payments. Mastercard states the deal responds to growing institutional demand for stablecoin infrastructure in commercial and cross-border finance. BVNK will continue operating its existing products and services, and its integration is expected to provide financial institutions, payment providers, and fintechs with enhanced infrastructure to bridge traditional banking and digital currency ecosystems.

TheNewsCrypto08/04 09:31

Mastercard Completes $1.8B BVNK Acquisition to Expand Stablecoin Payments

TheNewsCrypto08/04 09:31

BIS Project Agorá settles $1 million in tokenized cross-border payment trials

The Bank for International Settlements (BIS) has announced the completion of initial real-value trials for Project Agorá, a tokenized cross-border payment system. The trials involved 28 central and commercial banks settling approximately $1 million (800,000 Swiss francs) across 17 different transaction scenarios. The system successfully used tokenized central bank reserves and commercial bank deposits to process payments in six major currencies, with average settlement times of around 80 seconds. Participants included major central banks such as the Bank of England and Bank of Japan, alongside global commercial institutions like JPMorgan Chase and Citi. Launched in 2024, Project Agorá aims to explore how tokenization can improve wholesale cross-border payments, with this phase marking a key milestone. The BIS confirmed testing will continue as the project develops.

cointelegraph07/31 11:10

BIS Project Agorá settles $1 million in tokenized cross-border payment trials

cointelegraph07/31 11:10

RWA Weekly: Ten European Financial Institutions Establish Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network

RWA Weekly: European Banks Form Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network Covering July 24-31, 2026, the RWA sector saw a steady on-chain total value locked (TVL) of $36.8 billion, with holder count hitting a record high. However, stablecoin transfer volumes fell sharply (~30%), indicating low on-chain settlement demand. Key regulatory moves include South Korea advancing stablecoin legislation and a push to scrap crypto taxes, Kenya lowering capital requirements for stablecoin issuers, and Zimbabwe approving seven projects for its crypto sandbox. In project developments, BIS-led Project Agorá successfully tested cross-border payments with tokenized funds across six currencies. Ten major European financial institutions formed the RL1 blockchain cooperative to build tokenized asset infrastructure. Other notable updates: Aviva launched a tokenized dollar liquidity fund on XRPL, POSCO International tokenized commercial invoices on Injective, and a Brazilian farmer used tokenized cattle as collateral for a loan. Additional progress includes BNY Mellon migrating its core transfer agent operations to blockchain, Securitize gaining SEC investment advisor registration, and Tether’s compliant stablecoin USA₮ launching on Celo. Ondo Finance introduced Ondo Network, a new execution layer focused on speed and privacy, moving away from its initial chain plans. An analysis highlights that despite the growing scale of on-chain RWAs (~$32B), approximately 90% remain underutilized in DeFi, pointing to a critical challenge in unlocking liquidity and fostering real-world application beyond mere issuance.

marsbit07/31 10:36

RWA Weekly: Ten European Financial Institutions Establish Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network

marsbit07/31 10:36

Major Banks Implement Tokenization in Cross-Border Transfers

Major global banks, including JPMorgan, Citi, and UBS, participated in a pilot project called Agorá, led by the Bank for International Settlements, to test tokenized cross-border payments. The initiative involved five central banks and 28 commercial institutions. The pilot processed approximately $1 million across six currencies (USD, EUR, GBP, JPY, CHF, KRW) using tokenized central bank reserves and commercial bank deposits. A key advantage was processing speed, with payments settling in around 80 seconds on average. The use of a shared ledger provided a single record of ownership and payment status. Another benefit was the ability to perform simultaneous currency clearing, allowing banks to exchange currencies instantly without waiting for separate settlement on each side of the transaction. This reduces risks, lowers costs, and increases transparency. The project operates alongside existing payment systems and does not replace them.

cryptonews.ru07/31 06:50

Major Banks Implement Tokenization in Cross-Border Transfers

cryptonews.ru07/31 06:50

A7 to Provide Unique Expertise on Stablecoin Settlement to the Market

Beginning September 1, 2026, Russia's "On Digital Currencies and Digital Rights" law will establish rules for cryptocurrency circulation, significantly expanding tools for importers and exporters. Company A7, a user of the largest ruble-pegged stablecoin A7A5, has announced its readiness to share its unique expertise in digital asset operations with foreign trade participants. According to Oleg Ogienko, Director of Government Relations and International Ties for the A7A5 project, the company's specialists have developed significant expertise in legally formalizing such transactions, compliance, currency control, and interacting with infrastructure participants. Following the law's enactment, A7 will continue applying this expertise for client operations and plans to adapt its business processes as the Bank of Russia issues related regulatory acts. The Bank of Russia clarified that exporters and importers will be able to conduct cross-border settlements in digital currency either through intermediaries or directly, though domestic use of such assets will remain restricted. All requirements for operators and settlement participants will be detailed in the regulator's subordinate acts. A7 had previously highlighted the high degree of transaction freedom in foreign trade as a key advantage of Russia's developing crypto-asset regulation model, while noting limitations for individuals and a banking-centric system that could hinder market growth.

cryptonews.ru07/29 20:21

A7 to Provide Unique Expertise on Stablecoin Settlement to the Market