🚨 Visa and Upbit Parent Dunamu Partner for Stablecoin Payments
Global payment giant Visa has signed a strategic partnership with Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The collaboration focuses on integrating stablecoin payments, cross-border remittances, and AI-driven commerce into Visa's global network.
The companies are exploring the use of OUSD (Open USD), a dollar-backed stablecoin from Open Standard. While Dunamu clarified that no specific asset is finalized, OUSD already has backing from major players like Mastercard, Stripe, and BlackRock.
#Visa #Upbit #Stablecoin #AI
Global payment giant Visa has signed a strategic partnership with Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The collaboration focuses on integrating stablecoin payments, cross-border remittances, and AI-driven commerce into Visa's global network.
The companies are exploring the use of OUSD (Open USD), a dollar-backed stablecoin from Open Standard. While Dunamu clarified that no specific asset is finalized, OUSD already has backing from major players like Mastercard, Stripe, and BlackRock.
#Visa #Upbit #Stablecoin #AI
💰 Tether enters $3 trillion private credit market with $400M StableFund
Stablecoin giant Tether is expanding beyond crypto lending by launching StableFund in partnership with London-based Fasanara Capital. The venture starts with $400 million in anchor capital and aims to raise an additional $3 billion from institutional investors to provide loans in the private credit sector.
Fasanara will manage the portfolio while Tether acts as a co-sponsor and adviser, providing USDT-linked settlement and treasury infrastructure. The fund will target short-duration, asset-backed loans for small businesses and consumers across 60 countries, including trade receivables and supply-chain credit.
#Tether #USDT #PrivateCredit #Stablecoin
Stablecoin giant Tether is expanding beyond crypto lending by launching StableFund in partnership with London-based Fasanara Capital. The venture starts with $400 million in anchor capital and aims to raise an additional $3 billion from institutional investors to provide loans in the private credit sector.
Fasanara will manage the portfolio while Tether acts as a co-sponsor and adviser, providing USDT-linked settlement and treasury infrastructure. The fund will target short-duration, asset-backed loans for small businesses and consumers across 60 countries, including trade receivables and supply-chain credit.
#Tether #USDT #PrivateCredit #Stablecoin
💰 Circle Launches Circle Match for Institutional USDC Auctions
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews