archiveStablecoins

Conduit, a cross-border payments firm that uses stablecoins, has raised $36 million in a Series A round to expand its global payment rails, the company said on Wednesday. The round was led by Dragonfly and Altos Ventures, with backing from Circle Ventures and Digital Currency Group among others.Founded in 2021, the Boston-based startup offers real-time payments that blend crypto infrastructure with traditional finance systems. Its platform supports both stablecoins and local fiat currencies, helping businesses in markets with limited dollar access or unstable currencies move money more efficiently.The firm claims...

Fernando Martinez, CEO of NoncoNonco Fernando Martinez talks like a man who’s already seen the future. In it, SWIFT, the messaging networks thousands of banks around the world use to give instructions for transferring funds between accounts, is obsolete. He insists that the global foreign exchange market should run on stablecoins, cryptocurrencies typically pegged to fiat currencies like the U.S. dollar. These convictions underpin his company, Nonco, based in Miami. Founded in 2023 as a spin-out from Hong Kong crypto exchange OSL, it has quietly grown into one of the...

Jeremy Allaire, cofounder and CEO of Circle, at the Paris Blockchain Week summit in Paris, France, on April 9, 2024. Photographer: Nathan Laine/Bloomberg© 2023 Bloomberg Finance LP Intercontinental Exchange (ICE)—the parent company of the New York Stock Exchange, which reported revenues of $9.3 billion in 2024 and has a market capitalization of $101 billion—has signed a memorandum of understanding with Circle, issuer of the world’s second-largest stablecoin, to explore integrating Circle’s products into its trading and clearing empire. Stablecoins are digital tokens designed to maintain stable value, typically pegged to...

The financial services industry is no longer "three to five years" away from digital assets becoming ... mainstream.getty Digital assets, beginning with cryptocurrency and evolving rapidly to include tokenized forms of money and financial instruments, have been with us for well over a decade now. In the beginning they existed on the fringes of established financial systems, but as the world slowly became more accustomed to them, and as they evolved to include central bank digital currencies (CBDCs) and stablecoins, this changed. Stability and utility allowed for a genuine appreciation...