01
Circle agrees to acquire Tazapay for $400 million to expand USDC payment rails
The acquisition would give Circle more direct control over the bank and payout connections needed to move stablecoin-linked payments into local fiat markets at scale.
Daily edition
Fintech / Payments Brief
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
Today’s brief
02
EU researchers urge MiCAR stablecoin safeguards modeled on US-style redemption limits for multi-issuer tokens
If EU and non-EU versions of the same dollar stablecoin remain fungible, Europe could absorb redemption pressure from runs that start outside the EU, forcing regulators to rethink how MiCAR handles cross-border stablecoin liquidity stress.
03
Fnality names Jon Cunliffe UK chair and adds former EU central bankers as it expands tokenized settlement plans
The appointments add central-bank and payments-system credibility to a wholesale settlement network aimed at supporting tokenized assets and atomic cash settlement across currencies.
04
Visa brings onchain lending to stablecoin-linked card programs
It could give stablecoin-card issuers and fintechs a new source of short-term funding tied to payment flows, potentially easing liquidity constraints as programs scale.
05
U.S. Bank pilots USBDC stablecoin for internal cross-border transfer
The pilot shows how a large bank is testing stablecoins to move dollars across borders on a 24/7 basis without abandoning bank-grade control, compliance and reconciliation processes.