Chainfeeds Guide:
Which regions have truly unleashed the potential of stablecoins as "infrastructure"? What new challenges are emerging, testing their institutional adaptability and compliance flexibility?
Article Source:
https://mp.weixin.qq.com/s/WY_9AaxBXDt3h0klTEHz7Q
Article Author:
Cobo
Perspective:
Cobo: Mastercard announced the integration of PayPal's PYUSD, Paxos-led USDG, and Fiserv's newly launched FIUSD into its global payment network, expanding its already supported Circle USDC ecosystem; the payment giant will collaborate with Fiserv to introduce FIUSD into card products, cross-chain channels, and merchant settlement systems, and join the Global Dollar alliance behind USDG stablecoin; Mastercard will support cross-border stablecoin transactions through Move service and allow consumers to use fiat and stablecoin balances simultaneously on a single interface through One Credential technology. Stablecoin payment platform Rain, in partnership with compliance service provider Toku, launched a cross-border stablecoin payroll system, enabling companies to settle employee salaries in real-time via stablecoins; the system supports Circle's USDC, Ripple's RLUSD, and Global Dollar's USDG, with plans to add more options based on customer needs and compliance assessments; the platform seamlessly integrates with mainstream payroll systems like ADP, Workday, and Gusto, allowing companies to deploy within a week while meeting labor and tax compliance requirements for over 100 countries. USDC and cross-chain transfer protocol CCTP V2 are now live on Codex blockchain, designed specifically for B2B stablecoin transactions; Circle Mint and its API fully support USDC on Codex, enabling qualified enterprises to easily access USDC liquidity and enjoy the blockchain's fast and secure network advantages; Codex is a new EVM blockchain focused on performance, compliance, and cost-efficiency, aimed at bringing more real-world commercial activities on-chain, especially in the most challenging payment corridors.
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