Visa Direct has begun offering a stablecoin prefunding capability to cross-border payment companies, allowing eligible clients and partners to use USDC to prefund Visa Direct cross-border payment funds in near real time. The first integrator, Inyo Global, has integrated the capability into its platform, enabling businesses to manage cross-border payments through existing Inyo APIs across more than 180 countries.
推荐理由：The original text explains how Visa Direct uses USDC prefunding to support cross-border payments and describes Inyo Global’s integration method and coverage, making it easier to understand the specific use of stablecoins in the prefunding process.
Stripe has introduced three global updates for fintech companies, including expanding Global Payouts, launching stablecoin card issuance in 27 EU countries, and providing a unified API stack. Global Payouts now supports sending instant stablecoin payments to 160 markets and fiat currency payments to more than 100 markets; stablecoin cards are available in more than 65 countries worldwide, with plans to expand to 100 countries by the end of 2026.
推荐理由：The update brings payments, stablecoin card issuance, and Treasury capabilities into a unified stack, providing a concrete reference for the coverage and compliance integration of cross-market financial products.
Circle plans to enter about 50 emerging and developing markets to meet growing demand for digital dollar payments in Southeast Asia, Latin America and the Middle East. USDC circulation is approximately $72.6 billion, accounting for about a quarter of the stablecoin market; Circle will also support its expansion through the acquisition of Tazapay, the launch of the Arc blockchain and approval for a US federal trust bank. The article also notes that AI agents are increasingly using USDC for micropayments.
推荐理由：The article places Circle’s market expansion alongside the acquisition of Tazapay, the Arc blockchain and approval for a US federal trust bank, presenting the path for USDC’s shift from crypto trading toward payments and cross-border remittances.
Visa allows eligible businesses to prefund cross-border payments using USDC, with Inyo Global becoming the first Visa Direct processor to put the service into commercial use. Through Inyo’s existing API, eligible remittance institutions, fintech companies, and payment companies can fund payments in near real time and use the service around the clock, subject to eligibility and geographic requirements.
推荐理由：The service connects USDC prefunding to the Visa Direct cross-border payment process, demonstrating a specific use of stablecoins in liquidity management and around-the-clock payment readiness.
Stripe and Plasma have partnered to launch a multi-currency stablecoin card, allowing cardholders to spend directly from the currencies they already hold and reduce unnecessary conversion and FX costs. The program currently covers more than 30 countries and supports USD, EUR, OUSD, and stablecoins that meet GENIUS-ready requirements, with the goal of expanding to more than 100 countries by 2027. Stripe’s stablecoin card infrastructure will also support more currencies and stablecoins, enabling businesses operating across markets to issue cards matched to their spending needs.
推荐理由：The project covers both fiat currencies and stablecoins, and provides the current country coverage and subsequent expansion target, making it easier to assess the use cases for multi-currency cards in cross-border spending and corporate card issuance.
Stablecoin payments provider Noah has obtained a MiCA crypto-asset service provider license and a PSD2 payment institution license, allowing it to provide stablecoin and fiat payment services in the 27 EU member states. The licenses support its ability to hold, exchange, and transfer stablecoins on behalf of clients, and execute fiat payments via credit transfers; Noah also said it will seek direct access to the SEPA network. The company said its service network now covers more than 150 markets and 60 currencies, enabling clients to complete KYC and KYB through a single regulated provider.
推荐理由：The article explains the MiCA and PSD2 licenses within the same framework, helping readers understand how stablecoin service providers can use unified authorization to cover the 27 EU member states.
Large banks are competing for corporate deposits through faster cross-border payments, tokenized deposits, digital platforms, and automated treasury management capabilities, while giving CFOs greater control over fund routing and liquidity. JPMorgan Payments reported quarterly revenue of $5.6 billion, up 14% year over year; Citi said tokenized deposits are already operating in seven markets globally and connected to its 24/7 clearing capabilities.
Visa has launched a commercial service incorporating stablecoins into Visa Direct and, through Inyo Global, supports businesses in sending domestic and international payouts to more than 180 countries; Mastercard has partnered with BVNK to launch the Global Money Platform. The platform allows users to spend stablecoins at hundreds of millions of merchants worldwide that accept Mastercard, with initial users including Nuvei, Marqeta, Ontop, Beem, and Almond Fintech.
推荐理由：The two services cover stablecoin funding, cross-border payouts, and merchant spending respectively, demonstrating concrete pathways for card networks to integrate stablecoins into everyday money movement.
Mastercard and BVNK have launched Global Money Platform, integrating Mastercard’s payment capabilities with BVNK’s stablecoin infrastructure, now available through BVNK. Banks, fintech companies and businesses can embed multi-currency accounts into their own products and manage funds, payments and settlement; the accounts support fiat and stablecoins, real-time conversion, stablecoin-linked cards and local bank payments. The platform will also support other regulated forms of money in the future, including agentic commerce and tokenized deposits.
推荐理由：The platform integrates fiat accounts, stablecoin infrastructure, real-time conversion and local payments into a single product, enabling banks, fintech companies and businesses to build multi-currency financial services.
MAS has granted KPay subsidiary KPay Merchant Service (Singapore) Pte. Ltd. a Major Payment Institution (MPI) license, allowing it to provide merchant acquiring, domestic remittance, and cross-border remittance services in Singapore.
推荐理由：The license covers merchant acquiring as well as domestic and cross-border remittances, and is linked to the product expansion of Online Payments and KPay POS, highlighting its business strategy in Singapore.
推荐理由：The two types of licenses correspond to merchant acquiring and cross-border account services, respectively. The materials also explain that Alipay+ does not rely on the new licenses, making it easier to distinguish its business pathways in the UAE.
Ant International has obtained the Retail Payment Services and Card Schemes Category II (RPSCS) license and the Stored Value Facilities (SVF) license issued by the Central Bank of the UAE.
推荐理由：The article distinguishes the new licenses from the existing Alipay+ partnership arrangements and explains the subsequent service pathways for Antom and WorldFirst in the UAE.
Polygon Labs has completed its acquisition of Coinme, gaining money transmitter licenses in 37 states, 11 exemptions, and FinCEN MSB registration, expanding its regulated payments coverage to 48 U.S. states. These credentials will be integrated into Open Money Stack, which brings fiat on- and off-ramps, wallets, cross-chain routing, and settlement into a single integration. Businesses can use stablecoins to hold or settle funds and pay recipients in their local currency.
推荐理由：The material presents both the expansion of licenses and the compliance disposition, allowing readers to see the regulatory constraints that accompany Polygon’s efforts to complete its payments infrastructure through the acquisition.
Cleveland Federal Reserve Bank对第四联邦储备区企业的调查显示，稳定币短期内难以成为美国支付领域的颠覆性力量。148名受访者中仅1家已使用稳定币，7家计划未来使用；企业主要受技术陌生、满足于现有支付选项，以及客户和供应商需求不足影响。跨境支付被部分行业顾问视为稳定币最具潜力的应用场景。
Stablecoin startups including Rain and MassPay are bringing digital assets into everyday payments, using connections to traditional payment rails, real-time payment systems and mobile wallets to facilitate sending and receiving funds. Rain launched a digital wallet for stablecoin balances this week, supported by its card-issuing infrastructure, and plans to offer a custodial wallet by year-end. MassPay, meanwhile, serves about 300 businesses and processes tens of billions of dollars annually, with approximately 10% completed in stablecoins and about half involving cross-border payments.
推荐理由：The article compares Rain’s stablecoin payment infrastructure with MassPay’s payout connectivity, and provides customer, geographic and processing-scale details to help assess how stablecoins are being integrated into everyday payments.
稳定币初创公司Rain和MassPay正通过连接传统支付轨道、实时支付系统和移动钱包，扩大稳定币在企业付款、代付和消费者支付中的应用。Rain推出由其发卡支持的稳定币数字钱包，目前采用非托管模式，并计划在年底前提供托管钱包，同时申请OCC national trust charter。MassPay拥有约300家企业客户，年处理金额达数百亿美元，其中约10%以稳定币支付，约一半跨境流动。
The Bank of England’s Money Markets Committee updated its plans to extend RTGS and CHAPS settlement hours to support innovation, cross-border payments and liquidity management. Feedback on the May 2026 consultation paper was broadly supportive of extending the existing operating day, but members noted that liquidity facilities outside operating hours, liquidity and collateral management on weekends and bank holidays, operational resilience and value date rollovers still need to be addressed. The Bank of England said it would continue working with the industry to further clarify the proposal.
推荐理由：The meeting minutes show the level of support for extending RTGS and CHAPS settlement hours, as well as implementation constraints involving liquidity, collateral and operational resilience, helping market participants understand the priorities for near-24x7 settlement.
The Financial Stability Board (FSB) warned that global stablecoins and national regulatory frameworks have not yet been tested by a severe market crisis, potentially exposing cross-border gaps in redemptions, reserve transfers and the recovery of holders’ funds. The FSB recommended strengthening cross-border information sharing and monitoring, as well as contingency planning for stablecoin distress or failure; stablecoin market capitalization has risen from approximately $206 billion at the beginning of 2025 to $306 billion. The recommendations are not legally binding, but members typically commit to implementing common standards domestically.
Mastercard CEO Michael Miebach表示，稳定币可替代耗时数日且费用不透明的传统跨境支付方式。Open Standard的OUSD已上线，Mastercard是企业接入OUSD的四条路径之一。相关报告称，跨境B2B转账已是稳定币的重要支付场景，稳定币可改善速度、成本和货币敞口问题。