- Consortium Backed by Visa, Mastercard, Stripe, and Coinbase Launches Open USD
Open Standard, a 140-member consortium, introduced the Open USD stablecoin to share reserve earnings minus management fees with integrating businesses. The token enables fee-free minting and redemption at par, and Stripe plans to support it across settlement, embedded wallets, and card issuing.
- Lloyds and Visa Complete Stablecoin Pilot for Cross-Border Settlement
Lloyds Banking Group and Visa completed a seven-day pilot that settled $750,000 in cross-border obligations from Jersey to the U.S. in under an hour. The trial connected Lloyds' Canton node with a public blockchain backed by Visa to demonstrate network interoperability.
- UK FCA Opens Authorization Process for Full Crypto Oversight
The Financial Conduct Authority has launched application processes to place crypto firms under full regulatory oversight starting October 2027. Applicants will need to satisfy requirements covering consumer protection, market integrity, financial resilience, and client-asset safeguarding.
- Binance Pay Integrates PayPay Network in Japan via HIVEX
Binance Pay expanded into Japan through PayPay's merchant network, enabling foreign users to make purchases using more than 100 cryptocurrencies settled via Tether. Participating merchants receive settlements in Japanese yen without needing to register or hold digital assets directly.
Consortium Backed by Visa, Mastercard, Stripe, and Coinbase Launches Open USD
Open Standard, a 140-member consortium, introduced the Open USD stablecoin to share reserve earnings minus management fees with integrating businesses. The token enables fee-free minting and redemption at par, and Stripe plans to support it across settlement, embedded wallets, and card issuing.
Lloyds and Visa Complete Stablecoin Pilot for Cross-Border Settlement
Lloyds Banking Group and Visa completed a seven-day pilot that settled $750,000 in cross-border obligations from Jersey to the U.S. in under an hour. The trial connected Lloyds' Canton node with a public blockchain backed by Visa to demonstrate network interoperability.
UK FCA Opens Authorization Process for Full Crypto Oversight
The Financial Conduct Authority has launched application processes to place crypto firms under full regulatory oversight starting October 2027. Applicants will need to satisfy requirements covering consumer protection, market integrity, financial resilience, and client-asset safeguarding.
Binance Pay Integrates PayPay Network in Japan via HIVEX
Binance Pay expanded into Japan through PayPay's merchant network, enabling foreign users to make purchases using more than 100 cryptocurrencies settled via Tether. Participating merchants receive settlements in Japanese yen without needing to register or hold digital assets directly.