The post Stablecoin Cross-Border Remittance Enables Hyundai Card’s Efficient PoC appeared on BitcoinEthereumNews.com.
Hyundai Card has pulled off something that most corporate finance teams have only theorized about: a real, live stablecoin cross-border remittance between two overseas subsidiaries of one of South Korea’s biggest conglomerates — and it took just seven minutes. Key takeaways Hyundai Card and Hyundai Motor completed a stablecoin cross-border remittance proof of concept that goes beyond technical testing, reaching operational readiness for real-world deployment. The first PoC converted USD 20,000 from Hyundai Motor America into USDT, transferred it to Hyundai Motor Mexico, and converted it back to dollars — the entire process averaging seven minutes. Participants included Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Avalanche, and Axiym. A second PoC targeting Hyundai Motor’s European entities will bring in Circle and Visa, testing local currencies be
The post PayPal Brings $PYUSD To Polygon To Expand Compliant Stablecoin Payments appeared on BitcoinEthereumNews.com.
PayPal, a well-known financial technology entity, is making its $PYUSD stablecoin available on Polygon, a prominent blockchain platform. The integration of $PYUSD into Polygon Open Money Stack is set to expand compliant stablecoin payments. As PayPal disclosed in its official press release, the development permits businesses to leverage $PYUSD for transfers across borders with native compliance, streamlined settlement infrastructure, and regulated off- and on-ramps. This rollout occurs at a time when the stablecoin network of Polygon keeps expanding, with its cumulative stablecoin supply hitting nearly $2.6T following doubling over the year. PayPal’s $PYUSD Goes Live on Polygon Open Money Stack Before GENIUS Act Deadline The integration of PayPal’s $PYUSD into Polygon Open Money Stack comes ahead of the 18th of July, the deadline for the United States-based regulators t
Aave's Stable Vaults could attract institutional investors to DeFi, but centralization risks and rate sustainability remain key concerns.
The post Aave Labs rolls out Stable Vaults for predictable stablecoin yield appeared first on Crypto Briefing.
The post USDT Delisting Revolut: Impact of EU MiCA Regulation appeared on BitcoinEthereumNews.com.
Revolut is cutting off access to USDT for customers across the European Economic Area and Switzerland, with the full delisting scheduled to wrap up by August 31, 2026. The decision, driven by the EU’s sweeping Markets in Crypto-Assets Regulation (MiCA), puts Revolut among a growing list of European crypto platforms quietly stepping away from the world’s largest stablecoin — and raises real questions for the millions of users caught in the middle. Key takeaways Revolut will delist USDT for customers in the EEA and Switzerland, with the process completing by August 31, 2026. The delisting follows a review under the EU’s MiCA framework; Tether chose not to seek MiCA authorization. USDT support continues unchanged on Revolut outside the EEA and Switzerland. The delisting of USDT already began on Revolut’s Revolut X trading platform for EEA customers before this announcement. Switzerland is in
The post PayPal’s Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access appeared on BitcoinEthereumNews.com.
Polygon’s Open Money Stack now supports PayPal’s PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately. PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native issuance by Paxos. The latest move allows businesses to use the token for cross-border payments through Polygon’s Open Money Stack. Companies already processing payments on Polygon can now access PYUSD directly through the wallets, fiat ramps, and compliance services they already use. PYUSD Goes Native on Polygon According to the press release shared with CryptoPotato, businesses can now accept funds from cards, bank accounts, or exchange balances, convert and transfer PYUSD internationally, and cash out into local currencies through one integrated system. Polygon Labs said this simplifies the process of deploy
The post Tether (USDT) Delisted by Revolut Across EEA and Switzerland by August 2026 appeared on BitcoinEthereumNews.com.
USDT News Revolut is removing Tether (USDT) from its retail crypto offering for customers across the European Economic Area (EEA) and Switzerland, the company confirmed. The digital banking platform said support for the largest dollar-pegged stablecoin will continue for users in other regions, framing the move as a periodic review of its crypto services under the European Union’s Markets in Crypto-Assets Regulation (MiCA). Customers were notified that the token would leave the platform by Aug. 31, 2026. The decision narrows European access to USDT and adds Revolut to a lengthening list of EU-facing platforms retreating from the asset as the bloc’s licensing rules take hold. The retreat reflects a wider realignment in Europe, where trading venues have steadily phased out USDT after Tether declined to seek authorization under MiCA. Tether, issuer of the roughly $184 b
The GENIUS Act's regulatory framework boosts stablecoin growth, but ongoing concerns about reserve quality and liquidity risks persist.
The post Federal Reserve’s Williams says he’s less worried about stablecoin risks appeared first on Crypto Briefing.
Europe’s stablecoin rulebook is becoming much more real. ESMA’s finalized MiCA guidelines add another layer of detail to how stablecoin issuers and service providers are expected to operate inside the bloc, especially wh
Polygon's Open Money Stack now supports PayPal's PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately.
