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Circle has initiated the minting of its stablecoin, USDC, directly on Ethereum’s layer-2 solution, Polygon, aiming to enhance transaction speed and reduce fees. Circle, a major stablecoin issuer, unveiled its plans to mint its stablecoin, USD Coin (USDC), directly on Ethereum’s layer-2 scaling solution, Polygon. This progressive step eliminates the need
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service. FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure. Dropp is expected to facilitate low-fee
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Chinese super app WeChat is the second multipurpose social media platform in the country, after Alipay, to integrate digital yuan payments. WeChat has integrated the digital yuan into its platform to facilitate faster and more seamless user payments. The move by the leading Chinese social networking and payment app also
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Wire transfers to Bitso Shift will take between 24 to 48 hours to process, while in-app exchanges between U.S. dollar-backed stablecoins and Mexican pesos will be processed in seconds, according to Bitso. No minimum transaction volumes or balance amounts are required, the company added. Original Source
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PricewaterhouseCoopers (PwC) Switzerland has “hired” smart contract audit firm ChainSecurity’s team, folding the company and its expertise into the Big Four accounting firm, the companies announced earlier this week.In what seems like an acquisition in all but name, the seven technical engineers are joining the accounting firm and to bolster
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French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex.Cybersecurity-focused exchangeBuilt by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its crypto assets, according to a press release shared with
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