Topic
payments
38 stories
SoFi's bank-issued stablecoin adds Polygon, in a launch announced by Polygon itself
SoFi's bank-issued stablecoin SoFiUSD is now live on Polygon's Open Money Stack, extending it beyond Ethereum and Solana, per a Polygon Labs announcement that both The Block and Decrypt reported Thursday.
Visa makes Western Union's USDPT a settlement asset — a corporate milestone built on a token barely six months old
Anchorage Digital and Visa said Western Union's USDPT stablecoin can now settle VisaNet obligations, the first of Anchorage's bank-issued tokens to gain native settlement status on the network.
OpenUSD's fee and equity terms surface: a one-cent cap and warrants for the biggest holders
OpenUSD's governance company Open Standard will charge a 0.1-basis-point payment fee capped at one cent and offer founding partners equity based on how much of the stablecoin they hold and move, per private documents reported by CoinDesk.
BTCPay Server tells merchants to shut down after reports of drained hot wallets
BTCPay Server told merchants on November 1 to shut down their instances after reports that attackers gained admin access and swept bitcoin from internet-connected hot wallets; the project has named no loss figure or fix.
Polygon plugs its payments stack into Solana — a product launch dressed up as a milestone
Polygon Labs added Solana to its Open Money Stack, letting businesses on the rival chain use one integration to move money between bank accounts, stablecoins and global payouts, with cross-border firm Kira as an early customer.
Dogecoin's builders consolidate into one company as the "utility" pitch meets a demand problem
Dogecoin Labs, formed with the Dogecoin Foundation and led by Jordan Jefferson, folds the MyDoge wallet, the unfinished DogeOS app network and the Such App payment tools into one company aimed at everyday DOGE spending.
Coinbase-backed study pegs stablecoin transfers at $400M an hour, mostly after the banks close
A Coinbase and The Block Pro Research study estimates stablecoins moved over $400 million per hour in organic transfers during the third quarter, with 73% of volume settling outside U.S. banking hours.
Mastercard adds a risk-scoring layer for stablecoin payments, with global rollout pushed to 2027
Mastercard launched Stablecoin Security, an API that scores stablecoin payments for fraud and sanctions risk before funds settle on-chain, with Borderless.xyz and Keyrails as first partners and worldwide availability slated for 2027.
Mesh and Visa say they'll let users spend crypto at checkout — once they decide where and when
Crypto payments firm Mesh said it has partnered with Visa to let users spend crypto and stablecoin balances from participating wallet apps at Visa-accepting merchants, though no launch date or supported platforms were named.
Visa Direct puts USDC prefunding into production with Inyo Global as first processor
Visa Direct has moved its USDC stablecoin prefunding service into commercial production through processor Inyo Global, letting eligible payment firms fund cross-border payouts around the clock.
Samsung Wallet to Add USDC Transfers on Solana for U.S. Galaxy Users
The Solana Foundation says Samsung Wallet and Samsung Pay will let U.S. users send Circle's USDC on Solana starting the last week of October, reaching 82 million Galaxy devices.
Samsung Wallet to add Solana-based USDC remittances for U.S. Galaxy users, Solana says
Solana says Samsung Wallet will let U.S. Galaxy users send cross-border USDC remittances starting the last week of October 2026, across 82 million devices.
OpenPayd targets year-end Nasdaq listing through Titan SPAC merger to fund U.S. push
London payments firm OpenPayd says it expects to complete its Nasdaq listing via a Titan Acquisition Corp. SPAC merger by year-end, funding a U.S. launch planned for April 2027.
Ethereum Foundation ships zkAPI, a zero-knowledge way to pay for AI without an identity attached
The Ethereum Foundation and the Open Anonymity Project launched zkAPI, a system using zero-knowledge proofs to let users pay for metered APIs without linking the payment to their identity or prompts.
Open USD stablecoin launches on Solana, backed by $1B liquidity pledge from five payments giants
Open USD, a dollar stablecoin issued by Bridge and backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live natively on Solana on September 30 with more than $1 billion pledged to liquidity.
Solana Foundation Hires Ex-Binance CMO and a Polygon Payments Lead for Two New Senior Roles
The Solana Foundation named ex-Binance marketing chief Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments, in a self-published announcement.
Visa survey says stablecoin interest doubles with 'bank-level' protections — protections stablecoins don't have
A Visa-commissioned survey found U.S. consumer interest in stablecoins jumps from 36% to 56% when respondents are told the tokens carry bank-level fraud protection and deposit insurance — protections stablecoins do not actually have.
MoneyGram puts a stablecoin card in Colombian wallets — and it is careful not to call it a debit card
MoneyGram launched a stablecoin-backed Visa card in Colombia, starting on Circle's USDC with plans to switch to its own MGUSD token, months after quietly shutting down its previous fiat debit card.
South Korea's budget office pegs stablecoin savings for merchants at up to $3.8B — and lists the risks in the same breath
South Korea's National Assembly Budget Office estimated won-denominated stablecoins could cut merchant payment fees by 370 billion to 5.15 trillion won a year, while warning of risks to banks and token pegs.
Dunamu and Visa sign stablecoin and AI partnership, with Open USD "under review"
Upbit operator Dunamu says it has signed a strategic partnership with Visa on stablecoin payments, remittances and AI-driven finance, two days after Visa struck a similar deal with Shinhan Financial Group.
Crypto card spending hit $1.04B in July — with 77% of it coming from three platforms
Card spending funded by crypto reached $1.04 billion in July, roughly triple a year earlier, but three platforms account for 77% of the tracked total and the largest one's numbers are self-reported.
Ramp opens agent wallets to x402 payments on Solana — and calls it an alpha 12 minutes later
Ramp says corporate customers can now provision agent wallets that pay via the x402 protocol on Solana, but the company's own post asks builders to join an alpha, and the headline 35 million transaction figure comes with no time period, no value and no source.
Solana says MoneyGram cash on- and off-ramps are live, with the details still unstated
Solana's official account said MoneyGram Ramps is live, letting wallet developers plug into an API for cash in and out at MoneyGram locations across 170 countries.
MoneyGram says its cash ramps are live on Solana, with one app integrated and no fee disclosure
MoneyGram says its Ramps cash-in/cash-out product went live on Solana on August 11, with wallet app Rift as the first integration; the company has not disclosed fees, supported assets or launch countries.
A MoneyGram-on-Solana "launch" so far exists only as a hype post and a fire emoji
Solana's official account amplified a booster's post claiming MoneyGram Ramps is live on the network, but no MoneyGram or Solana Foundation announcement, fee data, or corridor detail has surfaced with it.
Solana says MoneyGram cash rails are live. MoneyGram hasn't said anything.
Solana's official account says MoneyGram Ramps is now live, offering cash pickup in 170-plus countries, but the claim rests entirely on Solana-side promotion with no MoneyGram statement attached.
MoneyGram Ramps goes live on Solana, announced by Solana itself
Solana's official account said MoneyGram Ramps is now live on the network, offering builders one API for cash-in in 25-plus countries and cash-out in 170-plus, with wallet app Rift the first integration.
MoneyGram's cash network plugs into Solana's developer platform
Solana and MoneyGram say the remittance firm's cash on- and off-ramp API is now live for Solana developers, offering cash-in across 25-plus countries and cash-out in more than 170.
BTCPay Server warns of critical flaw under active exploitation; patch details not yet public
BTCPay Server has warned that a critical flaw in the self-hosted Bitcoin payment processor is under active exploitation, though no CVE number or patched release has surfaced in public reporting yet.
BTCPay Server tells users to patch or power down, citing an actively exploited critical bug
BTCPay Server told users on Aug. 7 to upgrade to version 2.4.2 or shut down their servers, saying a critical flaw is already being exploited and funds may be at risk.
Circle Lines Up Visa, Mastercard and BlackRock as Arc Validators, Decrypt Reports
Decrypt reports that Circle has lined up Visa, Mastercard and BlackRock as validators on Arc, its own Layer-1 network, ahead of a September launch, with terms undisclosed.
Western Union's Stablecard goes live on Solana, per the chain's own account and its card issuer
Solana and card issuer Rain say Western Union's USDPT-backed Stablecard went live on August 4, spendable on Visa rails across 37 markets, though no Western Union statement of its own has surfaced.
Bank of Italy: stablecoin remittances cost 0.3% to 9% once you count the off-ramp
A Bank of Italy mystery-shopping study of USDC transfers across 10 corridors found end-to-end costs of 0.3% to nearly 9%, with blockchain fees a negligible share.
Solana Foundation signs non-binding MOU with Korean payment processor KSNET
Solana's official account says Korean payments processor KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay across a merchant network it describes as 330,000-plus strong.
Ripple executives talk up XRP Ledger's agentic payments after 1 million transactions
RippleX's engineering head told The Block that AI-agent transactions on the XRP Ledger, having just passed 1 million, could reach 10 million or even 100 million within a couple of years — a projection from an interested party, not a milestone reached.
Cardano Foundation joins Linux Foundation's x402 payments standard as the group goes 'operational'
The Cardano Foundation says it has joined the Linux Foundation's newly launched x402 Foundation as an Associate Member, backing an open standard for per-request stablecoin payments by apps and AI agents.
Solana Ships Native Onchain Subscriptions and Spending Allowances
The Solana Foundation says it has deployed a native onchain program for recurring billing, delegated spending, and merchant subscription tiers on mainnet, with all details drawn solely from its own announcement.
MoneyGram Joins Solana's Developer Platform and Runs a Validator, Both Sides Say
The Solana Foundation says MoneyGram has joined its Developer Platform and begun running a network validator, though no product, timeline, stablecoin, or validator details were disclosed.