Japan’s Three Megabanks Complete Cross-Border Stablecoin Trial
MUFG, Mizuho and SMBC completed a joint yen stablecoin payment pilot, testing issuance, transfers and redemption ahead of planned commercial use.
The DeFi & FinTech section explores the expanding world of decentralized finance and next-generation financial technology. From lending protocols, staking platforms, and liquidity ecosystems to digital banking, payments innovation, and emerging fintech models, this category covers the tools reshaping how value moves across the digital economy. Readers get clear insights into major developments, integrations, and trends transforming both DeFi and traditional financial technology.
MUFG, Mizuho and SMBC completed a joint yen stablecoin payment pilot, testing issuance, transfers and redemption ahead of planned commercial use.
Circle shares gained 9.33% on October 15 as its USDC business expands, with the company’s next quarterly earnings report scheduled for November 4.
Deutsche Bank expects to launch crypto custody in Germany within weeks and expand to Asian financial centres in 2027, according to its corporate banking co-head.
Charles Schwab has completed its Bitcoin and Ether trading rollout for eligible U.S. retail clients, while crypto transfers are still being introduced in phases.
Stripe and Plasma will develop cards for spending across fiat and stablecoin balances, with infrastructure expansion to 100+ countries planned for 2027.
Ripple Prime brings institutions 24/7 swaps linked to stocks, commodities and currencies through Trade.xyz on Hyperliquid, with RLUSD collateral support.
Visa Direct’s stablecoin prefunding is live through Inyo Global, whose wider payout network spans 180-plus countries, with access subject to eligibility.
Mastercard and BVNK’s new Global Money Platform combines fiat accounts, stablecoins, cards and bank payouts, with Nuvei and Marqeta among early integrators.
Hyperliquid Labs founder Jeff Yan says US regulation should focus on firms operating markets, while the blockchain serves as shared trading infrastructure.
StandX will close remaining positions on January 15 and end withdrawals on January 31, 2027, replacing its token plans with a one-time DUSD airdrop.
A close look at Solana’s DeFi activity on DeFiLlama shows a TVL of $6.03 billion and a modest 0.79% increase in the past 24 hours.
Stripe-owned Privy and Ripple are bringing XRP Ledger wallets into apps, supporting XRP, RLUSD and AI payments, with further integration work planned.