Kraken parent Payward agrees to buy Reap for up to $600M
The cash-and-stock deal targets card issuance and cross-border rails for Payward Services, with a 2H 2026 close pending approvals.
The cash-and-stock deal targets card issuance and cross-border rails for Payward Services, with a 2H 2026 close pending approvals.
Stablecoin issuers warn a VASP-only transfer regime could force whitelists and token re-issuance for GBP stablecoins.
The product pairs regulated fiat and crypto money movement with agent IDs, limits, and audit trails for compliance.
The endorsement puts Stablecore in front of roughly 175 member banks as Senate market-structure talks resume May 11.
The push lands as the Eurosystem readies the Pontes DLT-to-TARGET pilot for Q3 2026 and the ECB runs a longer Appia roadmap to 2028.
Banks signaled proposed edits within days as crypto firms push for a Senate markup next week.
The setup arrives as stablecoin transfer volume falls 19% to $8.3T and BitMine deepens ETH exposure despite $6.5B+ paper losses.
Resolution BCB No. 561 forces eFX providers to settle via supervised FX trades or non-resident BRL accounts.
Final terms exceeded January’s 9.3M-share figure, keeping BKKT traders focused on dilution and execution.
USD-linked tokens made up 40% of buys versus 18% for Bitcoin, even as BTC stayed in 52% of portfolios.
Spain represented about 36% of EURC transactions and 25% of volume on Brighty, with an average payment near €49.
The feature supports USDT, USDC, and DAI from 13 listed networks and launches with an Apr. 27–May 10 Telegram Premium draw.
Unbacked rsETH minting drove 100% pool utilization, $6–10B Aave outflows, and double-digit stablecoin yields across DeFi.
The exchange says millions of forms tied to sub-$1 activity show the reporting regime is capturing micro-transactions.
DoorDash’s May 6 earnings date is the next checkpoint for details on rollout scope and payment flows.
The setup runs through Zodia’s Interchange layer and keeps collateral in segregated custody while executing on BitMEX.
The bank says investors can transact via stablecoins or fiat, with tokens delivered to their wallets after subscription.
Stablecoin rewards language remains the key unresolved issue as industry pressure builds on Senate Banking.
The test runs on Mastercard’s Multi-Token Network and targets back-end clearing, not the checkout experience.
Pablo Hernández de Cos urged tighter cross-border stablecoin rules as dollar tokens scale toward systemic relevance.