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HIFI Closes $37M Series A, DTCC Live Trading and Visa Partnership Prove Key Bargaining Chips
Blockchain

HIFI Closes $37M Series A, DTCC Live Trading and Visa Partnership Prove Key Bargaining Chips

Stablecoin payments company HIFI announced a $37 million Series A round led by Left Lane Capital, coming right after the company took part in DTCC's live tokenized securities trading and struck a partnership with Visa.

Circle Mints 10 Billion ARC Tokens, BlackRock and Visa Reportedly Among Arc Mainnet Validator Nodes
Blockchain

Circle Mints 10 Billion ARC Tokens, BlackRock and Visa Reportedly Among Arc Mainnet Validator Nodes

Circle has confirmed the genesis mint of 10 billion ARC tokens was completed this week, though whether they'll go public remains undecided. According to The Block, BlackRock and Visa have appeared on the Arc mainnet's validator node list.

Visa's Stablecoin Settlement Volume Tops $20B Annualized, Up Over 15x Year-Over-Year
Blockchain

Visa's Stablecoin Settlement Volume Tops $20B Annualized, Up Over 15x Year-Over-Year

The Block reports that Visa's annualized stablecoin settlement volume has surpassed $20 billion, marking a year-over-year increase of more than 15x, while overall payment volume grew nearly 200% over the same period.

Dunamu and Visa form alliance for stablecoin and AI business, OUSD included in potential cooperation options
Blockchain

Dunamu and Visa form alliance for stablecoin and AI business, OUSD included in potential cooperation options

Dunamu and Visa announced their cooperation in the fields of stable currency and artificial intelligence, and stated that they may evaluate the use of Open USD (OUSD) in the future. Details have not been further disclosed.

Rain CEO: Over 100,000 Merchants Unknowingly Already Processing Stablecoin Transactions
Blockchain

Rain CEO: Over 100,000 Merchants Unknowingly Already Processing Stablecoin Transactions

Rain CEO Farooq Malik points out that over 100,000 merchants are accepting stablecoin payments completely unaware, with these transactions settled through Visa taking three days to complete.