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Search results for Aug. 11

Crypto

Payment platform Decta pursues use of stablecoin for international treasury settlements

Payment platform Decta is pursuing a plan to introduce the USDC stablecoin for its international treasury settlement work. It plans to convert corporate funds into USDC through OpenPayd infrastructure and use it for international operational settlements. Decta said the integration would speed up fund transfers between overseas entities and improve liquidity management and treasury operations. Decta UK CEO Scott Dawson said it wants technology that keeps existing controls and compliance while making operations faster and simpler.

Crypto

Arthur Hayes says U.S.-Japan currency intervention that boosts dollar liquidity could lift bitcoin

Arthur Hayes (아서 헤이즈) said bitcoin could face upward pressure if U.S. and Japanese currency intervention expands dollar liquidity. He highlighted the Fed’s FIMA Repo facility, which allows foreign central banks and international organisations to borrow dollars against U.S. Treasuries. Hayes outlined steps in which Japan borrows dollars, sells them for yen and buys domestic assets, while the Fed expands its balance sheet. He also discussed ethereum and Ethena, and disclosed Maelstrom’s bullish bitcoin position.

Crypto

Korbit changes company name to DigitalX, service name to be revamped later

DigitalX Co Ltd, which operates Korbit, said it has completed registration of a corporate name change effective Aug. 11. The former corporate name was Korbit Co Ltd. The change applies only to the corporate entity, and the Korbit name used on the app, website and customer communications will remain for now. It said service operations, asset custody and personal data processing will stay the same. The company plans to change the exchange service name later but has not disclosed timing or the new name. It also warned users about phishing attempts.