Search results for Brale
Crypto
Cardano Foundation says OpenUSD integration possible after Visa, Ripple join
The Cardano Foundation publicly raised the possibility of expanding links with the OpenUSD (OUSD) ecosystem. It said partner Brale joined OpenUSD as a launch partner and could help broaden connections with Cardano. The foundation said it is also considering other integration options and will disclose details if discussions progress. The comments came after criticism that Cardano was absent from a public list of organisations linked to OpenUSD.
Crypto
Visa, Brale launch stablecoin institutional payments pilot on Canton Network
Visa and Brale have started a proof-of-concept on the Canton Network for stablecoin-based settlement of institutional payments. The test uses SBC, a dollar-pegged token issued by Brale, to assess institutional payment flows on blockchain infrastructure that supports privacy. The aim is to evaluate whether financial institutions and payment firms can implement fast, programmable settlement while directly controlling how much sensitive transaction data is disclosed.
AI & Enterprise
The Better Money Company raises $10 million to build stablecoin clearinghouse
The Better Money Company has raised $10 million in funding led by a16z crypto, The Block reported on March 31. The company aims to build a clearinghouse to connect the stablecoin ecosystem. It compares today’s stablecoin market to the fragmented U.S. dollar system in the 19th century, arguing that a clearinghouse is needed to integrate many-to-many markets and enable scaling. It says current structures are costly and lack automation.