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Search results for Hecto Innovation

Crypto

Hecto WalletOne, Overtake, ItemBay, Sui partner on stablecoin payment PoC

Hecto WalletOne, a blockchain wallet infrastructure company under Hecto Innovation, signed a four-party memorandum of understanding with global Web3 marketplace Overtake, South Korean game item trading platform ItemBay and layer-1 blockchain Sui to conduct a proof of concept for stablecoin payment technology. The companies plan to check operating processes, regulatory response systems, user protection measures and settlement flows in real service environments, ahead of future institutionalisation of stablecoin payments and settlements.

Crypto

Hecto Walletone, Overtake, ItemBay and Sui to pursue stablecoin payment PoC

Hecto Walletone, Overtake, ItemBay and Sui will conduct a proof of concept to apply stablecoin payments to game item transactions. The companies will verify payment infrastructure that uses stablecoin transfers between digital-asset wallets. They plan to review operational processes needed for real services, regulatory response systems, user protection measures and settlement flows. Hecto Walletone will supply Ohi Wallet to ItemBay and provide oversight in line with relevant regulations.

Crypto

HectoWalletOne launches USDC subscription plan to cut multichain burden

HectoWalletOne said on May 15 it will launch a USDC-only pricing plan, called the USDC kit, to meet rising demand for Circle\'s dollar stablecoin. The plan offers Octet APIs for building USDC infrastructure on a single monthly subscription. It supports six networks including Ethereum, Solana, Polygon, Avalanche, Arbitrum and Sui, aiming to reduce multichain infrastructure costs. HectoWalletOne also plans to respond to demand tied to Circle Payments Network use.