Search results for Mexican peso
Crypto
Stablecoin payments are not just about sending funds; key is local currency and FX settlement
As stablecoin payments move into mainstream financial infrastructure, the ability to secure local currency liquidity and handle foreign-exchange settlement is becoming a key competitive factor. Visa’s new stablecoin platform lets banks, fintechs and payment firms hold, transfer and redeem stablecoins in its environment. But broader adoption may depend less on moving tokens and more on converting funds into the recipient’s desired currency within existing FX rules and settlement systems.
Crypto
Gauntlet raises $125 million in Series C to expand stablecoin-supported currencies
Crypto yield curator Gauntlet raised $125 million in a Series C round. A recent report by The Block said Japan\'s SBI Holdings made the sole investment through its U.S. subsidiary, SBI Holdings USA. Gauntlet plans to use the funds to expand stablecoin-supported currencies beyond the dollar and euro to include the Mexican peso and Japanese yen. It also plans to launch new on-chain products and expand its global team with AI-assisted operations.
Finance
Shinhan Bank launches cross-currency overseas remittance for corporate clients
Shinhan Bank is launching a cross-currency overseas remittance service for corporate clients to improve convenience for overseas payments and global cash management. The service uses U.S. dollars during processing while paying recipients in local currency. It will be available at Shinhan Bank branches. The bank will support 11 currencies including the Taiwan dollar, Mexican peso, Malaysian ringgit and Philippine peso, and plans to expand to 27 currencies in July.
