Hong Kong and Japan Collaborate on Stablecoin-Based Trade Settlement
The PoC will assess the feasibility and benefits of using stablecoins for international trade, addressing key regulatory and compliance challenges along the way.
The PoC will assess the feasibility and benefits of using stablecoins for international trade, addressing key regulatory and compliance challenges along the way.
With this deal, MoonPay’s financial services will extend to enterprise-grade stablecoin offerings, enabling businesses to accept cross-border stablecoin payments and hold multi-currency treasuries or yield-bearing assets, such as U.S. Treasury bills.
Stablecoins, crucial for liquidity in the crypto economy, have become a cornerstone of activity on Solana, enabling seamless trading in rapidly growing sectors like memecoins and decentralized finance (DeFi).
Ripple introduced the U.S. dollar-pegged RLUSD stablecoin to the Ethereum and XRP Ledger networks in October. According to CoinGecko data, the token currently has a market capitalization of $72 million.
The competition is open to eligible users who register between December 31, 2024, at 10:00 AM (UTC) and January 22, 2025, at 10:00 AM (UTC).