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WasabiCard featured in a special report by Forbes, focusing on the development opportunities of stablecoin payment infrastructure

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

BIT adds Clear Street as a clearing partner, strengthening the infrastructure layout for U.S. stocks

As the scale of the U.S. stock business continues to grow, BIT (formerly Matrixport) has added U.S. institutional-level clearing service provider Clear Street as a partner, marking a higher standard of development in BIT's underlying infrastructure construction for U.S. stocks.BIT's U.S. stock business adopts an Omnibus IB structure, with all orders cleared and custodied by licensed clearing institutions based in the U.S. Currently, BIT has established partnerships with three licensed U.S. institutions: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS).Among them, Clear Street, supported by approximately $1 billion in financing and a strong capital base, processes about 550 million shares and approximately $28.4 billion in nominal trading volume daily, demonstrating the capability to serve large institutional clients with clearing and execution services. For users, this means that there is stronger institutional-level infrastructure support behind the transactions, resulting in a more stable system that is less prone to interruptions or delays during extreme market conditions, while also helping to provide more ample liquidity support and asset security guarantees.Compared to the industry’s common practice of using a single clearing partner, a multi-institutional parallel clearing structure can effectively disperse operational risks on the platform, enhancing the stability and continuity of transactions.BIT stated that in selecting clearing partners, the platform will continue to assess core indicators such as asset scale, net capital levels, and risk control capabilities to match the asset allocation needs of global users.
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