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first_img Payment company Saber Money received strategic investments from Tether and Titan Fund

On October 15, Saber Money, a payment infrastructure company based in San Francisco, announced a strategic investment from Tether and Titan Fund under Hong Kong's CMCC Global, with the amount undisclosed. The company provides cross-border remittance services for financial institutions, fintech companies, and enterprises in emerging market corridors, and operates the Indian cryptocurrency exchange Mudrex. The company stated that the funds will be used to deepen existing corridors and expand into emerging markets in the Asia-Pacific and Gulf regions, focusing on obtaining local licenses and banking relationships.Tether CEO Paolo Ardoino stated that emerging markets represent the next stage of global payments, and stablecoins are the relevant infrastructure, with Saber having regulatory depth and market access in Asia and the Middle East. Shiau Sin Yen, co-founder and managing partner of Titan Fund, mentioned that Asia accounts for approximately 53% of global remittances, and cross-border B2B stablecoin payments are expected to reach $5 trillion by 2035. Saber Money CEO Edul Patel stated that the company provides stablecoin payment rails to markets such as the Asia-Pacific and Gulf for near-instant, round-the-clock settlement, and plans to expand B2B payments for vendor payments, fund management, and cross-border working capital.Saber Money has held or obtained licenses, registrations, or authorizations in Canada, the European Union, India, and Australia. Over the past nine months, payment volume has increased more than sixfold, processing billions of dollars in payments across more than 40 countries, with over 90% of payments completed within one minute. The company's backers include Y Combinator, Nexus Ventures, Tether, and Titan Fund of CMCC Global. Market data listed by the company indicates that the Asia-Pacific accounts for about 35% of global payment flows, with South Asia and East Asia and the Pacific receiving over $1 trillion annually, and the UAE expected to remit about 188 billion dirhams by 2025.

Bitcoin.com exclusive interview with Gate founder and CEO Dr. Han: Creating an integrated financial application Gate Money, reshaping the experience of capital flow

Recently, Gate founder and CEO Dr. Han accepted an exclusive interview with the cryptocurrency media Bitcoin.com, reflecting on Gate's journey from developing its underlying trading system in 2013 to becoming a platform serving over 61 million users across more than 130 countries and regions. He further elaborated on the strategic vision of the TOKEN2049 keynote speech "One Gate, Everything Money."Dr. Han stated that in the face of the long-standing barriers between traditional finance and the cryptocurrency market, users have often faced the dilemma of fragmented capital management. They not only need to frequently transfer funds between banks, brokerages, and cryptocurrency platforms but also have to keep a large amount of cash idle in bank accounts, suffering losses from inflation and lack of returns. Meanwhile, high-quality assets like stocks and gold are difficult to consume immediately due to liquidity constraints.To address this industry pain point, Gate officially launched the integrated financial application Gate Money, which consolidates fiat currency, cryptocurrency assets, gold, ETFs, and over 12,800 global stocks into a single account. Users no longer need to hold large amounts of low-yield idle cash and can allocate capital to high-quality assets with value preservation and appreciation potential. When a consumption demand arises, the system will instantly convert the corresponding assets into fiat currency for payment, keeping the funds in an investment state before consumption.

Gate Founder and CEO Dr. Han: Gate Money connects assets, funds, and payments, reshaping the new landscape of digital finance

During a live AMA interview hosted by CoinMarketCap, Gate founder and CEO Dr. Han discussed the development direction of digital finance, the product positioning of Gate Money, and the accelerated integration of digital assets with traditional finance.Dr. Han stated, "The future of digital finance lies not only in providing more asset choices but also in connecting assets, funds, and payments, allowing users to manage assets, transfer funds, and meet daily payment needs more conveniently within one ecosystem." Upholding the core concept of "One Gate, Everything Money," Gate Money integrates services such as digital assets, fiat currency, stocks, ETFs, gold, bank accounts, payments, and asset management into a single account, covering scenarios like asset holding, receiving payments, transferring, exchanging, paying, and earning. Users in eligible regions can also open an e-banking account with the same name and use the Gate Card for online and offline consumption with fiat or digital assets, further bridging asset allocation and daily payment scenarios.Regarding the accelerated integration of digital assets and traditional finance, Dr. Han also explored the roles of stablecoins and asset tokenization in cross-border capital flow, on-chain settlement, and financial service innovation. As user demands extend from single transactions to investment management, fund transfers, and daily consumption scenarios, Gate will continue to expand the asset categories, payment methods, and service capabilities of Gate Money, enriching the application of digital assets in diverse financial scenarios and providing users with a more integrated financial service experience.

Analysis: It is not common for the Federal Reserve to raise interest rates in October or November before the midterm elections, and the market is paying attention to the remarks by Waller

In September, the U.S. CPI rose 3.7% year-on-year and 0.6% month-on-month, while the core CPI increased 2.6% year-on-year and 0.3% month-on-month, all exceeding market expectations. Following the data release, market bets on a 25 basis point rate hike by the Federal Reserve in October rose to about 40%, up from around 20% the previous day.The Federal Reserve just raised rates by 25 basis points last month, marking its first rate hike of 2023. The next rate decision will be announced on October 28, just 6 days before the U.S. midterm elections on November 3. Inflation continues to remain above the Federal Reserve's 2% target, and economic activity remains resilient, providing grounds for further rate hikes.Economists from institutions such as Jefferies and Nationwide believe that there is data support for rate hikes in both October and December. Some analysts also expect that the Federal Reserve may consider the timing of the elections and potential economic vulnerabilities, choosing to delay until December. Historical data shows that the Federal Reserve rarely raises rates in October or November before midterm elections, and the market will be paying attention to Federal Reserve Chairman Kevin Walsh's remarks before entering the pre-meeting blackout period.

first_img The Dutch central bank granted Qivalis an electronic money institution license to issue a euro stablecoin

According to CoinDesk, the consortium Qivalis, supported by 37 major European banks, announced that the Dutch Central Bank (DNB) has granted it an Electronic Money Institution (EMI) license, bringing it closer to issuing Euro-denominated electronic money tokens (EMT). The Amsterdam-based company still needs to meet the remaining requirements of the EU's Markets in Crypto-Assets Regulation (MiCA), including publishing a white paper, in order to issue the token in the coming months.This license enables Qivalis to provide a blockchain-based method for transferring Euros for banks and payment institutions. Qivalis plans to distribute its tokens through banks, cryptocurrency exchanges, and payment service providers, rather than directly to consumers. Since its establishment in September 2025, the consortium has expanded to 37 European banks, including BBVA, BNP Paribas, ING, and DZ Bank, and has chosen Fireblocks to provide digital asset infrastructure.According to MiCA regulations, EMTs are classified as stablecoins, but not all stablecoins are EMTs. EMTs are pegged to a single fiat currency and must be issued by authorized credit institutions or electronic money institutions, with holders having legal claims to them and the right to redeem them at face value at any time, and EMTs cannot pay interest.Qivalis CEO Jan-Oliver Sell stated that the currency in Europe should be carried on-chain by European rules, and Europe should have Euro-denominated on-chain settlement assets issued under European law and subject to European regulatory standards.
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