ChainCatcher news, according to The Block, Ripple has launched a series of new features for Ripple Custody aimed at helping banks and fintech companies adopt crypto-supported services. These updates include the ability to tokenize real-world assets (RWA), pre-configured operations and strategy settings, integration with Ripple's XRP Ledger blockchain, and an upgraded user interface.

ChainCatcher message, brokerage firm Bernstein released a report indicating that the importance of stablecoins in the global financial system is increasing. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to the US dollar, although there are also stablecoins pegged to other currencies and assets, such as gold.The report noted that after a decline in supply in 2023, the circulation of stablecoins has now rebounded to a record $170 billion, and the monthly on-chain payment volume has tripled over the past 12 months, reaching $1.4 trillion in July. The team led by analyst Gautam Chhugani wrote, "Stablecoins provide international users with access to dollar savings, promoting the digital dollar beyond the United States."The report also highlighted that these cryptocurrencies are achieving deeper integration with payment and fintech companies such as PayPal (PYPL), MercadoLibre (MELI), and Grab (GRAB).

ChainCatcher news, according to News.bitcoin, the Central Bank of Nigeria (CBN) has instructed four fintech companies Moniepoint, Palmpay, Opay, and Kuda to stop creating new accounts, citing that cryptocurrency traders may use these accounts.A report from Techcabal states that shortly after the Economic and Financial Crimes Commission (EFCC) of Nigeria froze over 1,140 bank accounts suspected of being linked to illegal foreign transactions, the CBN issued this directive. The report also cites a statement from a fintech company indicating that the account freezes are temporary. An executive from one fintech company, who wished to remain anonymous, also confirmed the temporary nature of the suspension. The executive also linked the CBN's directive to an ongoing audit of the KYC processes of the affected fintech companies.

ChainCatcher news, according to Tech in Asia, digital payment solution provider FOMO Pay has acquired Singapore fintech companies CapBridge and 1exchange, obtaining the Singapore market operator and capital market services licenses. CapBridge offers capital market products such as securities and collective investment schemes, while 1exchange is a private securities exchange that provides listing opportunities for SMEs, corporations, and institutions.Data from the crypto platform RootData shows that FOMO Pay announced the completion of a $13 million Series A funding round last August, led by Jump Crypto with participation from HashKey and others.

ChainCatcher news, Forbes has released the list of the top 10 fintech companies in the United States for 2023, among which 4 Web3 companies made the list: Ripple (valued at approximately $15 billion, ranked 3rd), Blockchain.com (valued at approximately $14 billion, ranked 4th), OpenSea (valued at approximately $13.3 billion, ranked 6th), and Alchemy (valued at approximately $10.2 billion, ranked 10th). (source link)