ChainCatcher news, according to Bloomberg citing informed sources, the stablecoin payment company BVNK, backed by Tiger Global, is in preliminary financing talks with potential investors, aiming to raise at least $50 million. The valuation and specific amount of this round of financing may change during negotiations.BVNK's financing plan comes shortly after payment giant Stripe acquired a significant player in the stablecoin payment sector, demonstrating venture capital firms' continued optimism about the stablecoin payment space.

ChainCatcher news, blockchain and tokenization infrastructure platform Paxos has launched its new stablecoin payment platform. Stripe's Pay with Crypto product is powered by Paxos' stablecoin payment infrastructure, making it easier for merchants to accept stablecoin payments.Paxos supports instant conversion between USD and PYUSD, USDP, and USDC for received payments, expenditures, and refunds. After receiving stablecoin payments through Paxos, users can choose to either convert immediately to fiat currency and settle in local currencies like USD, or pay the merchant directly with the stablecoin balance.

ChainCatcher news, according to Cointelegraph, BNB Chain has announced the launch of a gas-free stablecoin transfer program aimed at enhancing stablecoin infrastructure. The program will collaborate with major centralized exchanges and wallets, focusing on three stablecoins: USDT, USDC, and FDUSD, to achieve a faster and lower-cost payment experience.Gala Wen, Director of Ecosystem Development at BNB Chain, stated that by partnering with "centralized exchanges, wallet providers, and cross-chain bridges," the program aims to create a "gas-free transaction experience." Partners include centralized exchanges such as Binance and Gate.io, as well as wallet service providers like Bitget Wallet and SafePal. Binance's Web3 wallet and Trust Wallet are also expected to join the program.In terms of cross-chain capabilities, BNB Chain is collaborating with bridging service providers like Celer to "achieve zero-fee transfers and high-quality liquidity," simplifying cross-chain asset transfers. Wen emphasized that the goal of the program is to simplify and expand the use of stablecoins, integrating them into daily life and promoting the widespread Web3 application goals of BNB Chain.

ChainCatcher news, according to The Block, Web3 payment company Bridge, founded by former Coinbase and Square employees, has completed a $58 million funding round, with participation from Sequoia Capital, Ribbit, Index, and Haun Ventures.Bridge is building a stablecoin-based payment platform that offers services such as cross-border payments and foreign currency exchange. It has already partnered with Bitso to launch stablecoin-based B2B cross-border payments in Latin America.

ChainCatcher news, stablecoin payment platform Sling Money announced the completion of a $15 million Series A funding round, led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures. This round of funding will help Sling Money advance its mission of global payments. Transfers on Sling Money use Pax Dollar (USDP), a dollar-backed stablecoin issued by Paxos Trust Company. USDP and its reserves are strictly regulated by the New York State Department of Financial Services.Sling Money leverages stablecoin technology and a user-friendly interface to enable users to make instant transfers between over 50 countries, with almost zero fees. The company previously raised $5 million in a seed round led by Ribbit Capital.

ChainCatcher news, according to chainwire, the stablecoin payment platform PEXX announced the completion of a $4.5 million seed round financing, led by TNB Aura, with participation from early venture capital firm Antler, Filecoin early supporter EMO Capital, and other venture capital and cryptocurrency investors.It is reported that PEXX's payment platform allows users holding Tether (USDT) and Circle (USDC) stablecoins to transfer their assets directly to bank accounts, helping individuals and businesses conduct cross-border transactions without intermediaries or bank accounts.

ChainCatcher message, TRON founder Justin Sun posted on X: "My future work focus: establishing stablecoin payments, building a better team, and focusing on memes on TRON."

ChainCatcher news, according to Ledger Insights, Standard Chartered Bank and Deutsche Bank have attempted to execute stablecoin transfers and transactions using UDPN. During the trial, Standard Chartered's SC Ventures conducted several real-time transfers and transactions of USDC and EURS (Stasis Euro stablecoin) to Deutsche Bank's wallet, with SC Ventures writing code using the UDPN SDK and API, while Deutsche Bank used a graphical user interface.

ChainCatcher news, Visa's cryptocurrency head Cuy Sheffield announced a new cryptocurrency-related project developed by the company on Twitter. Sheffield pointed out that Visa's upcoming crypto products are aimed at promoting public blockchain networks and stablecoin payments.According to a previous job posting released by Visa, the company's crypto department is building next-generation products to facilitate digital commerce in everyday life. (Source link)

ChainCatcher news, according to TechCrunch, the artificial intelligence company Cosmose AI is collaborating with NEAR to establish a payment system that allows users to shop with cryptocurrencies at low transaction fees, saving money for both buyers and sellers. As part of the partnership, the NEAR Foundation has made a strategic investment in Cosmose, with the financing amount undisclosed, increasing its valuation from $100 million at the completion of a $15 million Series A round in 2020 to $500 million.It is reported that Cosmose is a company with a 9-year history that uses AI analytics to track in-store foot traffic and interact with online shoppers. Its retail solution suite includes the KaiKai app, which allows customers to discover nearby retail stores and an online positioning platform, both of which have been blockchain-enabled with the help of NEAR. Through the NEAR-driven blockchain payment system, users can discover nearby products and make payments through the app, with KaiKai claiming to reduce the annual transaction costs of coffee consumption to just $4, which is 50 times lower than Stripe or PayPal methods.Cosmose's shopping discovery app KaiKai settles payments using its native stablecoin Kai-Ching, which operates on the Near network. The app creates a crypto wallet for users, who can top up Kai-Ching with fiat currency. In the future, users may have the option to convert Kai-Ching back to fiat. Cosmose has reserved a treasury for Kai-Ching, which is pegged to the US dollar (1 Kai-Ching = 1 cent) and can only be traded within the app to prevent value fluctuations. (Source link)