Global #stablecoin payments

Grab, a major technology and payments platform in Southeast Asia, and StraitsX, a leading stablecoin infrastructure provider, have signed a Memorandum of Understanding (MOU) to jointly develop a Web3-enabled payment infrastructure across Asia.

The article details an intense conflict between the crypto exchange Coinbase and a coalition of U.S. banking groups regarding the offering of rewards tied to stablecoin payments.

Coinbase has introduced the x402 protocol, a significant innovation aimed at integrating stablecoin payments directly into standard web requests.

Citigroup is poised to become one of the first major Wall Street banks to offer stablecoin payment services, marking a significant step in the traditional finance sector's adoption of blockchain-based digital dollars.

In a strategic move to accelerate stablecoin adoption and expand payment capabilities on its high-throughput Layer-1 blockchain, the Monad Foundation announced Wednesday its acquisition of Portal Labs, the team behind Portal's embedded stablecoin wallet infrastructure platform.

In a landmark move towards digital transformation in the UAE, the Abu Dhabi government, through the Department of Municipalities and Transport, has begun accepting AED stablecoin payments via AE Coin for taxi services.