Mastercard announced it will expand its global payments network to enable settlement using regulated stablecoins such as USDC, PYUSD, and SoFiUSD. This upgrade allows transactions to settle beyond traditional banking hours, including weekends and holidays, and supports cross-border payments and business payouts. The stablecoin settlement will operate on multiple blockchain networks like Ethereum and Solana, initially launching in the U.S. and Latin America. This move integrates traditional and blockchain settlement methods under one infrastructure, enhancing liquidity management for financial institutions.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
