Powering Stablecoin Credit Card-as-a-Service
Daisy Hawker, FinTech Magazine
While cryptocurrency is emerging as one of finance’s biggest trends, launching a crypto- or stablecoin-backed credit card means navigating separate, complicated connections across end-consumer lending, core card processing, and settlement rails.
To counter this, fintech Bakkt has selected Thredd to release a credit card-as-a-service program in the US to settle in stablecoins, offering users a full-stack solution which allows Bakkt to launch branded credit cards where backend transactions settle instantly in stablecoins…
Read moreBusinesses View Stablecoins Warily
Peter Lucas, PaymentsDive
Despite the hype surrounding the digital assets, businesses remain cool to using the cryptocurrency, according to the results of a Cleveland Federal Reserve survey.
Stablecoins aren’t going to become a disruptive force in payments in the United States anytime soon as businesses are displaying a lack of enthusiasm for the digital currency, based on a survey by the Cleveland Federal Reserve Bank…
Read more
7 Things Credit Unions Need to Know About NCUA's New Stablecoin Reporting Proposal
Michael Ogden, Credit Union Times
The NCUA proposed significant changes to its quarterly Call Report that would introduce new reporting requirements for credit unions participating in payment stablecoin activities.
The proposal, published in the Federal Register on Oct. 9, would create a new Schedule J, Payment Stablecoin Activities, beginning with the March 31, 2027, reporting period. According to a CU Times analysis of the filing, here are seven takeaways credit union executives, compliance officers and technology leaders should understand…
Read more