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TAC InfoSec Limited Subsidiary CyberScope Web3 Security Announces Partnership with USDC Issuer Circle to Advance Secure, Compliant Stablecoin Infrastructure
Businesswire· 2026-02-23 16:22
NEW YORK--(BUSINESS WIRE)--CyberScope, the Web3 security arm of TAC InfoSec Limited (NSE: TAC), has been approved and listed in USDC's Issuer Circle's Partner Allowance Program, following a strict multi-stage compliance and governance review. The approval comes at a time when stablecoins experience an increasingly regulated financial infrastructure in the United States. Circle, the issuer of USD Coin (USDC), operates one of the world's largest dollar-backed stablecoins and is known for maintaining a complia ...
Gemini Cuts More Staff as Crypto Firm's Valuation Plunges 82%
PYMNTS.com· 2026-02-23 02:15
Company Overview - Gemini is experiencing significant challenges, including an 82% decline in its valuation, with its market value dropping from approximately $4 billion to less than $700 million [3] - The company has recently laid off additional workers beyond the previously announced 25% staff cuts [2] Management Changes - The departure of key executives, including the chief operating officer, chief financial officer, and chief legal officer, has raised concerns about the company's solvency [3] - Analysts suggest that these management changes could lead to increased investor apprehension regarding Gemini's financial stability [3] Financial Performance - Gemini's expenses rose by around 70% last year, while net revenues only increased by 17% [8] - The company's strategy is under scrutiny, with analysts indicating that a shift in approach is necessary due to the downturn in the crypto market [4][3] Strategic Focus - Gemini is exiting markets in the U.K., European Union, and Australia to concentrate on prediction markets and the U.S. market [8] - The company has reported that its prediction market, Gemini Predictions, has attracted over 10,000 users who have traded more than $24 million since its launch [9]
Payoneer (PAYO) Strikes Strategic Partnership With Bridge
Yahoo Finance· 2026-02-22 14:38
Payoneer Global (NASDAQ:PAYO) is one of the 9 small-cap software infrastructure stocks with highest upside potential. On February 17, Payoneer Global (NASDAQ:PAYO) announced plans to introduce stablecoin capabilities that will be directly integrated into its platform through a partnership with Bridge. The company believes this partnership will unlock new capabilities for businesses to securely receive, hold, and send stablecoins as part of their routine operations. The goal is to simplify international pa ...
SEC Cuts Stablecoin Haircut to 2%, But What Does it Mean?
Yahoo Finance· 2026-02-21 12:43
The US Securities and Exchange Commission (SEC) has paved the way for Wall Street to integrate stablecoins into traditional finance. On February 19, the financial regulator issued guidance allowing broker-dealers to apply a 2% "haircut" to positions in payment stablecoins. A haircut is the percentage of an asset's value that a financial institution cannot count toward its deployable capital, acting as a customer-protection buffer against market risk. SEC Stablecoin Pivot Pressures Brokers to Build Crypto ...
Western Union(WU) - 2025 Q4 - Earnings Call Transcript
2026-02-20 14:32
The Western Union Company (NYSE:WU) Q4 2025 Earnings call February 20, 2026 08:30 AM ET Company ParticipantsBryan Keane - Head of North America Payments Processors and IT Services ResearchDarrin Peller - Managing DirectorDevin McGranahan - CEOJames Faucette - Managing DirectorMatt Cagwin - CFORayna Kumar - Managing Director of Fintech Equity ResearchTimothy Chiodo - Managing DirectorTom Hadley - VP of Investor RelationsWill Nance - VPConference Call ParticipantsTien-tsin Huang - Senior AnalystOperatorGood d ...
BitGo Named Issuer of FYUSD, Bringing U.S.-Aligned Stablecoin Standards to Asia
Prnewswire· 2026-02-20 13:00
NEW YORK, Feb. 20, 2026 /PRNewswire/ -- New Frontier Labs LLC, a digital asset company developing the Fypher project, today announced a strategic partnership with BitGo Bank & Trust, National Association ("BitGo"), the digital asset infrastructure company, under which BitGo will act as the issuer and primary custodian of FYUSD, a U.S. dollar-backed stablecoin designed for institutional adoption in Asian markets. The partnership marks an important step in extending U.S.-grade regulatory and custody standards ...
Anchorage Digital 推出稳定币服务面向国际银行
Xin Lang Cai Jing· 2026-02-20 02:10
据 Financefeeds,Anchorage Digital 宣布推出 "Stablecoin Solutions" 服务,为国际银行提供美国受监管的 数字美元通道,包括发行、托管、法币资金管理及链上结算,支持跨境美元资产转移,无需依赖传统代 理银行关系。服务支持多家稳定币发行,包括 Tether USA₮、Ethena Labs USDtb、OSL USDGO 及 Western Union USDPT(未来发行)。Anchorage Digital 为首家获美国联邦银行牌照的加密原生机构, 受 OCC 监管。 (来源:吴说) ...
The Western Union Company (NYSE: WU) Financial Overview and Analyst Insights
Financial Modeling Prep· 2026-02-20 02:00
Core Viewpoint - Western Union is positioned as a significant player in the global money movement and payment services industry, with a focus on enhancing its Consumer Services segment and maintaining a strong market presence [1][3]. Group 1: Financial Performance and Expectations - Analysts' consensus price target for Western Union's stock has remained stable, increasing slightly from $8.94 to $9.00, indicating confidence in the company's business model [2]. - Analyst Andrew Jeffrey from Truist Financial has set a more optimistic price target of $18, suggesting potential for significant growth [2][5]. - The company is expected to report strong growth in its Consumer Services segment for the fourth quarter, which may lead to an earnings beat [3][6]. Group 2: Operational Insights - Despite challenges such as the suspension of U.S. immigrant visa processing, Western Union's global operations are robust, with 62% of its remittance revenue generated outside North America [4]. - The company is trading at a forward earnings multiple of just 5x, with robust margins of 18% and a well-covered dividend yield of 10% [4]. Group 3: Strategic Initiatives - Western Union's stablecoin initiative, USDPT, is a significant development aimed at enhancing its financial strategy by generating interest on float and reducing banking fees [5]. - A $150 million cost-saving program has been completed ahead of schedule, reflecting the company's focus on efficiency and margin expansion [5][6].
French Banking Giant Société Générale Launches Euro Stablecoin On XRP Ledger
Yahoo Finance· 2026-02-19 08:33
One of France’s largest banking institutions, Société Générale, is launching a euro-denominated stablecoin, EUR Coinvertible, on the XRP Ledger (XRPL) through its digital asset subsidiary, SG FORGE. It is the first time a major European banking institution has selected XRPL as the primary blockchain for a regulated stablecoin deployment. SG-FORGE, which previously launched the EUR CoinVertible (EURCV) stablecoin on Ethereum in 2023, is now expanding to XRPL. Cassie Craddock, Managing Director, UK & Eur ...
Remitly (RELY) - 2025 Q4 - Earnings Call Transcript
2026-02-18 23:02
Remitly Global (NasdaqGS:RELY) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsDavid Beckel - VP of Investor RelationsMatt Oppenheimer - Co-founder and CEOSebastian Gunningham - CEOVikas Mehta - CFOConference Call ParticipantsAditya Buddhavarapu - VP and Equity Research AnalystAlex Markgraff - VP and Equity Research AnalystDarrin Peller - Managing Director and Senior Equity Research AnalystRamsey El-Assal - Managing Director and Senior Equity Research AnalystTien-Tsin Huang - Managin ...