Core Insights - Stripe is launching Open Issuance, a platform that enables businesses to create and manage their own stablecoins through its subsidiary Bridge [1][2] - The current stablecoin market is dominated by issuers like Tether and Circle, which limits businesses' ability to customize their digital assets [2] - Open Issuance allows companies to mint and burn tokens, customize reserve structures, and earn rewards on their holdings [2][5] Business Model and Features - Open Issuance provides a shared liquidity network for one-for-one swaps between stablecoins, addressing liquidity challenges for new issuers [3] - Phantom Wallet, with over 15 million users, is the first major client to launch a native stablecoin called CASH on the platform [4] - Businesses can launch a stablecoin in days, with Bridge managing security, compliance, and liquidity [5] Strategic Developments - The announcement follows Stripe's acquisition of Bridge in February 2025, aimed at scaling digital dollar solutions for businesses [6] - Stripe has been enhancing its crypto capabilities, including acquiring wallet infrastructure startup Privy and launching a Bitcoin rewards credit card in partnership with Visa [7]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Brex will begin accepting stablecoin payments on its platform in coming months, the company announced Tuesday. Customers with a Brex business account can then accept stablecoins — starting with Circle Internet Group’s USDC — as payment, with automatic conversion into dollars, and to send stablecoins from their fiat balances. Customers will also be able to pay card ...

Core Insights - Venmo and PayPal will enable users to pay each other directly, enhancing compatibility between the two platforms [1] - This integration addresses a long-standing issue for users who have had to use workarounds to transfer money between the services [1] - PayPal's broader network of payment systems, named PayPal World, will facilitate international money transfers without barriers and fees [2] Group 1 - Venmo users and PayPal users will be able to pay each other in the U.S. and worldwide starting in November [1] - PayPal users can find Venmo users using their phone numbers and later email addresses [1] - The integration may have been delayed to discourage users from creating accounts on both platforms [1] Group 2 - PayPal announced the expansion of its payment systems in July, starting with Venmo [2] - PayPal World will also include partnerships with Mercado Pago, NPCI International Payments Limited, and Tenpay Global [2] - Venmo and PayPal combined have 2 billion global users, according to PayPal [2]

Core Insights - Stripe has launched a stablecoin issuance platform called Open Issuance, aiming to integrate its payment services with digital currencies and AI in online transactions [1] - The platform allows businesses to create their own stablecoins easily, leveraging the stablecoin infrastructure from Bridge, which Stripe acquired for $1.1 billion [1][3] - The first stablecoin to be issued through Open Issuance will be Phantom's CASH token, with additional projects like Hyperliquid's USDH and MetaMask's mUSD also in the pipeline [2] Stablecoin Issuance - Open Issuance enables firms to mint and redeem stablecoins with minimal coding, allowing for customization and control over the tokens [1][3] - Issuers can manage reserves between Treasuries and cash, with asset management support from firms like BlackRock and Fidelity [3] - Stripe's network aims to provide interoperability across different tokens and reduce conversion costs [3] AI Commerce Tools - The showcase included the Agentic Commerce Protocol, developed in collaboration with OpenAI, which allows merchants to engage in transactions with AI agents while maintaining control over fulfillment and customer relationships [4] - Partners such as Microsoft Copilot and Anthropic are currently testing this AI commerce standard [4] Blockchain Initiatives - The launch of Open Issuance and AI tools is part of Stripe's broader strategy to enhance its blockchain capabilities, following its acquisition of crypto wallet provider Privy [5] - Stripe is also collaborating with crypto venture firm Paradigm to develop Tempo, a blockchain designed for scalable transactions [5] Future Outlook - Stripe's president of technology and business, Will Gaybrick, emphasized that the integration of stablecoins and AI marks the beginning of a new online economy, with a focus on mainstream adoption of frontier technologies [6]

The European Central Bank has offloaded its entire position in the bonds of embattled French payments company Worldline, according to its latest filings https://t.co/KOiZLDlmxf ...

Core Insights - ServiceTitan released its 2025 Consumer Trends in the Trades Report, highlighting evolving homeowner preferences and spending behaviors, which can help contractors enhance customer satisfaction and loyalty [1][3] Industry Trends - Homeowners are increasingly seeking a five-star experience, emphasizing the importance of brand presence, digital convenience, and flexible payment options when selecting contractors [4] - The demand for convenience, personalization, and trust is growing, with homeowners expecting tailored communication and payment methods [2][4] Consumer Behavior - Checks as a payment method have declined from 59% in 2015 to 36% in 2024, indicating a shift towards modern payment experiences [4] - 80% of homeowners start their search for services online, yet many express dissatisfaction with the availability of trustworthy reviews and financing information [6] - 41% of consumers actively seek financing options, and contractors offering financing see 12% higher close rates and 13% higher average ticket sizes [6] Demographic Insights - Women are the primary decision-makers in 65% of remodeling projects, valuing trust, branding, and clear pricing [6] - Households earning over $100K annually are more likely to invest in home improvements, presenting growth opportunities for contractors [6] - The next generation of homeowners is more diverse, with 48% of Gen Z identifying as non-white, which is projected to influence future homeownership trends [6] Payment Preferences - 94% of home service customers own a credit card, with 90% using them regularly, reflecting a shift towards online payments and SMS-based invoicing [6] - The number of limited English proficiency households has nearly doubled from 1980 to 2021, indicating a need for contractors to cater to diverse linguistic backgrounds [6]

Core Insights - Visa Inc. is initiating a process to utilize stablecoins for cross-border remittances, with a prefunding pilot set to launch soon through Visa Direct [1][2] - The move aims to address slow and costly transactions in traditional finance by offering businesses a new way to fund international payments with stablecoins [2][3] - Visa believes that stablecoins can unlock liquidity and modernize treasury operations, enhancing the efficiency of global payouts [3][4] Group 1 - Visa's stablecoin prefunding pilot is expected to reduce friction and provide faster access to liquidity for financial institutions [4] - The pilot program will initially work with select partners, with plans to expand by 2026 [4] - The interest in stablecoins is growing, driven by the need for faster money transfer solutions beyond traditional banking [5] Group 2 - Visa and Mastercard previously downplayed the threat of stablecoins to their market dominance, citing their current usage as negligible [6] - Visa has recently partnered with Paxos to support USDG and PayPal USD (PYUSD), aiming to enhance transaction settlement options using digital dollars [6]

Core Insights - Visa has initiated a pilot program to enable businesses to use stablecoins for cross-border payments, moving away from traditional cash deposits [1][3] - The integration of stablecoins through Visa Direct aims to enhance the speed and efficiency of global transactions, providing businesses with more payment options [2][3] - The stablecoin market is experiencing rapid growth, with estimates suggesting it could reach $2 trillion within three years, prompting Visa to adapt its strategy accordingly [5][6] Group 1: Visa's Pilot Program - The pilot program targets banks, remittance firms, and financial institutions, allowing them to reduce the need for holding multiple currencies for local payouts [3] - Visa has not disclosed its pilot partners but plans to expand the program by 2026 [3] - The initiative is expected to lead to faster transactions and less capital tied up in dormant accounts globally [3] Group 2: Regulatory Environment and Market Growth - The passage of the GENIUS Act in the US has increased confidence among institutions regarding stablecoin usage by providing clear regulations [2] - The stablecoin market has grown to approximately $269 billion, reflecting a 62% increase over the past year [5] - Visa's head of crypto anticipates a convergence of traditional payments and digital assets, positioning the company as a key player in this evolving landscape [5][6] Group 3: Visa's Strategic Positioning - Visa has processed over $200 million in cumulative stablecoin settlement volume, establishing itself as a competitor and a bridge between banks, fintech firms, and blockchain networks [6] - The introduction of the Visa Tokenized Asset Platform allows institutions to issue and manage tokens on blockchains, with early interest from banks like BBVA [7]

Core Insights - Corpay and Mastercard have expanded their partnership to enable near real-time payments to 22 additional markets across Asia, Europe, the Middle East, Africa, and Latin America [1] - The partnership leverages Mastercard Move's network for faster cross-border payments, enhancing efficiency and affordability for businesses [2][4] Partnership Details - The strategic partnership was established in April 2025, with Corpay becoming the exclusive provider of large-ticket cross-border payment solutions and currency risk management for Mastercard's financial institution clients [2] - Mastercard invested $300 million for a nearly 3% equity stake in Corpay's cross-border business, valuing the unit at $10.7 billion [3] Service Enhancements - Corpay will offer Mastercard virtual card programs to its clients, extending access to Mastercard Move's services for small and mid-sized business clients [3] - The partnership aims to provide enhanced money transfer capabilities, including trackable payments, visibility of fees, and estimated delivery times [4] Market Impact - The collaboration is designed to empower financial institutions to access new markets and optimize cross-border payment operations, meeting the growing demand for swift transactions [5][6] - The expanded services are expected to unlock new growth opportunities for companies of all sizes, enhancing their ability to scale internationally [6]

Visa said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. ...