Core Insights - Euronet has partnered with Fireblocks to enhance its global payments infrastructure by integrating stablecoin technology, which aims to optimize treasury operations and improve liquidity management [1][2][5] Company Overview - Euronet is a global leader in payments processing and cross-border transactions, operating in over 200 countries and territories with a wide range of services including money transfers, credit/debit processing, and ATMs [8][9] - The company supports a vast network with approximately 631,000 locations, 4.1 billion bank accounts, 3.2 billion digital wallet accounts, and 4.0 billion Visa debit cards [3][9] Technological Integration - The collaboration with Fireblocks allows Euronet to streamline its internal treasury operations and enhance support for cross-border payment use cases [2][4] - Fireblocks' secure infrastructure, including multi-party computation (MPC) technology, enables Euronet to secure wallets and automate operations, facilitating faster market entry [6][10] Future Developments - Euronet's roadmap includes expanding the use of stablecoin payments in remittances and real-time settlements, as well as integrating fiat currencies into stablecoin and tokenized assets [4][5] - The partnership is positioned to evolve the financial network to meet the future demands of interoperable, real-time global payments [7]

Core Insights - YZi Labs has led a $50 million seed round in Better Payment Network (BPN), focusing on modernizing cross-border payments using stablecoins [1][3][8] Funding and Market Impact - The funding represents one of the largest early-stage rounds in the payments sector this year, indicating a significant investment in CeDeFi infrastructure for emerging markets [3][8] - BPN plans to utilize the $50 million to develop onchain liquidity pools and market-making systems for stablecoin transactions [4][8] Operational Model and Efficiency - BPN's model addresses inefficiencies in international payments by replacing traditional pre-funding methods with real-time stablecoin issuance, reducing settlement time from days to hours [5][8] - The company claims that transaction costs can decrease from approximately 2% to 0.3%, enhancing the affordability and speed of transactions [5] Product Offerings and Future Plans - BPN's multi-stablecoin liquidity model aims to provide a more inclusive alternative to USD-centric payment systems, facilitating transactions in various regions including Brazil, Nigeria, Mexico, and the Eurozone [6] - The startup intends to launch a DeFi FX market by the end of the year, supporting up to 20 regional stablecoins across Latin America, Africa, and Asia [7][8] Strategic Vision - Dana H., an Investment Partner at YZi Labs, describes BPN as a transformative solution for cross-border payments, emphasizing its potential for instant settlement, cost savings, and scalability [7]

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Luxxfolio Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) ("Luxxfolio" or the "Company"), a leading Litecoin treasury and infrastructure company, is pleased to announce the appointment of Leva Guoga to the board of directors.Ms. Guoga is a Non-Executive Director of DigitalX Limited (ASX: DCC) and serves as Guardian of the Guoga Family Office, where she is overseeing its establishment and early-stage recruitment. She was previously a con ...

Industry Trend - Stablecoin payments are coming to Brex [1] - Solana will be integrated from the start [1]

Industry Trend - Stablecoin payments are coming to Brex, indicating a move towards integrating cryptocurrency solutions in financial services [1] - Solana will be integrated from the start, suggesting a strategic partnership and adoption of Solana's blockchain technology [1]

Core Viewpoint - Bakkt Holdings (BKKT) shares surged over 45% following the appointment of fintech veteran Mike Alfred to its board, reflecting investor optimism about the company's strategic direction in digital assets and AI [1][3]. Group 1: Appointment of Mike Alfred - Mike Alfred's appointment is seen as a strategic move, aligning with Bakkt's focus on digital asset trading, stablecoin payments, AI-powered finance, and Bitcoin adoption [3]. - Alfred's background includes founding successful fintech ventures, which may enhance Bakkt's governance and expertise [1][4]. Group 2: Stock Performance - Following Alfred's appointment, Bakkt stock has increased over 90% from its August low, indicating strong market interest [2]. - Despite the recent surge, the stock is still viewed with caution due to the volatile nature of the digital asset market [5]. Group 3: Financial Performance - Bakkt has not yet turned a profit, reporting a net loss of over $30 million in its latest quarter, which raises concerns about its financial stability [6]. - The lack of coverage from Wall Street analysts contributes to a perception that BKKT shares may not be particularly attractive for investment [8]. Group 4: Market Sentiment - The market reaction to Alfred's appointment appears to be driven more by sentiment rather than fundamental changes in the company's competitive position [5]. - The only analyst rating on BKKT shares suggests a price target of $13, indicating potential downside from current levels [8].

Core Insights - Bakkt Holdings Inc. appointed fintech entrepreneur Mike Alfred to its board of directors to enhance governance and position for growth in digital assets and financial technology [1][2] - CEO Akshay Naheta emphasized that Alfred's experience in fintech and digital assets will be crucial for advancing Bakkt's strategy and building next-generation financial infrastructure [2] Company Developments - Alfred co-founded BrightScope and Digital Assets Data, both of which were acquired, and currently leads Alpine Fox LP, focusing on Bitcoin and AI-related equities [2] - Alfred's role at IREN, a data center developer for Bitcoin and AI operations, aligns with Bakkt's strategy to serve institutions in digital asset trading, stablecoin payments, AI-powered finance, and Bitcoin adoption [3][4] Market Reaction - Following the announcement of Alfred's appointment, Bakkt's shares increased by 24.65%, reaching $13.00 [5]

Core Insights - YY Group Holding Limited plans to integrate regulated stablecoin-powered payments into its gig worker platform, enhancing payment speed and reducing costs for gig workers and clients [1][2][3] - The integration aims to leverage the growing global stablecoin market, creating new fintech revenue opportunities such as FX conversion and instant settlement options [1][7] Industry Context - The adoption of regulated stablecoins, which are digital tokens pegged to fiat currencies, has seen significant growth, with annualized transaction volumes surpassing US$27 trillion in 2024 [4] - The gig economy is poised for expansion, with over 659 million people globally holding digital currencies, indicating a strong market potential for stablecoin integration [5] Ecosystem Impact - The integration will provide gig workers with faster access to earnings and lower transaction costs, while clients will benefit from streamlined cross-border payments [6][9] - YY Group's partnership with licensed providers will ensure compliance and robust transaction protocols, enhancing trust within the gig economy [9][10] Future Growth Opportunities - The stablecoin infrastructure will enable YY Group to explore high-margin services, including FX conversion revenue sharing and embedded lending, as transaction volumes increase [7][10] - The company plans to expand its stablecoin capabilities in response to market demand, aiming to deepen its fintech ecosystem and establish strategic partnerships [10]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $577.9 million, up 13.3% year over year but down 46.2% sequentially [36] - Gross crypto services revenue for the quarter was $568.1 million, up 14.3% year over year and down 46.7% sequentially [36] - Net loss for the quarter was $30.2 million, improving 15.1% year over year from a loss of $35.5 million [38] Business Line Data and Key Metrics Changes - Crypto trading volumes for Q2 experienced a decline, with total notional volume at $733 million, comprised of $565 million from crypto trading and $168 million from loyalty redemptions [34] - Total active transacting accounts were 689,000, segmented into 265,000 loyalty redemption accounts and 424,000 crypto trading accounts [33] - Net loyalty revenues were $9.8 million, down 23.3% year over year but up 6.8% sequentially [36] Market Data and Key Metrics Changes - The crypto market faced headwinds from March through June due to regulatory uncertainty and macroeconomic pressures [32] - Since the end of Q2, Bitcoin trading volume improved by 50% month over month following new all-time highs in July [33] - The regulatory environment is becoming more supportive, with the current administration showing bullishness towards digital assets [32] Company Strategy and Development Direction - The company is strategically realigning into a pure play crypto infrastructure company, divesting non-core businesses to focus on crypto [6][9] - A partnership with Distributed Technologies Research (DTR) aims to enhance stablecoin payment infrastructure [6][10] - The company plans to roll out a comprehensive set of technology upgrades to enhance user experience and expand trading capabilities [15][19] Management's Comments on Operating Environment and Future Outlook - Management believes the company is well-positioned to capitalize on the digitalization of real-world assets and the growing trend of institutional adoption of digital assets [6][31] - The CEO transition is expected to further strengthen the company's focus on crypto infrastructure and growth [12][31] - Management expressed optimism about the future, citing a favorable policy backdrop and the potential for significant market growth [33] Other Important Information - The company completed the sale of its trust business to Intercontinental Exchange (ICE) and is in the process of divesting its loyalty business [9][10] - A successful $75 million capital raise was completed, significantly recapitalizing the balance sheet [11][40] - The company is focusing on expanding its Bitcoin treasury strategy, starting with Japan [26][27] Q&A Session Summary Question: What are the expectations for the stablecoin payments market? - Management highlighted the partnership with DTR as a key driver for entering the stablecoin payments market, aiming to deliver programmable solutions for cross-border value transfers [6][10] Question: How is the company addressing the decline in trading volumes? - Management noted that the decline was aligned with broader market trends but expressed optimism about recent improvements in trading volumes and onboarding new institutional clients [32][33] Question: What are the key priorities moving forward? - Key priorities include finalizing the sale of the loyalty business, rolling out technology upgrades, and expanding the Bitcoin treasury strategy [28][29]

Financial Performance - Total revenues were $577.9 million, a 13.3% year-over-year increase, but down 46.2% quarter-over-quarter due to market conditions[45, 58] - Crypto services revenue was $568.1 million[45, 69] - Loyalty services revenue was $9.8 million, down 23.3% year-over-year but up 6.8% quarter-over-quarter[46, 69] - Total operating expenses were $596.4 million, up 12.1% year-over-year and down 45.5% quarter-over-quarter[54, 58] - Adjusted EBITDA loss was $12.6 million, improved 29.9% year-over-year[62, 63] Key Metrics - Crypto trading volume increased 14% year-over-year and 69% since Q2 2023[36] - Quarterly notional crypto traded volume reached $565 million in Q2 2025[39, 42] - Assets under custody were $1,355 million[44] Strategic Initiatives - Bakkt is realigning as a pure-play crypto infrastructure company, including the divestiture of non-core assets like the Custody business[10] - The company is focusing on three pillars: Brokerage-in-a-box, Stablecoin Payments, and Bitcoin treasury strategy[11, 12] - Bakkt initiated a Bitcoin treasury strategy with a 30% ownership stake in MarushoHotta Co (MHT), rebranding it to bitcoin.jp[26, 27, 30]