Visa · 1639

CEO Rain: Stablecoin payments have reached more than 100,000 merchants, and most of them are unaware

Comparing news, according to The Block, Farooq Malik, CEO of crypto payment company Rain, said that through cooperation with Visa and other networks, stable coin payments facilitated by Rain have reached more than 100,000 merchants, and most merchants are unaware. Currently, it takes about 3 days for transactions to be settled through the Visa network. If merchants choose to settle directly with stablecoins, they can be settled on the same day. Rain completed Series C financing of 250 million US dollars in January, with a post-investment valuation of 1.95 billion US dollars, an annualized transaction volume of over 3 billion US dollars, and cooperated with Visa and Mastercard to launch stablecoin cards and wallets. It plans to explore the use of regulated stablecoins for on-chain settlement in some business processes. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3d agoburnking

Kraken payment app Krak multi-asset debit card lands in US

According to news, Kraken's payment app Krak has launched its multi-asset debit card in the US, which was previously launched in the UK and the European Economic Area (EEA). The card was built in partnership with Stripe and can be used at all merchants that accept Visa. Users can get up to 2% cashback in dollars or bitcoins, and can hold and spend over 600 currencies and assets. Krak aims to provide users with a convenient payment experience between crypto assets and fiat currencies.

3d ago

NoOnes announced its closure: it will gradually cease operations due to sanctions

Comparing news, the peer-to-peer cryptocurrency trading platform NoOnes published an article yesterday announcing that it will gradually shut down its business after more than three years of operation. Officials said they had previously continued to seek a resolution and lift the sanctions against NoOnes, but in the end they were unsuccessful. NoOnes said the relevant sanctions caused it to lose a key partner, while blockchain monitoring agencies marked NoOnes-related transactions as high risk, making it increasingly difficult for the platform to continue operating normally. According to official arrangements, the business contraction began on August 17, and the P2P market will close at 23:59 UTC on August 21. Services such as Swap, NoOnES Visa, fiat withdrawals, gift card stores, and the Bitcoin Lightning Network will also be discontinued one after another. After that, the platform will only support withdrawals, and users will still be able to log in, check their balance, and withdraw remaining assets. Officially, users are advised to complete asset withdrawals as soon as possible, no later than August 23. On January 26, 2025, the peer-to-peer cryptocurrency trading platform NoOnes revealed that earlier this month, the platform experienced a major security breach that resulted in the loss of around $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT revealed the hack on his Telegram channel.

3d ago

a16z crypto: Monthly crypto payment card spending reached about $759 million in July of this year

Comparing news, a16z crypto recently posted that the monthly consumption of crypto payment cards reached about 759 million US dollars in July of this year, an increase of about 2.5 times from about 306 million US dollars a year ago. Compared with the level of less than 1 million US dollars in October 2023, the average amount of a single transaction is about 86 US dollars. According to the report, users can hold stablecoins through escrow or self-escrow, and use traditional card networks such as Visa to make purchases offline globally, and settle in local fiat currency on the merchant side. Currently, about 58% of consumption is settled by USDC, and about 26% is settled by USDT, and the share of the euro stablecoin Eure has dropped to about 2% from about 88% previously. Looking at the distribution by chain, Optimism, Solana, and Base each account for more than 20%, and Gnosis's share has declined markedly.

3d ago

Visa is seeking a new stablecoin settlement partner to replace BVNK, which was acquired by Mastercard

Comparatively, according to CoinDesk, Visa is looking for new stablecoin settlement and OTC trading partners to replace BVNK, which was previously acquired by Mastercard. According to the relevant product request documents, Visa hopes that the partner has cryptocurrency exchange licenses in the US, Canada, the United Kingdom and Singapore, and can support various stablecoin exchange and settlement services, including processing the settlement of the Open USD stablecoin project promoted by Stripe, Visa, and Mastercard. Previously, Visa had launched the Visa stablecoin platform to provide banks, fintech companies, and payment service providers with stablecoin access, storage, redemption, and transfer tools, with initial support for OUSD. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking

Circle: The euro stablecoin EURC has surpassed 400 million euros in circulation and has become an important component of Europe's on-chain payment infrastructure

Comparing news, Circle officially announced that its euro stablecoin EURC circulation has surpassed 400 million euros and has become an important growth point for the Eurozone on-chain financial ecosystem. Circle said that EURC supply has increased by more than 100% over the past year, and EURC is moving from the experimental phase to the actual application phase as demand for compliant stablecoins increases in trading platforms, payment networks, and institutional businesses. EURC first launched on Ethereum in June 2022, then expanded to multiple blockchains such as Avalanche, Stellar, Solana, and Base. By the end of 2024, EURC had covered 5 chains, with a circulation volume of around 80 million euros, and continued to grow since then. Currently, EURC has been launched on many mainstream trading platforms such as Bitpanda, Bitstamp, Bybit, Coinbase, and Kraken, supporting EURC/EUR and EURC/USD trading pairs to further enhance the liquidity on the Euro chain. Circle said EURC's application scenarios are expanding from transactions to the fields of payments, settlement and institutional money management. Currently, fiat deposit and withdrawal service providers such as Mercuryo, MoonPay, Ramp, and Transak have enabled users to directly use the Euro to access digital assets, and institutional hosting and settlement platforms such as Cobo, Copper, and Fireblocks have also integrated EURC. Additionally, Visa and Mastercard have both previously expanded support for EURC settlement capabilities, making them usable for cross-border payments, card payment settlements, and enterprise-level fund transfer scenarios. With the full implementation of the European Union's Crypto Asset Market Regulation Act (MiCA), EURC operates according to the electronic currency token (EMT) standard, issued by Circle France's electronic money agency, and is regulated by the French Prudential Regulation and Disposal Authority (ACPR). EURC reserve assets are completely segregated from Circle's funds and confirmed by regular audits by an independent third party. As of January 2026, the total global supply of stablecoins is around $300 billion. Although dollar stablecoins still dominate, euro stablecoins have become the second largest category. The euro stablecoin market has grown from around €400 million in June 2025 to around €650 million in June 2026, with EURC maintaining its leading position. Circle said that despite EURC's growth, the euro stablecoin is still in its early stages compared to the Eurozone's M2 money supply of more than 16 trillion euros, and there is still plenty of room for future development in real-time settlement, cross-border payments, and corporate financial infrastructure.

4d ago#On-chain dynamics

US hedge fund second quarter 13F position consolidation: institutions are optimistic about SpaceX and Alphabet, reduce holdings of Nvidia, and switch to AI infrastructure

Comparatively, the US 13F position report for the second quarter shows that a number of hedge funds and sovereign wealth funds drastically adjusted their technology stock layout during the quarter ending June 30. The funds showed a trend of betting on SpaceX, increasing Alphabet, reducing holdings of Nvidia and Broadcom, and migrating to the AI storage and infrastructure sector. SpaceX became one of the most sought after targets by institutions this quarter. The nine institutions that disclosed their holdings all increased or opened new positions, and none of them reduced their holdings. Among them, Saudi Sovereign Wealth Fund, D1 Capital, and Nvidia have the largest holdings, while many well-known hedge funds such as Altimeter Capital, Viking Global, Tiger Global, and Appaloosa also disclosed their holdings for the first time since SpaceX went public. Alphabet, on the other hand, welcomed centralized increases in positions by large institutions. 11 institutions bought and 6 institutions sold. Berkshire Hathaway has greatly increased Google's holdings, and funds such as Third Point, Duquesne, and Altimeter have also increased their holdings. However, some growth funds, such as Pershing Square, Viking Global, and Tiger Global, chose to reduce or exit positions. Amazon became one of the tech stocks with the biggest institutional differences. A total of 18 funds adjusted their positions this quarter, with buyers and sellers each accounting for 9. Institutions such as Viking Global and Appaloosa increased their holdings significantly, while Pershing Square, D1 Capital, and Tiger Global chose to reduce their holdings. On the Nvidia and Broadcom side, there has been an increase in institutional holdings reduction signals. A number of funds cut Nvidia's holdings, and D1 Capital, Discovery Capital, and Third Point chose to clear their positions; Broadcom withdrew, and only a few funds increased their holdings. At the same time, capital began to flow to the storage and infrastructure links of the AI industry chain, and Seagate, CoreWeave, and some computing power infrastructure companies received institutional attention. In addition, consumer internet and technology giants such as Uber, Visa, Netflix, and Microsoft have also seen positions adjusted in different directions between agencies. Among them, Pershing Square created new positions on Netflix, Visa, Mastercard, etc.; Tiger Global drastically adjusted the allocation of growth stocks. Overall, the 13F data for the second quarter shows that some value and macro funds are increasing the allocation of technology assets, while some growth funds are taking advantage of market increases to cash out profits, and the AI investment logic has further spread from chip makers to the storage, computing power, and infrastructure sectors.

4d ago

Gao Yi's asset position was adjusted in the second quarter: Micron and SanDisk received a sharp increase in holdings in technology stocks such as Nvidia and were reduced

Comparative news, according to a recent disclosure by the US Securities and Exchange Commission (SEC), Gao Yi Asset held 19 US stocks at the end of the second quarter, with a total market value of about US$979 million, which clearly strengthened the semiconductor and storage industry chain as a whole. In terms of holdings, TSMC, Huazhu Group, Pinduoduo, BOSS Direct Hire, and Ctrip ranked among the top five heavy-held stocks, accounting for 24.32%, 17.20%, 16.86%, 15.51%, and 4.21% respectively. The top five heavy holdings together accounted for about 78.1% of Gao Yi Asset's US stock holdings at the end of the second quarter. Specifically, Gao Yi increased his holdings of Micron Technology and SanDisk sharply in the second quarter. Among them, Micron's holdings increased by 283.48% month-on-month, with a market value of about US$39.73 million; SanDisk's holdings increased by about 192%, with a market value of about US$36.38 million. Both ranked the sixth and seventh largest stocks respectively. In addition, Gao Yi added shares in BOSS Direct Hire, Ctrip, Shell, Huazhu Group, Yum China, and Pinduoduo; built new warehouses at Vidia Technology, Wenyuan Zhixing, Visa, and Alibaba. In terms of holdings reduction, Gao Yi reduced positions at Nvidia, NetEase, iQiyi, and Fuxin Technology. Among them, Nvidia and NetEase's holdings fell by 72.41% and 76.47%, respectively, and cleared stocks such as Futu, Lumentum, Xiaopeng Auto, and NIO.

6d ago

B.AI officially launched the ability to recharge on behalf of others, supporting multiple chain addresses and multiple payment methods

According to Twitter, the B.AI platform officially launched the “recharge for others” function on August 12. Users can add platform points to team members or friends with one click, and support entering each other's email or on-chain address (compatible with TRON, EVM and Solana networks) to complete accurate positioning and real-time payment. In terms of payment channels, the function is fully integrated into fiat channels such as WeChat, Alipay, UnionPay, Visa, Mastercard, Google Pay, and Apple Pay, and simultaneously supports mainstream cryptocurrency payments. In order to motivate users to use it, the platform simultaneously launched a recharge rebate campaign: recharge through BNB Chain to enjoy 1:1 equal points, 1:0.5 rebates for other payment methods, and a single user can receive up to $100 in additional rewards.

10d ago

Stablecoin card issuer Rain acquires merchant wallet company Ansa

Comparatively, stable coin card issuing and payment platform Rain announced the acquisition of Ansa, a brand stored value and closed-loop payment platform. The Ansa team will join Rain, and its founder and CEO Sophia Goldberg will be the head of Rain Payments. Ansa provides merchants with branded prepaid wallets and incentive tools, and supports the use of stored value balances through Mastercard tracks on existing POS terminals. Rain plans to combine its Visa and Mastercard card issuers to expand stored value balances to more merchant scenarios and integrate them with wallet, rewards, and stablecoin functions. Ansa previously raised approximately $19.4 million in cumulative funding.

10d ago