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Polygon adds US dollar balances to its enterprise payments stack Open Money Stack customers can fund a dollar account by wire, ACH or SWIFT and hold it until a payment run, converting to stablecoins on demand. A licensed banking partner holds the balance. Polygon says that the setup removes...

15,491 görüntüleme • 11 gün önce •via X (Twitter)

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A traveler taps her card at a market thousands of miles from home. The payment feels instant, simple, straightforward. It’s not. Behind that tap, money may need to move across currencies, banks, payment providers, and borders. Traditional systems often require companies to park funds in local accounts before they are needed, leaving capital stagnant for long periods of time where it’s not able to earn a return or be put to work. Members of the Avalanche Payments Collective are building a more efficient global payments model, one that keeps capital productive up until the moment it needs to move. Here are five members working across different parts of cross-border payments and treasury infrastructure: Axiym provides payment and treasury infrastructure that helps institutions route liquidity and settle transactions without pre-funding every market. Its technology supported Hyundai Motor America’s stablecoin payment to its Mexico affiliate, completed on Avalanche in minutes instead of days. Nonco helps institutions exchange currencies and stablecoins by requesting prices directly from a network of professional liquidity providers. That gives them access to more competitive rates while allowing both sides of the transaction to settle together onchain. SMBC, Japan’s second-largest bank, is exploring stablecoin infrastructure for wholesale institutional payments. It is also working alongside MUFG and Mizuho on a potential yen-pegged stablecoin initiative built on Avalanche. StraitsX is working with KBank through Project BLOOM to develop payment infrastructure that can improve settlement across Southeast Asian corridors where moving money remains particularly slow and expensive. AeraTech helps multinational companies manage cash across subsidiaries, offset internal obligations, and settle inter-company payments without unnecessarily routing every transaction through external banks. These different companies all represent or engage with different parts of the payment and treasury stack. But they all have a shared goal: keep capital working longer, move it when it is needed, and make cross-border payments faster and more efficient. That is what the Avalanche Payments Collective is bringing together. Frictionless, borderless payments that really are instant, simple, and straightforward.

Avalanche🔺

48,078 görüntüleme • 23 gün önce

🚨 ANNOUNCEMENT: STABLECOINS ARE LIVE ON Meow. SEND AND RECEIVE USDC, FOR FREE, ALL FROM YOUR EXISTING CASH BALANCE! Now on Meow, you can send and receive USDC for free. All from your existing cash balance. That's right: the days of needing to pre-fund, maintain, and log in to a crypto exchange just to send and receive USDC are over, permanently. The SAME balance that you use for ALL your business finances, payroll, and corporate cards — is the one you can now use to send and receive USDC. This has huge ramifications for: — Crypto companies: that transact in USDC — Crypto VCs: who fund investments in USDC — Businesses: that receive vendor payments in USDC, and pay contractors internationally And the best part? These USDC transactions integrate natively with your accounting software, like QuickBooks, NetSuite, Puzzle, and more. And if that’s not enough? You can set up: — Custom spend controls, per dollar amount — Multi-user permissions And 2FA is enforced on every transaction This is one of our MOST REQUESTED FEATURES and we believe Meow is the first major business banking fintech in the U.S. (over $1 billion in assets on the platform) to support free sending and receiving USDC. Business finance is business finance, whether it's cash or stablecoins. The "bridge between Web2 and Web3" is finally here, for real. No more maintaining separate accounts at crypto exchanges for businesses. Crypto companies and crypto funds, apply today: Meow is a financial technology company, not a bank. Bridge is a licensed Money Services Business operating out of the United States.

Brandon Arvanaghi

126,571 görüntüleme • 1 yıl önce

🇺🇸 Iran ran out of options on Tuesday. Not in stages. All at once. Inside one news cycle the regime lost the corridor, the wells, the oil cartel, and the man who runs the last open dollar route. Treasury sanctioned 35 banks under Operation Economic Fury. The press covered that. The buried line beside it was the one that mattered. Paying Iran for Strait of Hormuz transit is now a US sanctions exposure. For US banks. For non-US banks. For anyone in the wire. The corridor that runs the world's oil has a price tag the dollar system is forbidden from paying. Then Bessent went on camera. Kharg Island, the terminal that handles 92% of Iran's exports, is near storage capacity. Days, not weeks. When Kharg fills, Iran stops pumping. When the wells stop, the reservoir cones. Pressure inverts. Groundwater pushes into the rock and traps the remaining oil for good. The geology turns on the regime. He put a number on the bleed: $170 million a day. Hours later, UAE walked out of OPEC. 60 days of Iranian missiles, and the third-largest producer chose its own interest over oil cartel discipline. The oil-pricing room loses its anchor on May 1. Same day, the new Iraqi PM-designate took office. Ali al-Zaidi. Former chair of the bank Treasury already pushed off Iraq's daily dollar auction in February 2024. The corridor that produced the seat now needs the seat to protect it. Read it back together. Iran can't sell the oil. The cartel that gives it neighbours just shrank. The Iraqi rail it routes the parallel dollar volume through has a chair on top of a sanctions risk and a Treasury countdown. There is one variable left moving without a name on it. The Iraqi dinar peg has held through a war, a constitutional vacuum, a cash-pallet halt, and a five-month deadlock. It has held because the daily CBI dollar auction has held. The auction holds because banks the size of Al-Janoob have routed the parallel volume. Treasury just priced the parallel route. Everything in the room got named this week. Except the IQD peg. 👉 Complete extended briefing with all sources is open to members today. 👉Creating an account is free + you get a ton of benefits. We are getting close people. Let's land this thing. Link in bio "Today's Briefing"

Reset Intelligence

20,259 görüntüleme • 4 ay önce