Mento Protocol has launched a USDm/EURm liquidity pool on Polygon, bringing oracle-priced onchain foreign exchange to a network handling more than $11.1 billion in non-dollar stablecoin transfers.
KB Kookmin Bank plans to use JPMorgan's Kinexys blockchain network for corporate USD payments across 10 countries in August, putting a major South Korean lender on 24/7 institutional settlement rails.
Circle and JCB have signed an MOU to explore USDC settlement and merchant payments, putting a 72 million-merchant network at the center of the stablecoin adoption race.
Hyundai Card completed a live $20,000 USDT transfer between Hyundai Motor's U.S. and Mexico units on Avalanche, then set a European stablecoin pilot for July.
Swift's new blockchain ledger is ready for initial use, with 17 banks preparing tokenized-deposit pilots for 24/7 cross-border payments.
Chainlink joined Project Pangea with European and Korean bank groups to test T+0 EUR-KRW stablecoin FX settlement through Swift-compatible rails.
Ripple joined Flutterwave's Series E at a 3.2B valuation, putting RLUSD, XRP Ledger and Ripple Payments into African payment rails.
Brazil banned crypto and stablecoins inside regulated eFX cross-border payment rails, but the move shows stablecoin adoption is now too large for central banks to ignore.