Visa looking for new stablecoin settlement partner after BVNK sale to Mastercard

Visa’s request for product (RFP) talks about the need to support a range of stablecoins.

Visa is looking for a settlement and over-the-counter (OTC) partner with cryptocurrency exchange licenses in the U.S., Canada, UK and Singapore.
The prospective partner will also handle settlement for the newly introduced Open USD stablecoin project, which plans to support multiple stablecoins.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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