FX News

The Canadian bank added USD–CAD conversion to its tokenized deposits, enabling real-time cross-border transactions as banks test blockchain-based settlement systems.

Stablecoins are emerging as cheaper alternatives to costly legacy FX rails, but off-ramps such as bank account access add significant friction, according to Delphi Digital.

Circle is seeking to improve FX market infrastructure by offering institutions deeper global liquidity access with fewer intermediaries and reduced counterparty risk.

The Mastercard Multi-Token Network is connecting with JPMorgan’s ambitious Kinexys Digital Payments for faster settlement.

The Australian digital dollar was used in a trade for a United States dollar stablecoin using an Ethereum layer-2 blockchain.

CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking.