Tag
#Stablecoins
Crypto
Kraken parent Payward to buy stablecoin payments firm Reap for $600m, deepens Asia push
Kraken's parent Payward agreed to buy Hong Kong-based stablecoin payments firm Reap Technologies for up to $600m in cash and stock at a $20bn valuation, its largest deal yet and a clear signal of the IPO pitch: financial infrastructure, not a spot exchange.
By Caleb Mwangi
Banking
Mastercard ties up with Yellow Card to push stablecoin rails across EEMEA, opens with five-country pilot
Mastercard signed a partnership on Wednesday with African crypto-payments operator Yellow Card to roll out dollar-stablecoin payment infrastructure across Eastern Europe, the Middle East and Africa, with pilots in Ghana, Kenya, Nigeria, South Africa and the UAE.
By Naomi Voss
