MAS Approval and License Expansion

MAS has approved Ripple’s expansion of its MPI license payment activities. Ripple can now legally offer digital payment solutions using digital payment tokens (DPTs), stablecoins — including its own RLUSD — and other crypto assets under the MAS regulatory framework. This development marks a significant step for fintech and crypto integration in the Asia-Pacific region.

Ripple CEO Monica Long commented:

“MAS has set a leading standard for regulatory clarity in digital assets, and we highly value Singapore’s forward-looking approach. Ripple has always adopted a regulation-focused strategy. Singapore proves that innovation thrives when rules are clear. This expanded license strengthens our ability to continue investing in Singapore and provide financial institutions with the infrastructure needed to transfer money efficiently, quickly, and securely.”

Ripple’s Asia-Pacific Strategy

The MAS approval demonstrates Ripple’s commitment to regulatory compliance in the Asia-Pacific region. Ripple will continue to provide digital payment solutions to corporate clients and financial institutions in Singapore while strengthening its blockchain-based infrastructure. The use of stablecoins and other digital payment tokens will also increase cross-border payment capabilities.

Fiona Murray, Ripple’s Vice President and Managing Director for Asia-Pacific, added:

“The Asia-Pacific region leads the world in real digital asset adoption, and on-chain activity has increased by roughly 70% year-on-year. Singapore is at the center of this growth. With this expanded payment scope, we can offer faster, more efficient payments and a broad range of regulated payment services to the institutions driving this growth.”

Ripple Payments provides fast, transparent, and reliable cross-border payments and on/off ramps for banks, crypto firms, and fintechs worldwide. The company’s fully licensed end-to-end solution manages infrastructure and operational complexity, enabling businesses to launch digital payment services quickly without additional costs or operational burden.

Why This Approval Matters

This MAS approval allows Ripple to offer digital payment solutions in Singapore legally and within a regulated framework. Ripple can now increase speed and reliability for payments using stablecoins such as RLUSD and other DPTs, while strengthening its strategic position in the Asia-Pacific region. The license also enhances Ripple’s credibility in corporate partnerships and global compliance.

Since establishing its Asia-Pacific hub in Singapore in 2017, Ripple has leveraged MAS’s leading regulatory role and clear frameworks to strengthen its operational infrastructure in the region. This step reinforces Ripple’s commitment to compliance, transparency, and strong regulatory partnerships.

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In this guide, you’ll learn what stablecoins are, how they work, the main types available, and why they are essential for both trading and everyday crypto use.

Basic Definition of a Stablecoin

A stablecoin is a cryptocurrency designed to keep a stable value, usually pegged to fiat currencies like the U.S. dollar or euro, or to commodities such as gold. This makes them a safe and reliable alternative for both investors and businesses.

The first stablecoin appeared in 2014 and quickly gained traction. Stablecoins offer security during volatile market conditions while taking advantage of blockchain speed and transparency. Initially, they were used mainly for trading on exchanges that lacked fiat pairs, but today they are widely used in DeFi platforms, payment systems, and other financial applications.

As of July 2025, the total stablecoin market capitalization exceeds $261 billion, dominated by Tether (USDT) and USD Coin (USDC).

Main Types of Stablecoin

Stablecoins can be grouped based on the mechanisms they use to maintain price stability. Each model comes with different benefits and risks.

1. Fiat-Backed Stablecoin

These are the most common type of stablecoins. Each token is backed by traditional currency reserves like U.S. dollars or euros. For example, one USDT is always equal to one U.S. dollar.

• Fully backed by fiat reserves held in banks.

• Regular audits confirm the collateralization.

• Can be purchased or redeemed directly for fiat.

• Examples include USDT, USDC, and BUSD.

2. Crypto-Backed Stablecoin

These stablecoins are backed by other cryptocurrencies as collateral. Because crypto assets are volatile, they are usually over-collateralized.

• $1,000 worth of ETH might back $500 worth of stablecoins.

• Smart contracts automatically adjust supply and collateral levels.

• Decentralized protocols manage the reserves instead of companies.

• Examples include DAI and sUSD.

3. Algorithmic Stablecoin

Algorithmic models maintain stability without holding any reserves. Instead, they use automated supply and demand adjustments to keep the price close to the target value.

• When price rises above $1, new tokens are minted.

• When price falls below $1, tokens are burned or supply is reduced.

• These systems do not rely on collateral but are riskier.

• Examples include Ampleforth (AMPL) and the now-defunct TerraUSD (UST).

4. Commodity-Backed Stablecoin

These are backed by physical assets like gold, silver, or oil. They allow investors to gain exposure to commodities via blockchain.

• Each token represents ownership of a specific quantity of a commodity.

• Provide a digital way to invest in physical assets without storage costs.

• Examples include PAX Gold (PAXG) and Tether Gold (XAUT).

5. Hybrid and Seigniorage Models

Hybrid stablecoins combine collateralized and algorithmic mechanisms. Some use seigniorage-style systems that adjust supply algorithmically to maintain stability.

• They may hold partial reserves or none at all.

• Highly experimental and carry greater systemic risk.

What Is USDT (Tether)?

USDT (Tether) is the most widely used fiat-backed stablecoin. Each token equals roughly one U.S. dollar and is backed by Tether Limited’s reserves. USDT acts as a safe haven during crypto market volatility and enables seamless trading between digital assets.

Users can transfer Tether through blockchain networks and store it in ERC-20 compatible wallets safely and easily.

How Stablecoins Work

Stablecoins maintain a stable price using several mechanisms:

• Reserve Mechanisms: Fiat-backed tokens are supported by cash or equivalent assets.

• Smart Contracts: Algorithmic and crypto-backed types use code to control supply and maintain equilibrium.

• Price Adjustment Systems: Token supply increases or decreases to stabilize price movements.

Key Use Cases

• Everyday Payments: Used for purchasing goods and services without price volatility.

• DeFi Applications: Serve as collateral in lending, staking, and liquidity pools.

• Cross-Border Transactions: Enable cheaper and faster global money transfers.

• Investment and Savings: Provide a stable store of value during market downturns.

Advantages of Stablecoins

• Low Volatility: Protect investors from market swings.

• Fast and Low-Cost Transactions: Ideal for peer-to-peer and cross-border payments.

• DeFi Integration: Used across lending, yield farming, and liquidity protocols.

• Access to Commodities and Fiat: Simple exposure to gold or USD without intermediaries.

• High Liquidity: Most trading pairs use stablecoins like BTC/USDT or ETH/USDC.

Disadvantages and Risks

• Counterparty Risk: Issuers may lack full reserves or fail to honor redemption.

• Centralization: Fiat-backed stablecoins depend on trust in a single company.

• Algorithmic Instability: May lose their peg in extreme market conditions.

• Regulatory Risk: Subject to freezes, sanctions, or government intervention.

• De-Pegging: Occurs when the stablecoin’s value deviates from its target asset.

Most Popular Stablecoins

The leading stablecoins in 2025 include:

• Tether (USDT) – the largest by trading volume.

• USD Coin (USDC) – known for transparency and regulatory compliance.

• Dai (DAI) – decentralized and backed by Ethereum collateral.

• PAX Gold (PAXG) – pegged to physical gold.

2025 Outlook and Future Trends

As of 2025, the global stablecoin market surpasses $261 billion, showing continued growth and institutional adoption.

• CBDCs (Central Bank Digital Currencies): Expected to coexist and integrate with stablecoins for efficient cross-border settlements.

• Corporate Adoption: Companies are increasingly using stablecoins for payments and reserves.

• Regulatory Focus: Authorities are developing frameworks for transparency, auditing, and investor protection.

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Visa Expands Stablecoin Capabilities

The global payments giant announced plans to add support for four stablecoins running on four unique blockchains. McInerney explained that these stablecoins represent two major digital currencies that Visa can process and convert into more than 25 fiat currencies.

“We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies,” said Visa CEO Ryan McInerney.

Visa already supports USDC, EURC, PYUSD, and USDG on Ethereum, Solana, Stellar, and Avalanche networks. The expansion reinforces Visa’s leadership in integrating blockchain technology into global payment systems.

Stablecoin Transactions Hit Record Growth

According to McInerney, Visa has facilitated over $140 billion in crypto and stablecoin flows since 2020. The company has seen “significant momentum” in this sector as consumer spending through stablecoin-linked cards quadrupled compared to last year.
Monthly transaction volume has now surpassed $2.5 billion, underscoring Visa’s growing impact in bridging traditional finance and decentralized payments.

Banks Can Issue Their Own Stablecoins

Visa is giving banks and financial institutions the tools to mint and burn their own stablecoins. McInerney said this is part of the company’s next development phase on its tokenized asset platform. Through Visa Direct, cross-border transactions will become faster and more transparent. This move is expected to boost stablecoin adoption and accelerate financial integration worldwide.

Visa is also expanding its pilot program that enables pre-funded cross-border payments using USDC and EURC, laying the groundwork for scalable blockchain-based payment infrastructure.

Key Takeaways

• Visa adds four new stablecoins across four blockchains.

• Banks can issue and burn stablecoins via Visa’s tokenized asset platform.

• Stablecoin-linked spending has quadrupled year-over-year.

• Monthly stablecoin volume exceeds $2.5 billion.

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PayProtocol is a blockchain-powered digital payment solution developed by South Korea-based payment company Danal. It aims to eliminate the high transaction fees, long settlement times, and intermediary costs associated with traditional payment systems. Built on a private Hyperledger Fabric blockchain, it supports various digital assets (like BTC, ETH, USDT) and is accepted at over 150,000 stores and major retail chains in Korea. Paycoin (PCI) is the native token used within the PayProtocol ecosystem. The project seeks to promote the everyday use of crypto for real-world purchases. 

How Does the Project Work? 

PayProtocol enables direct payments by connecting users, merchants, and wallet providers. The system consists of the following layers: 

• Blockchain Layer: Built on Hyperledger Fabric. Blocks contain PCI transactions and user data.
  The PayProtocol blockchain is responsible for verifying and processing payment and transaction orders. Within this network, core features enable interoperability between the network and participants. Only authorized peers can generate blocks and process payment requests, ensuring security, stability, and scalability. 
• Protocol Layer: Includes API and SDK integrations. 
• Service Layer: Connects POS systems, mobile apps, and third-party wallets. 

Blocks are created at least once per second. If over 500 transactions occur, block generation speeds up. All data is processed by authorized validators on the network. 

Core Use Cases 

• Direct use in product/service payments 
• Low-cost wallet-to-wallet transfers (0.1% fee) 
• Consumer campaigns and reward systems 
• DeFi and NFT compatibility via Ethereum bridge 

Paycoin (PCI) Features 

• Fast and low-cost blockchain-based payment solution 
• Private and permissioned Hyperledger Fabric infrastructure 
• Supports multiple digital assets: BTC, ETH, USDT 
• Accepted in 150,000+ stores and major retail chains in South Korea 
• Ultra-low transfer fee of 0.1% between wallets 
• Easy integration with API and SDK support 
• Promotes everyday crypto usage 
• Strong partners include Huobi, Bithumb, and Coinone 

Team and Partners 

Paycoin is developed by South Korea-based PayProtocol. It has partnered with Huobi Korea Prime and 150,000+ merchants and retail chains in the past. 

• CEO: Jung Wook Shin 
• CTO: Su Jin Lim 
• Director: Kyung Pyo Hong 

Crypto exchange partners include: Bithumb, Coinone, Korbit, Bitget, Huobi Global 

Token Information 

• Token Name: Paycoin 
• Symbol: PCI 
• Network: Hyperledger Fabric (permissioned blockchain) 
• Total Supply: 1.9 billion PCI (post-burn) 
• Circulating Supply: 1.05 billion PCI 
• Initial Supply: 3.94 billion PCI 

Token Distribution 

• Huobi Prime – 1%: Released via Huobi Korea Prime 
• Reserve – 11%: For development, exchange integration, technical support (not sold on the market) 
• Ecosystem Incentives – 24%: For merchant PCI adoption, customer rewards, and discounts 
• Marketing – 14%: Global promotions, airdrops, South Korea market growth 
• Operations – 9%: Daily operations, system maintenance 
• Team – 5%: For developers, project managers, stakeholders 
• Advisors – 10%: Strategic and technical experts 
• Global Marketing – 26%: User acquisition and cross-border expansion (300M PCI locked and vesting over 5 years) 

PayProtocol Ecosystem Components 

• PayProtocol Network: Central system that validates all transactions 
• Wallet Providers: Mobile apps accepting PCI via API/SDK 
• Merchants: Vendors accepting PCI and rewarding users 
• Users: Individuals using PCI to buy goods and services 

PayProtocol Bridge 

Since Paycoin runs on Hyperledger, it’s not natively compatible with DeFi/NFT platforms. A wrapped Ethereum version (wPCI) allows 1:1 conversion without affecting the total circulating supply. 

Business Model 

• A 2% fee is applied on international PCI payments (98% goes to merchants) 
• PCI transfers carry a 0.1% network fee (paid by sender) 
• Validators don’t earn fees but are rewarded through business development opportunities 
• Businesses can integrate loyalty points with PCI 

Notable Achievements 

• Integrated at over 150,000 stores (South Korea) 
• 3.2 million active users 
• Up to $1 million daily transaction volume 
• Zero security breach incidents 

Roadmap 

• 2019: Launched, early user acquisition 
• 2022: Over 50% token supply burned 
• 2023: Service paused due to regulatory issues in South Korea 
• 2024–2026: DeFi, NFT integration, global marketing, regulatory compliance, cross-border expansion 
• Q3 2024: Global franchise & merchant acquisition 
• Q4 2024: Infrastructure integration & deployment 
• 2025: Development of Paycoin’s own sidechain 
• 2026: Unlocking of all cross-border tokens 

Social Media & Community 

• Website
• Twitter
• Telegram
• Medium

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Webus’s XRP Move: A New Era in Cross-Border Payments 

Webus International announced plans to raise up to $300 million to build a Ripple reserve. This funding will come from non-equity sources such as bank loans, shareholder guarantees, and existing cash reserves. The company intends to integrate the XRP Ledger into its payment systems to achieve speed and cost advantages in international payments. 

CEO Nan Zheng stated that these strategic developments have the potential to create strong synergy between domestic and international operations. Zheng emphasized that XRP integration could revolutionize cross-border payments for partners and travelers worldwide. 

Current Status of XRP Market 

Despite Webus’s announcement, Ripple’s price did not show a significant increase. Over the last 24 hours, its price dropped by 2.71% to $2.13. Weekly performance also declined by approximately 9.00%. 

However, there is a notable rise in open interest in XRP futures markets. On the CME, open positions for Ripple futures have reached $223 million. 

Webus International’s investment plan demonstrates a commitment to adopting blockchain technology in global payment systems. Nevertheless, markets appear cautious, awaiting tangible developments. 

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This move would represent Meta’s most serious step back into crypto since abandoning its Diem (formerly Libra) project in 2021.

Institutions Flock to Stablecoins

Meta isn’t alone. On May 7, Visa announced an investment in stablecoin startup BVNK, signaling strong confidence in tokenized digital dollars. That same day, Stripe launched stablecoin-based accounts across 100+ countries, allowing users to store balances, transfer tokens, or convert them to fiat via bank withdrawal.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

As of May, the total market cap of stablecoins had exceeded $230 billion, underlining their explosive growth and growing role in global finance.

US Sees Stablecoins As A Strategic Tool

In March, World Liberty Financial (WLFI) — a crypto firm backed by Donald Trump — launched USD1, a dollar-pegged stablecoin. By May, USD1 ranked as the seventh-largest stablecoin by market cap.

US Treasury Secretary Scott Bessent emphasized that stablecoins are vital to preserving US dollar dominance. However, the GENIUS Stablecoin Act, which aimed to introduce regulatory clarity, was blocked by Democratic Senators on May 8, stalling momentum.

In a post on X, Bessent criticized the decision, calling it a “missed once-in-a-generation opportunity.”

As Meta weighs its next move, the future of stablecoins sits at the crossroads of technology, finance, and politics.

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Visa Integration for Crypto Payments

World Network is building an ecosystem that enables self-custody wallets to connect directly with Visa’s merchant network. The new service would offer stablecoin payments, foreign exchange services, fiat on and off-ramps, and a variety of fintech applications.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Tools for Humanity has submitted a product request form to Visa and other card issuers. In addition, World Network has been in discussions with Rain, a crypto card provider backed by Coinbase and Circle, which offers Visa cards for projects like Optimism and Avalanche.

Turning World Wallet Into a “Mini Bank Account”

A source familiar with the plans stated that the goal is to turn World Wallet into a “mini bank account,” allowing users to trade FX and crypto, load and send funds, and spend directly from their card. The source added that Sam Altman’s significant resources and influence might pose a competitive challenge to other wallet providers.

World Chat and Biometric Data Concerns

Earlier this month, World Network announced its World Chat application, enabling users to transfer cryptocurrency between accounts within the network. Meanwhile, the Worldcoin Orb, which scans users’ irises for biometric identification, has remained controversial since its 2021 launch.

Major payment networks like Visa and Mastercard are intensifying collaborations with crypto projects to expand their role in digital assets. A potential partnership between World Network and Visa could mark a significant milestone in this trend.

Representatives from Tools for Humanity, Rain, and Visa declined to comment on the matter.

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