Trillions are locked in prefunding to support global remittances and cross-border payments. Huma and @arf_one unlock that by enabling licensed payment providers and trade finance platforms to access instant stablecoin liquidity. This is PayFi on @Solana.

While crypto is gripped by fear, the buildout of digital asset infrastructure and tokenized financial markets accelerates unbothered Big divergence between price action and institutionalization What’s happened past few days: • Visa takes USDC prefunding into commercial production • BNY and Citadel Securities execute a triparty repo using tokenized Treasuries • Interactive Brokers launches ETH staking • DRW and Marex execute an OTC swap referencing a tokenized S&P index • Deutsche Bank prepares to launch crypto custody • Charles Schwab is expanding its crypto offering to include deposits and withdrawals to external wallets

Head of Crypto at Visa and host @cuysheffield on why global money moving platforms increasing need stablecoins: ⁣ ⁣ "I think every global money movement platform has to integrate stablecoins in some way, and I think we're seeing that across the board, that it's just becoming a table stakes feature that customers expect."⁣ ⁣ "If you could start with fiat, we'll just use the stablecoin on the back end, convert back into fiat, like that was the use case that was kind of the easiest to get the most skeptical person to say, okay, maybe that'll work."⁣ ⁣ "Now I hear a lot more about either stablecoin in, fiat out, or fiat in, stablecoin out, and in some ways it feels like those are actually easier flows."⁣ ⁣ "What we announced today was stablecoin prefunding, being able to send a stablecoin to Visa for us to pay out in fiat."⁣ ⁣ "Banks say, okay, I wanna be able to reach stablecoin wallets, but I don't wanna deal with the stablecoin, so I'll send you fiat, and then you pay out in the stablecoin."⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com

B2B stablecoin payments have hit a $226 billion annualised run rate, up 733% in a year, but the onchain leg was never the expensive part. The real cost sits in FX spreads, local rails and prefunded capital. We ranked the 9 best stablecoin FX platforms for cross-border payments in 2026, from Circle StableFX’s onchain swaps to fiat-and-stablecoin desks like @CodexFX that settle 24/7 without prefunding. Read the full breakdown:

Mesh and Visa are launching crypto payments without a separate card The idea is simple: the wallet app where you hold crypto pays at Visa merchants itself. A Visa credential is created in the background, you tap at a regular contactless terminal, and Mesh handles the conversion at that moment The best part: - nothing to sell or top up in advance, you pay from what you already hold - merchants change nothing, they get a regular Visa payment - wallets plug in through @meshpay and skip building a card program of their own - KYC still applies, Mesh runs it It is not live yet: no date, no devices and no wallets named so far Four days earlier @Visa Direct put USDC prefunding for business payouts into production, with Inyo Global as the first to plug in Crypto Cards moved $1.56B in September, and this goes after the card itself. Under the hood it is still Visa, you just stop signing up for a separate product Would you pay from your wallet app without a separate card?

Moving a stablecoin onchain costs almost nothing, but once you add the on- and off-ramps, total cost can climb to nearly 9% of the transfer. We ranked the 9 best institutional ramps for 2026 on rates, settlement speed, prefunding and licensing, from issuer channels like Circle Mint and Paxos to newer players like @CodexFX, which settles 24/7 in under 30 minutes with no prefunding. Read the full breakdown:

Local currency, global dollar. Circle Mint now supports direct local currency on/offramps in 8 currencies, helping eligible businesses move more directly between local banking rails and USDC. Alongside USD and EUR, supported currencies now include BRL, GBP, HKD, MXN, CNH, and SGD. FX happens inside Mint, with no separate conversion step or additional account prefunding required.

Circle Current Session Recap: Always-On Settlement Rewrites the Bank Operating Model Circle Current is a series from Circle that brings together industry leaders to explore what’s next in the internet financial system. Always-on settlement is moving from pilot to production, with stablecoin rails giving banks a practical path to move funds 24/7. What’s changing: → Settlement is moving beyond banking hours → Liquidity can move with less delay → Prefunding requirements can start to shrink → Treasury and operations teams need to adapt to continuous money movement Visa’s rollout shows this is no longer an edge case. For banks, the shift is bigger than faster payments. It is an operating model change. Read the blog for more details:

🚨JUST OUT: $CRCL’s Q3 revenue rose 17%, adjusted EBITDA surged 85%, and USDC onchain volume jumped 49% to $13.9 TRILLION. But, despite a profitable quarter Circle cuts about 5% of its staff in Q3, costing $9.1 MILLION, mostly in employee payouts. The cuts come as interest income from USDC reserves FALLS. This brings in about three-quarters of Circle’s revenue. Binance also announced a $100 MILLION equity investment and expanded its USDC partnership. Circle didn’t just post good Q3 earnings. But it also landed a number of business deals. Q3 RESULTS: - Revenue and reserve income $864.9M vs $776.7M expected - Adjusted EBITDA $317M vs $202.8M expected. Net income from continuing operations $226M, up 5% - EPS $0.84, up from $0.64. - USDC minted $104B vs $82.45B expected. - Average USDC circulation $73.3B, up 8%. - Reserve return rate 3.5% vs 3.52% expected. - USDC market share 27%, down 1.83 percentage points year over year. BUSINESS DEALS AND EXPANSION: - Tazapay acquisition agreed, bringing $25B+ in annualized payment volume and payout rails across 100+ markets. Closing expected in 2027, pending approvals. - Circle Payments Network reached $41.3B in annualized volume. - Arc mainnet launched with 100+ builders. Circle minted 10B ARC tokens, with Proof of Stake targeted for 2027. - Arc community includes 75,000+ members and 10,000 ambassadors, with 1,200+ projects built. - Chelsea FC partnership puts Circle and USDC on team shirts from the 2026/27 season. -Allaria expands institutional USDC access in Argentina. - Tereina integrates USDC and EURC into SAP ecosystem payments. - Samsung Wallet enables eligible USDC transfers to bank accounts in 60+ countries. - Visa Direct commercialized USDC prefunding for eligible payouts across 180+ countries. - Volante helps financial institutions integrate stablecoin payments and settlement. Full-year guidance remains unchanged, including $570M–$585M in adjusted operating expenses.