Daily brief
Product · Hong Kong · Thu 24 Sept · 1 min read
Non-USD stablecoins target 24/7 cross-border settlement gap
What happened
Reap, backed by Payward and partnered with Visa, developing non-USD stablecoins across multiple currencies including Hong Kong dollar and Korean won is a direct response to the gap that conventional FX settlement hours create for cross-border transactions in Asia. For Philippine operators managing player funding or treasury flows across APAC time zones, 24/7 on-chain settlement in local-currency stablecoins removes a friction point that has kept crypto payment rails less useful than they appear on paper.…
Sources: CoinDesk
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