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Mastercard and Borderless launch a pilot project to test a stablecoin cross-border payment verification system

According to Cointelegraph, payment giant Mastercard has announced a pilot project with the stablecoin infrastructure network Borderless to explore the use of the Mastercard Crypto Credential standard framework to provide more reliable identity verification and compliance support for cross-border stablecoin payments.Both parties stated that the pilot will test how to provide "trust signals" that can be used for approval, compliance review, and risk management for transaction participants through a standardized certification mechanism, reducing compliance friction in cross-border stablecoin payments.The Mastercard Crypto Credential framework provides identity confirmation and credibility assurance for blockchain transactions through unified standards and verification mechanisms. Kevin Lehtiniitty, co-founder and CEO of Borderless, stated that compliance has always been a major barrier to the scalable development of stablecoin payments, and Mastercard is attempting to apply the compliance trust model from traditional finance to the digital asset payment space. He pointed out that the Mastercard Crypto Credential will serve as a governance and verification layer in this pilot, but Mastercard will not directly handle or settle funds. This collaboration is the latest move in Mastercard's ongoing strategy in the stablecoin space.Previously, Mastercard had just completed the acquisition of stablecoin infrastructure company BVNK for approximately $1.8 billion, further strengthening its infrastructure layout in the digital asset payment field. In June of this year, Mastercard also announced plans to expand its settlement capabilities to support round-the-clock card payment settlements using stablecoins, including USDC issued by Circle, PYUSD, USDG, USDP issued by Paxos, and RLUSD issued by Ripple.The market believes that as stablecoins gradually enter cross-border payment scenarios, identity authentication, compliance verification, and risk control infrastructure will become important factors driving institutional adoption.

The South African Treasury and the Central Bank have released a draft manual for the regulation of cross-border crypto assets, seeking public opinion

The South African National Treasury and the South African Reserve Bank (SARB) have jointly released the "Draft Manual on Cross-Border Crypto Asset Activities," which is now open for public consultation, with a deadline of September 30, 2026.This manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen the regulation of cross-border financial activities and prevent the risks of illegal fund flows related to crypto assets.The manual specifies the triggers for cross-border crypto asset transactions—when crypto assets are transferred between authorized CASPs in South Africa and foreign CASPs, or when they are transferred from an authorized CASP in South Africa to a non-custodial wallet, this constitutes cross-border capital inflow or outflow and must be reported to the Financial Surveillance Department (FinSurv).It is noteworthy that, at this stage, individuals are only allowed to conduct outbound crypto asset operations through authorized CASPs within a single discretionary limit or foreign capital limit, and South African entities are currently not permitted to engage in related cross-border operations.Furthermore, the manual does not currently differentiate between different types of crypto assets, nor does it classify crypto assets as South Africa's official currency.

hot_img Arm's revenue for the first quarter reached $1.29 billion, a year-on-year increase of 22%, exceeding expectations. Data center royalties doubled, and AGI CPU orders are expected to rise to $2 billion

Arm released its financial report for the first quarter of fiscal year 2027, with revenue of $1.29 billion, a year-on-year increase of 22%, exceeding the market expectation of $1.26 billion; adjusted earnings per share of $0.45, a year-on-year increase of 29%, surpassing the expected $0.40; adjusted net profit of $480 million, a year-on-year increase of 28%. Licensing revenue was $574 million, a year-on-year increase of 23%; royalty revenue was $715 million, a year-on-year increase of 22%, with data center royalty revenue more than doubling year-on-year.The AI and data center business is showing strong momentum. Since the launch of the Arm AGI CPU in March, customer demand has grown from an initial expected order of about $1 billion to over $2 billion. Cumulative shipments of Arm Neoverse data center processors have exceeded 1.5 billion cores, with the latest 500 million completed in just 9 months. NVIDIA Vera has fully entered production, and AWS has reached a multi-year agreement with Meta to deploy tens of millions of Graviton5 cores. Qualcomm announced plans to launch the Arm-based data center CPU Dragonfly C1000.Revenue guidance for the second quarter is approximately $1.38 billion, with adjusted earnings per share of about $0.47, both above market average expectations but below some optimistic forecasts. The company stated that the growth of smart mobile royalty revenue will slow, and after-hours stock prices fell by about 7% at one point.

hot_img TrendForce: AI demand drives Japanese and Korean MLCC suppliers to achieve the highest shipments in June in five years, with consumer-grade order overflow boosting prices from Taiwanese and Chinese manufacturers

According to the latest survey by TrendForce, in June, the top three MLCC suppliers in Japan and South Korea (Murata, Samsung Electro-Mechanics, Taiyo Yuden) achieved a monthly shipment volume that reached a nearly five-year high, with 140 billion, 98 billion, and 40 billion units respectively, and the growth momentum continued into July. AI applications are the main driving force, with CSP manufacturers maintaining strong procurement demand for self-developed ASIC platforms such as Google TPU and AWS Trainium, driving continuous growth in demand for high-capacity, low-voltage, small-sized MLCCs.At the same time, Japanese and South Korean suppliers are accelerating the shift of production capacity from consumer-grade X5R to high-end X6S/X7R specifications, resulting in a severe squeeze on the production capacity of mid-to-high capacity (1µF-22µF) consumer-grade MLCCs, with mainstream inventory days generally falling below 30 days. The overflow effect of production capacity has led channels, agents, and second- and third-tier customers to urgently pull goods, significantly increasing order visibility for Taiwanese and mainland suppliers, leading to rising prices, with agents raising prices by an average of 20-25%, and spot market prices have soared to 2-3 times the original price. TrendForce pointed out that the consumer-grade MLCC market currently shows a structural mismatch of "weak end demand, strong channel pricing."

IMF: Brazil's cross-border cryptocurrency fund flow has surpassed traditional capital flows

The International Monetary Fund (IMF) stated in its financial system stability assessment report released this month that Brazil's cross-border capital flows based on cryptocurrency have continued to grow since 2017, surpassing traditional capital flows. The report indicates that these capital flows are mostly driven by stablecoins, as businesses and retail investors use stablecoins for efficiency and tax-related reasons. The flow of stablecoins is related to international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and is also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies.The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but there are still shortcomings in areas such as customer legal protection and asset segregation. Comprehensive implementation of international standards such as the travel rule for anti-money laundering and combating the financing of terrorism (AML/CFT) is still needed. The report pointed out that Brazil's cryptocurrency system is connected to the traditional financial system, and regulators need to cooperate with domestic and international regulatory bodies to establish a more robust reporting mechanism. The Brazilian Congress is preparing to review Bill 4308/2024 to regulate the status of stablecoins.
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