Welcome to PayFi Weekly, your trusted source for the latest in Web3 Payments, Crypto Remittances, and Stablecoins.

This week, we explore the rapidly evolving stablecoin landscape from regulatory heat in Asia to Europe’s central bank concerns, rising adoption by institutional players, and groundbreaking partnerships shaping the infrastructure of tomorrow’s finance.

⚖️ Regulation

🇸🇬 Singapore Sets June 30 Deadline for Unlicensed Crypto Firms

The Monetary Authority of Singapore (MAS) has mandated that unlicensed crypto firms cease overseas services by June 30, 2025, as part of efforts to tighten regulatory oversight amid rising adoption. Check details

🇰🇷 South Korea's Crypto Industry Poised for Growth Post-Election

Regardless of the outcome of South Korea's June 3 presidential election, the crypto industry is expected to benefit, as both leading candidates have pledged to ease regulations and promote crypto adoption. Read more on Cointelegraph

🇪🇸 Spain's Central Bank Warns Against U.S. Digital Dollar Ban

The Bank of Spain cautions that the U.S. veto on a digital dollar could undermine global monetary stability, highlighting the growing influence of stablecoins and the need for central bank digital currencies. Read more

🌍 Adoption

🇬🇧 IG Group Becomes First UK-Listed Firm to Offer Retail Crypto Trading

IG Group has announced it will be the first UK-listed firm to offer retail investors the ability to trade individual cryptocurrencies, including Bitcoin and Ethereum. This move marks a significant milestone in the UK's cryptocurrency journey. More on The Times

🇨🇳 Webus International Invests $300M in XRP.

Chinese AI firm Webus plans to use XRP for blockchain integrations, including on-chain records, loyalty tokens, and wallets. Read more

🛠 Tech & Partnerships

🌍 Ripple Expands Cross-Border Crypto Payments in Africa

Ripple has partnered with Chipper Cash to enhance cross-border payments in Africa using Ripple Payments, aiming for faster and more efficient transactions. Read more

🇪🇸 Dedge Security Raises €4M for Web3 Cybersecurity Tools

Spanish startup Dedge Security has secured €4 million in seed funding to develop its Web3 cybersecurity platform. The platform aims to provide comprehensive protection for decentralized apps, integrating security into the development lifecycle. Read more

🧩 Everything Else

🇺🇸 Fireblocks: Stablecoin Issuers Are Not Banks

In a pointed op-ed, Fireblocks argues that stablecoin issuers shouldn’t be treated like banks. Why? No lending, no leverage, just 1:1 reserves. Read the letter

🌐 Binance Users Save $1.75B in Remittance Costs

Binance has revealed that its platform helped users send $26 billion in remittances, saving $1.75 billion compared to traditional cross-border fees. Read more

🌍 IMF Now Tracks Bitcoin in Cross-Border Finance

For the first time, the IMF has formally added Bitcoin to its cross-border finance tracking model, signalling growing institutional acceptance of digital assets. Read more

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