🚀 Fnality International Appoints Michelle Neal As New CEO
#FnalityInternational #MichelleNeal #CEO #DistributedLedgerTechnology #DLT #SterlingFnalityPaymentSystem #CentralBank #TokenizedMoney #FinancialServices #Leadership #Innovation
According to Odaily, Fnality International has announced the appointment of Michelle Neal as its new Chief Executive Officer. Neal, who currently serves as the Executive Vice President and Head of Markets at the New York Federal Reserve Bank (NY Fed), is set to join Fnality in the first quarter of 2025. She brings extensive industry experience from her previous roles at institutions such as BNY Mellon, Deutsche Bank, Nomura Securities, Royal Bank of Canada, and the Royal Bank of Scotland.
Fnality is a Distributed Ledger Technology (DLT) settlement platform that launched the Sterling Fnality Payment System last year, supported by 20 global institutions. Angus Fletcher currently holds the position of CEO at Fnality UK. The company's system operates on an integrated central bank account, which holds funds to back tokenized central bank money. Fnality is also planning to introduce solutions for the US dollar and euro, pending approval from the respective central banks. This development follows the earlier announcement that Rhomaois Rham, the founding CEO of Fnality, plans to step down from his position.#FnalityInternational #MichelleNeal #CEO #DistributedLedgerTechnology #DLT #SterlingFnalityPaymentSystem #CentralBank #TokenizedMoney #FinancialServices #Leadership #Innovation
🚀 GENIUS Act Proposal May Impact Stablecoin Issuers
#GENIUSAct #stablecoin #interest #yield #tokenizedmoney #marketfunds #USDC #redemptions #liquidity #cryptomarket #gold #silver #Circle #realworldpayments #partnerships
The proposed GENIUS Act could significantly affect stablecoin issuers by prohibiting them from offering interest or yields to holders. According to NS3.AI, this legislative move is expected to redirect capital towards yield-generating tokenized money market funds. Over the past six weeks, USDC has experienced net redemptions totaling approximately $6.5 billion, resulting in a reduction in stablecoin liquidity and diminishing short-term buying power in the crypto market.
Simultaneously, investors are reallocating funds from stablecoins to traditional safe-haven assets such as gold and silver. In response to these market shifts, Circle is increasingly concentrating on transaction activity and the adoption of real-world payments through strategic partnerships.#GENIUSAct #stablecoin #interest #yield #tokenizedmoney #marketfunds #USDC #redemptions #liquidity #cryptomarket #gold #silver #Circle #realworldpayments #partnerships
🚀 Mastercard Launches Partner Program to Integrate Stablecoins and Tokenized Money
#Mastercard #Stablecoins #TokenizedMoney #PaymentInfrastructure #Blockchain #FinTech #DigitalCurrency #SoFi #CryptoIntegration #FinancialInnovation
Mastercard has initiated a partner program involving over 85 companies to integrate stablecoins and tokenized money into its payment infrastructure. According to NS3.AI, this initiative, launched on March 11, includes a diverse group of participants such as blockchains, custodians, exchanges, compliance vendors, banks, processors, and merchant-facing providers. This move is part of Mastercard's broader strategy to enhance its payment network capabilities. A notable example of this effort is Mastercard's collaboration with SoFi, announced on March 3, which focuses on SoFiUSD settlement as a practical application of network-based stablecoin settlement.#Mastercard #Stablecoins #TokenizedMoney #PaymentInfrastructure #Blockchain #FinTech #DigitalCurrency #SoFi #CryptoIntegration #FinancialInnovation
🚀 Stablecoins Seen as Core Infrastructure by Banks, Says Circle
#Stablecoins #Banks #Infrastructure #Circle #PaymentSystems #RegulatoryFrameworks #TokenizedMoney #NS3AI #Adoption #USDC
Circle has announced that banks are increasingly considering stablecoins as a fundamental part of their infrastructure strategy. According to NS3.AI, this shift comes as 24-hour payment systems begin to integrate with traditional financial systems. Circle emphasized that regulatory frameworks are playing a crucial role in driving the adoption of stablecoins, transitioning tokenized money from pilot projects into operational planning.#Stablecoins #Banks #Infrastructure #Circle #PaymentSystems #RegulatoryFrameworks #TokenizedMoney #NS3AI #Adoption #USDC