Partnerships & Ecosystem

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Musk’s X Money hasn’t launched yet—but it’s already making headlines! Mizuho says it will shake up the U.S. payments market and also downgrades PayPal’s rating

Elon Musk’s financial product X Money is expected to launch in April, potentially upending the U.S. payments market and putting pressure on PayPal, as Mizuho Securities has downgraded PayPal’s rating to “Neutral.” However, regulatory variables have become the main challenge, especially the legal uncertainty surrounding crypto-asset payments and yield-generating products. X has also rolled out a “Cashtags” feature that integrates real-time financial data.
ChainNewsAbmedia·2h ago

Circle CEO: We believe RMB stablecoins conceal enormous business opportunities, and we are optimistic that Hong Kong can become a cross-border payments hub.

Circle CEO Jeremy Allaire said the yuan stablecoin faces a huge business opportunity. He expects that China will roll out related products within the next three to five years and may change its regulatory stance toward digital assets. With rising demand for USDC, Hong Kong’s cross-border payment potential is also gaining attention, and Circle is closely monitoring changes in U.S. regulatory policy.
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ChainNewsAbmedia·10h ago