Nuvei is acquiring Payoneer for $2.75 billion in cash, a deal that integrates stablecoin capabilities into existing payment infrastructure. The combined entity aims to offer a single partner for global money movement, including stablecoin transactions, across over 190 countries.
The FTC has sued Genesis Tech for defrauding consumers through app store scams, using shell companies in Cyprus and Ukraine to hide assets and revenue. The case highlights the difficulty regulators face in policing complex subscription scam networks.
Movement, a Move-based blockchain network, announced it has gained access to licensed payment rails across the US, Canada, and EU. This move aims to enhance its cross-border payment offerings, connecting traditional banking with stablecoin settlement networks, particularly for emerging markets.
DoorDash announced plans to integrate stablecoin payments through Tempo blockchain, allowing users, delivery drivers (dashers), and merchants to settle transactions using digital currency. The partnership aims to provide faster payouts, lower cross-border costs and greater transaction flexibility across more than 40 countries. DoorDash co-founder Andy Wang said faster, affordable payments for merchants and dashers would benefit the entire ecosystem.
