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      Stablecoins Take Aim at Cash Locked in Prefunding

      Cross-border payments carry a working capital cost before money reaches the recipient. Payment providers frequently need funds available in advance to make payouts in other markets. For a company operating across currencies and time zones, that can mean maintaining cash in multiple bank, settlement or network accounts so payments can proceed when customers send them. […]


      Source: PYMNTS.com
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud