BVNK has launched what it calls the first embedded wallet unifying fiat and stablecoins globally. ‍“Stablecoins are redefining how we transfer value around the world, enabling 24/7/365 global payments near-instantly,” the cryptocurrency-to-fiat firm said in a news release Wednesday (March 5). “But they’re not yet seamless for all use cases. And moving money between traditional currencies and stablecoins is still challenging.”. The embedded wallet, BVNK added, is designed to provide better payment flexibility by bringing fiat and stablecoins together in a single platform, offering direct access to blockchains and payment systems like Swift and ACH

The stablecoin market is positioning itself as at the forefront of payments innovation, and that forefront is at an inflection point. On Tuesday (Feb. 25), Bank of America’s CEO Brian Moynihan said in an interview that the bank would “go into” stablecoins if regulation were passed in the U.S., signaling a potential strategic pivot by one of the nation’s largest banks toward digital assets. Bank of America already holds over 80 blockchain-related patents, making it a banking leader in terms of blockchain IP. But the second part of Moynihan’s commentary was crucial: there exist a number of issues that need to be resolved from a regulation standpoint for banks to be comfortable with embracing stablecoins and other on-chain — particularly public chain — solutions