Arabian Post Staff -Dubai ADNOC Distribution has agreed to buy Shell Downstream South Africa from Shell South Africa Holdings in a transaction that values the business at about $1 billion, giving the Abu Dhabi-listed fuel retailer a large platform in one of Africa’s most developed downstream markets. The definitive agreement covers 100% of SDSA’s share capital, before adjustments for net debt and working capital. Completion is expected […]
Co-hosted by Bloomberg L.P., the Forum was attended by Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies; Tang Zhiwen, Minister, Embassy of the People’s Republic in the United States of America; Ma Xiaoxiao, Deputy Consul General of the People’s Republic of China in New York; Chen Yiqun, Director-General of Information Office of Shanghai Municipality, and Hu Minghua, President of Shanghai United Media Group and over 200 guests from the political, business, finance and cultural sectors of China and the United States. The forum is dedicated to exploring the openness and similarities between Shanghai and New York to identify a shared framework of certainties among global hub cities.
The two cities share distinct advantages in sectors such as finance and trade, while also facing common challenges in urban renewal, low-carbon development, and digital transformation. Candid and open dialogue is essential for mutual learning, and it will also inject stability into China-U.S. relations.
On the topic of how global capital understands the Chinese market, a panel titled “Investing in China, Winning the Future” featured Chinese and international guests discussing how the appeal of Chinese assets is shifting from traditional growth narratives to AI, high-end manufacturing, financial opening-up, and institutional market development. As a hub for financial opening-up, an asset allocation center, and a cluster for innovative enterprises, Shanghai has become a crucial gateway linking international capital with opportunities in China.
Consumption is one of the most dynamic topics between China and the U.S. At the second panel of “Opportunies in emerging Consumer Markets“, moderated by Bloomberg Television host David Westin, panelists observed that the consumer vitality of Shanghai and New York stems not only from market size but also from their ongoing ability to create experiences, understand people, and activate urban spaces.
Besides the forum, the New York series of events for OUR WATER Season 3 also includes: West Meets East·Shanghai & New York 2026 – A Polaroid 20×24 Special Exhibition; Chinese Opera: A Century of Dreams – An Exhibition of Art Design and Technology; An Exhibition themed Shanghai’s “One River, One Creek” and Jing’an CAZ China-U.S. Business Leaders Dialogue in New York.
These events shape a tangible and immersive waterfront narrative, allowing Shanghai and New York—two super metropolises that have thrived on water—to resonate in harmony through dialogue. As Minister Tang Zhiwen stated in his address, Shanghai and New York, are expected to become benchmarks for subnational cooperation between China and the United States, and to make new contributions to fostering a “constructive China-U.S. relationship of strategic stability.”
Hashtag: #ShanghaiEye
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Designed to provide timely and flexible capital, these two business financing facilities were developed to enable Shariah-compliant businesses in navigating shifting market demands. Both products are aligned with the Shariah finance principle of Murabahah via Tawarruq concept, delivering transparent, ethical banking solutions to the Malaysian market.
Term Financing-i: Business Growth and Strategic Expansion
Engineered to fund medium to long term growth projects, asset purchases and infrastructure expansion while maintaining a healthy cash flow. AEON Bank Biz’s Term Financing-i offers this flexibility:
*Terms and conditions apply
Working Capital Financing-i: Empowering Business with Liquidity Agility
This financing facility provides a flexible credit line for short term cash flow needs, designed to bridge operational budget gaps and manage financial cycles. With AEON Bank Biz’s Working Capital Financing-i, customers can gain access to the following:
*Terms and conditions apply
A Dynamic Business Banking Experience
Beyond credit line disbursement, AEON Bank Biz serves as a holistic 360-degree, Shariah compliant banking partner for business owners across Malaysia. It enables businesses to manage assets, liabilities, operational financial needs and merchant operations, through a simplified banking process.
At the core of it all is the Business Current Account-i with a dynamic business banking functionality to support businesses to thrive :
*Terms and conditions apply
Empowering Businesses to Scale Sustainably
This latest rollout by a digital bank in Malaysia aligns directly with the national goal to supercharge SME contributions to the domestic Gross Domestic Product (GDP) up to 50% by 2030. In order to achieve that, access to financing, including digital banking solutions remains a key enabler for business growth. In fact, this is where banking institutions and fintech catalysts such as AEON Bank play an important role in achieving that target.
Click on the links to find out more about AEON Bank Biz and discover a #BetterBusinessBanking experience to scale your growth.
Hashtag: #AEONBank #digitalbank #islamicbank #digitalislamicbank #AEONBankBiz #BusinessBanking #TermFinancing #WorkingCapitalFinancing
https://www.aeonbank.com.my/business
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AEON Bank (M) Berhad is Malaysia’s first digital Islamic bank, licensed and regulated by Bank Negara Malaysia and the Ministry of Finance. Officially launched on 26 May 2024, we currently offer a suite of Shariah-compliant products and services for the Personal Banking and Business Banking (AEON Bank Biz) customers.
Our Personal Banking offerings are 100% accessible online via the AEON Bank app, where customers can activate and access the deposit Savings Account-i, AEON Bank x Visa Debit Card-i, Personal Financing-i, Term Deposit-i, Savings Pot, DuitNow QR, Zakat, Takaful, JomPay, utility bill payments, as well as a range of digital payment services with strategic partners and merchants. Moreover, AEON Bank has developed the Neko Missions, Malaysia’s first gamified digital banking interactive rewards programme and ‘Neko Sensei’, the AI-powered personal financial coach.
On 8 August 2025, AEON Bank (M) Berhad officially introduced AEON Bank Biz with the integrated cash management capabilities anchored by the Business Current Account-i, alongside Biz Term Deposit-i, Biz QR, Term Financing-i and Working Capital Financing-i. AEON Bank Biz focuses on streamlined processes for account onboarding, credit assessments and financial services, utilising AI-driven fintech solutions to enable simplified procedures, faster approvals, and an enhanced digital banking experience for businesses in Malaysia.
For eligible deposit-based products under AEON Bank and AEON Bank Biz, such as the Savings Account-i, Savings Pot, Term Deposit-i, Business Current Account-i and Biz Term Deposit-i, the deposits are protected up to RM250,000 per depositor. AEON Bank is a member of Perbadanan Insurans Deposit Malaysia (PIDM) and the deposit protection is automatic and free.
Being part of the AEON Group conglomerate, AEON Bank (M) Berhad is equally held by AEON Financial Service Co. Ltd. (AFS Japan) and AEON Credit Service (M) Berhad (ACSM). AFS Japan is responsible for the AEON Group’s financial services businesses, with strong roots in the retail sector which operates in Japan and 10 countries across Asia. AEON Group is Japan’s largest retail group and it is a pure holding company that comprises eight core businesses.
AEON Group Malaysia consists of several entities, namely, AEON Co. (M) Bhd, AEON Credit Service (M) Berhad, AEON Bank (M) Berhad, AEON BiG (M) Sdn Bhd, AEON Fantasy (M) Sdn Bhd, AEON Delight (M) Sdn Bhd, AEON Global Supply Chain Sdn Bhd and Malaysian AEON Foundation (MAF). AEON Group has been a recognisable household brand with more than 200 years of history and evolution in Japan since the Edo era, along with 4 decades of growth in Malaysia, providing consumers with daily financial solutions and diversified retail convenience.
Our cloud native agility and AI optimisation, combined with the strength of our Shariah finance DNA, Malaysian tenacity and Japanese roots are our distinguishing factors, while the integration across the AEON ecosystem gives us a competitive advantage of being the only bank in Malaysia with its own nationwide retail network. On top of that, AEON Points loyalty programme offers customers value-added benefits and meaningful rewards for their online shopping and in-store purchases.
AEON Bank (M) Berhad is committed to empowering the community in pursuing their financial aspirations and achieve economic independence, while cultivating a more inclusive financial future for all. We will continue to contribute towards positioning Malaysia as the Islamic banking hub in the region and fostering the growth of the nation’s digital economy.
Majid Al Futtaim’s VOX Cinemas at Mall of the Emirates has been recognised as the first fully accessible cinema in the Middle East, marking a significant shift in how entertainment venues in the region are adapting to universal design standards. The flagship Dubai cinema has secured Dubai Municipality’s Wosool Certificate of Compliance with Accessibility Regulations for Existing Buildings, becoming the first cinema in the GCC to receive […]
G42 and Microsoft have deepened their artificial intelligence alliance through a new collaboration linking Inception42’s Catalyst agentic AI platform with Microsoft Copilot, a move designed to shift AI agents from limited trials into day-to-day government and enterprise operations. The agreement, announced on Monday, allows organisations to build, govern and monitor AI agents on Catalyst while making them available through Microsoft 365 applications including Teams, Outlook and Word. […]
AG Company signed a strategic partnership with Akbar Investment Company of the Republic of Korea to study the establishment of a zone dedicated to Korean industries, with Al Ain identified as the proposed location. The initiative comes as the UAE and Korea deepen economic ties under a bilateral trade framework that entered into force on May 1, 2026, after being signed in Seoul on May 29, 2024.
The announcement coincided with the visit of a high-level Korean delegation to Abu Dhabi, led by Jung Min Kim, a member of the National Assembly of the Republic of Korea and member of its Committee on Trade, Industry, Energy, SMEs and Startups. The delegation included representatives from government and semi-government entities, investors and industrial companies.
The agreement was accompanied by the signing of 15 memoranda of understanding with Korean companies and manufacturers across industrial sectors. The proposed zone is expected to focus on advanced manufacturing, technology-led production, artificial intelligence applications, healthcare technologies and related industries, although the final sector mix will depend on feasibility studies, regulatory approvals and investor commitments.
The project aligns with Abu Dhabi’s wider industrial strategy, which seeks to more than double the emirate’s manufacturing sector to AED172 billion by 2031, expand non-oil exports and create thousands of skilled jobs. Abu Dhabi has been positioning industrial growth as a pillar of diversification, combining ports, free zones, logistics networks and investment incentives to attract manufacturers serving the Middle East, Africa and South Asia.
During the visit, the Korean delegation held meetings with the Abu Dhabi Investment Office and Khalifa Economic Zones Abu Dhabi to review the emirate’s investment environment, infrastructure and industrial services. The delegation also met business leaders and investors and carried out field visits to assess operational readiness, logistics capacity and production facilities.
Jung Min Kim said the UAE, and Abu Dhabi in particular, had established itself as one of the world’s most attractive and trusted investment destinations due to its economic vision, legislative environment and infrastructure. He said those advantages, along with stability and the capacity to attract quality investment, made the country an appropriate partner for expanding the presence of Korean industries across the region.
Dr Ahmed Abdullah, chief executive of AG Company, said the project reflected the UAE’s direction towards a more diversified and competitive economy based on knowledge, innovation and autonomous artificial intelligence capable of self-operation and execution. He said attracting Korean industries represented not only an economic investment but also an opportunity to transfer expertise, develop national competencies and strengthen the UAE’s position as a hub for industry and innovation.
The UAE–Korea trade agreement is expected to eliminate or reduce duties on more than 90 per cent of tariff lines over a period of up to 10 years. It also covers trade in goods and services, investment, customs procedures, digital trade, intellectual property, government procurement and cooperation in sectors including energy, healthcare and advanced industries.
The industrial zone proposal gives private-sector form to those commitments. Korean companies have strong global positions in electronics, automotive components, batteries, robotics, shipbuilding, healthcare equipment and advanced materials. Abu Dhabi offers access to capital, energy, transport infrastructure and regional markets, while Korean manufacturers bring production systems, export networks and technology capabilities.
The location of Al Ain carries added significance. The city has been seeking a larger role in Abu Dhabi’s economic diversification beyond its established strengths in agriculture, education, culture and tourism. A manufacturing cluster there could broaden industrial activity outside the coastal logistics corridor, although investors will assess connectivity, labour requirements, utilities, supply chains and access to ports before committing to factory sites.
Safwan Bals, board adviser at AG Company, said nominating Al Ain reflected a vision of expanding economic development and diversifying production hubs. He said the project could support the city’s economic and social development by attracting investments and creating direct and indirect employment opportunities.
By Nantoo Banerjee Despite never qualifying for the FIFA (Federations of International Football Associations) World Cup, India has emerged as one of the largest global markets for the current tournament being co-hosted by the United States, Canada, and Mexico, with matches played across 16 official host cities. In the opening weekend alone, the tournament reached […]
The article FIFA World Cup Reaches Over 100 Million Viewers In India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai DMCC has launched a dedicated cybersecurity vertical as part of a wider restructuring of its technology ecosystem, bringing more than 4,000 technology companies under the newly formalised DMCC Tech platform. The new unit, DMCC Cyber, is designed to support businesses working across cyber resilience, digital trust, data protection, identity management, and governance, risk and compliance. It will sit alongside the DMCC AI Centre, […]
Nissan Americas has disclosed a cyber breach involving employee records after attackers exploited a critical Oracle PeopleSoft flaw used in a wider data-theft campaign linked to the ShinyHunters extortion group. The carmaker said personnel information belonging to current and former staff in the United States, Canada, Mexico and Brazil may have been accessed through Oracle PeopleSoft, the enterprise platform it uses for payroll, tax administration and other […]
Grand Theft Auto VI has turned a viral comparison with Dubai’s Burj Khalifa into a wider debate over the cost of blockbuster entertainment, as industry estimates place the game among the most expensive creative projects ever attempted. The claim spreading across social platforms is striking: the Burj Khalifa, the world’s tallest building, cost about $1.5 billion and took six years to build, while GTA VI may cost […]
Ripple has secured full authorisation under the European Union’s Markets in Crypto-Assets framework, clearing the San Francisco-based blockchain payments company to expand regulated crypto services across the European Economic Area. The approval, granted through Luxembourg’s financial regulator to Ripple Payments Europe S. A., gives the company a Crypto Asset Service Provider licence and allows it to passport services across 30 EEA markets. It follows a preliminary clearance […]
The fatal incident took place at Patan village in Maval taluka, near Lohagad Fort, where a house was buried under debris in the early hours. Rescue teams recovered one body from the site, while operations continued to trace two other members of the same family. Police said three landslides were reported in the remote village after sustained heavy rainfall loosened slopes in the area.
The weather disruption quickly widened into a major transport emergency. Traffic on the Pune-Mumbai Expressway and the old Pune-Mumbai Highway was suspended after landslides, flooding and structural damage made movement unsafe. Authorities advised motorists to avoid travel between the two cities and follow official traffic updates, as waterlogging and debris blocked several stretches in and around Lonavala, Khandala and Maval.
The most serious road disruption was reported on the Pune-to-Mumbai carriageway of the Khopoli-Kusgaon Missing Link, where a landslide occurred near the exit of a tunnel. Traffic had to be diverted from about 4am as a precaution. Officials said parts of the retaining structure were affected, while separate reports of a concrete pillar falling on the carriageway added to safety concerns. The Missing Link, opened two months ago, is a 13-km route through the Sahyadri range designed to cut travel distance by about 6 km and reduce travel time by 25 to 30 minutes.
By early afternoon, movement on one side of the Missing Link had begun to resume, but diversions continued on the Pune-to-Mumbai side. Traffic on the old highway was being restored in phases, though police warned that water accumulation, damaged power lines and fallen trees could slow full reopening. Several motorists reported being stuck near Lonavala since early morning, with bumper-to-bumper queues forming after vehicles were shifted away from the closed stretch.
Rail services on the Mumbai-Pune route were also hit after landslides deposited mud and debris on tracks in the Bhor Ghat section between Karjat and Lonavala. Sixteen trains were cancelled, while several others were diverted, short-terminated or short-originated. Railway teams began clearing operations near Thakurwadi and Monkey Hill Loop Cabin, with safety inspections required before regular movement could resume on affected tracks.
The disruption came after Lonavala recorded exceptionally heavy rainfall, with estimates ranging from more than 600 mm to 670 mm over 24 hours. The heavy downpour swelled streams, flooded low-lying areas and left slopes in the ghat section vulnerable to further slips. Officials said flood-like conditions were also reported in parts of Maval and Tamhini Ghat, restricting the use of alternate routes between Pune and Mumbai.
The Pune district administration declared a holiday for all schools and anganwadis on Monday after a red alert for extremely heavy rain. Residents were asked to avoid unnecessary travel, stay away from waterfalls, rivers and hill slopes, and not venture into flooded stretches. Disaster response teams, police and local volunteers were deployed across vulnerable points, with the National Disaster Response Force engaged in search and rescue work at Patan village.
The wider rain spell has placed Maharashtra’s disaster management system under pressure. Mumbai, Palghar, Raigad and the ghat areas of Pune district received heavy to extremely heavy rainfall, causing tree falls, local flooding and transport breakdowns. Mumbai’s civic authorities advised work-from-home arrangements where possible, while schools and colleges in several districts were shut as a precaution.
HONG KONG SAR – Media OutReach Newswire – 6 July 2026 – This July, celebrating his birthday month, Anson Lo marks a decisive leap into the global spotlight. Defined by his philosophy of “Adventure and Limitless,” the MAMA award-winning artist over the past weekend brought his solo concert tour to Macau, delivering a highly acclaimed, two-night engagement that drew an overwhelming response. This milestone is further amplified by the highly anticipated release of his new English single “Helicopter” and his high-profile appearance in the English drama The Season. Known for his razor-sharp choreography, Lo has transcended his status as Hong Kong’s premier idol to become a defining figure of a new, international generation.
The Rise of “Lo-Phenomenon”
Anson Lo’s trajectory over the last few years has been defined by a series of professional breakthroughs that have solidified his status as a regional powerhouse:
A New Frontier: Crafting English Hits and Lyrics
Lo’s global evolution shines through his self-penned English rap lyrics across nearly all his dance singles. Expanding his creative control, he wrote his two full English tracks, “Trippin’ Up” and the newly released “Helicopter.” “Helicopter” just dropped to an overwhelming global response, solidifying his international musical footprint.
About Anson Lo
Anson Lo (born July 7, 1995) is a multifaceted Hong Kong singer, dancer, and actor. Since his 2018 debut with the group MIRROR, he has evolved into a record-breaking soloist, headlining multiple solo concerts and releasing chart-topping hits such as “Megahit,” “Mr. Stranger,” and “Hey Hey OK!”. Today, he stands as a versatile artist working across music, fashion, and film.
Instagram @ansonlht | Facebook @ansonlht | YouTube: @AnsonLoHonTing
Hashtag: #AnsonLo #盧瀚霆 #AnsonLo盧瀚霆
https://www.facebook.com/ansonlhthttps://www.instagram.com/ansonlht/
https://www.youtube.com/@AnsonLoHonTing
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Arabian Post Staff -Dubai BARQ Systems has formed a regional partnership with ServiceNow to speed up digital transformation and enterprise automation across the Middle East and North Africa, targeting organisations that are moving from isolated technology upgrades to AI-enabled operating models. The collaboration is designed to help enterprises use the ServiceNow AI Platform to convert complex workflows into automated, data-led processes across IT, customer service, human resources […]
The UAE’s first Etihad Rail passenger service has begun carrying travellers between Fujairah and Abu Dhabi, opening a new phase in the country’s transport infrastructure and giving residents a rail alternative to long inter-emirate road journeys. The inaugural service left Fujairah’s Al Hilal City station at 5.34am on June 30 and arrived at Mohamed bin Zayed City station in Abu Dhabi at 7am, ahead of its scheduled […]
Arabian Post Staff -Dubai The UAE has emerged as the GCC’s busiest confirmed construction market, with 700 execution-ready projects valued at $138 billion, underscoring the country’s shift from post-boom recovery to a broader phase of active development across real estate, energy, infrastructure and specialised industrial assets. Saudi Arabia ranks close behind by project count, with 628 confirmed schemes, though its pipeline is larger in value terms at […]
Arabian Post Staff -Dubai OPEC+ has approved another increase in oil output targets for August, adding 188,000 barrels per day to planned supply as Gulf exports move back through the Strait of Hormuz and crude prices ease from wartime highs. The decision, taken at a virtual meeting on Sunday, extends a sequence of monthly quota increases that began in April and continued through June and July. Saudi […]
Supporting the Next Generation of Animation Storytellers
Building on its support for emerging animation talent through the inaugural XPPen Award for Graduation Films at the Annecy International Animation Film Festival in 2025, XPPen deepens its commitment to the animation community through the 2026 Annecy Festival Residency. The initiative provides selected animation feature film projects with studio space, tailor-made professional mentorship and opportunities to engage with the global animation community.
This year’s residency selected three animation projects from 52 submissions across 29 countries: All the Heaven’s Doors, Condenaditos, and Todo viene del agua. These projects boldly reflect on social issues, refuse fatalism, and revisit fragments of life and history with exceptional artistic courage and creative vision. As the residency’s official partner, XPPen provides its flagship Artist Pro 27 (Gen 2) drawing displays to support artists throughout the creative development process, from concept sketching and storyboarding to visual refinement.
“We contribute more than hardware, but also our deep respect for artistic souls who refuse to follow the crowd—those committed to using animation to probe the depths of human nature,” said Brian Huang, Marketing Director at XPPen. “We admire creators who challenge the world through storytelling, and we’re honored to walk alongside such creative spirits with tools they can trust throughout their journey.”
Featuring professional-grade color performance, a 27-inch 4K 120Hz display, and X-Touch technology, the Artist Pro 27 (Gen 2) enables artists to remain fully immersed in art creation. By seamlessly supporting technical demands, the tool fades into the background and becomes an extension of the creator, freeing artists to focus on what matters most: telling compelling stories.
Showcasing Professional Innovation at MIFA 2026
At MIFA 2026, the world’s leading animation industry marketplace held alongside the Annecy International Animation Film Festival, XPPen presented its latest creative product lineup, demonstrating how its expanding ecosystem supports creators at every stage of their creative journey.
The lineup spans entry-level standalone tablets for aspiring artists, the Magic Drawing Pad for everyday digital creation, the Artist 16 3rd portable pen display for professional creators, the flagship Artist Pro 27 (Gen 2) for high-end creative production, and the newly launched Pilot Pro, a productivity-focused editing console designed to streamline editing workflows, marking XPPen’s first foray into the professional editing console category.
Beyond product demonstrations, XPPen invited artists to share their creative process on site. Illustrator and animator Julie Roulet demonstrated how professional pen displays can support efficient animation workflows, while 2D/3D artist Benjamin Cerbai explored hybrid digital creation using the Magic Drawing Pad, giving visitors first-hand insight into how the device supports diverse creative scenarios.
By continuing its presence at the Annecy International Animation Film Festival and MIFA, XPPen reaffirms its long-term commitment to supporting creators through both technological innovation and meaningful engagement with the animation industry. Guided by its belief in empowering bold self-expression, XPPen is dedicated to developing tools that enable creators to turn ideas into reality. The company continues to build a creative ecosystem that supports artists at every stage of their journey, growing alongside them from their first ideas to professional creative production.
The issuer is solely responsible for the content of this announcement.
Tehran opened weeklong funeral ceremonies for Ayatollah Ali Khamenei on Saturday, turning public mourning for the slain former supreme leader into a carefully staged display of endurance after months of war, political uncertainty and pressure on the Islamic Republic’s ruling establishment. The body of Khamenei, killed on 28 February during US and Israeli strikes at the start of the war, was placed at the Imam Khomeini Grand […]
Parrot OS 7.3 has been released with a clear emphasis on faster execution, cleaner images and smoother daily use, marking a refinement-led update for the security-focused Linux distribution rather than a broad expansion of its tool catalogue. The update rebuilds every edition of the operating system and targets two areas that matter to security researchers, penetration testers, developers and privacy-focused users: better performance on modern hardware and […]
A newly identified cyber-espionage group has targeted government agencies and electricity-sector organisations in Russia, Brazil and Kazakhstan, using phishing emails to deploy a Windows information stealer designed to extract credentials, documents and browser data. The group, named Armored Likho and provisionally linked to a cluster known as Eagle Werewolf, has emerged as a notable threat because its operations combine espionage against institutions with financially motivated attacks against […]
Mexico-focused companies are facing a sharper wave of TimbreStealer attacks as operators behind the information-stealing malware combine tax-themed phishing with cloud-hosted delivery, DLL side-loading and layered evasion designed to defeat automated analysis. The campaign marks a technical step-up for a malware family first tracked in late 2023, when attackers used fiscal and invoice lures to push an obfuscated stealer at users in Mexico. The latest activity keeps […]
Securitize began trading on the New York Stock Exchange under the ticker SECZ after completing its merger with Cantor Equity Partners II, giving the tokenisation platform a public-market foothold at a time when Wall Street is testing blockchain rails for regulated securities. The Miami and New York-based company closed its business combination on 1 July, with trading starting the following day. The deal is expected to raise […]
Arabian Post Staff -Dubai Mastercard has joined a consortium of more than 140 companies backing Open USD, a new dollar-pegged stablecoin designed to lower the cost of business payments and widen corporate use of blockchain-based settlement. The initiative, run by Open Standard, brings together payment networks, banks, technology companies, crypto platforms and asset managers in an attempt to create a shared stablecoin infrastructure rather than a token […]
