BusinessSoftwareStartups

Modern Treasury Expands into Crypto with $40 Million Acquisition of Stablecoin Firm Beam

Modern Treasury, a payments automation platform, has acquired stablecoin startup Beam in a reported $40 million deal. The acquisition combines traditional payment expertise with cryptocurrency infrastructure as fintech companies increasingly embrace stablecoins.

Fintech Consolidation Accelerates

Modern Treasury, a late-stage payments company, has reportedly acquired stablecoin infrastructure startup Beam for approximately $40 million, according to sources familiar with the matter. The deal represents the latest consolidation in the rapidly evolving fintech sector as traditional payment processors expand into cryptocurrency services.

PolicyTrade

China’s Central Bank Announces New Measures to Boost Global Yuan Usage

Chinese monetary authorities are implementing new measures to promote the yuan’s global usage, according to central bank sources. The initiatives aim to streamline cross-border trade and expand financial market access for foreign institutions. These developments signal Beijing’s continued commitment to internationalizing its currency.

China Expands Yuan Internationalization Efforts

Chinese monetary authorities have announced new steps to facilitate global usage of the yuan, according to reports from central bank sources. The People’s Bank of China (PBOC) pledged to make it easier for both domestic and international institutions to utilize the Chinese currency in cross-border transactions.