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RedotPay launched RedotPay Connect at Money20/20 Europe, introducing a merchant gateway for stablecoin payments. The platform allows businesses to accept crypto wallet transfers and receive settlement in local currencies, including USD, EUR, and GBP instantly.

According to the company report, merchants can integrate one way to accept payments from crypto wallets. It claimed this product would help businesses save up to 70% in their processing costs as opposed to the card and banking systems. 

Also Read: RedotPay Launches GMC Entity to Boost Stablecoin Payments

Stablecoin Payments Aim to Reduce Merchant Costs

According to RedotPay, the offering will also provide greater merchant access to users of cryptocurrency in global digital markets by enabling stablecoin payments.

Connect is designed to address payment problems that have hindered the use of crypto in commerce. These include high transaction costs, technical complexity, and price volatility linked to digital assets.

The gateway enables merchants to accept stablecoin payments and get settled in the local currency. RedotPay said this model helps businesses serve crypto users without holding or managing cryptocurrencies on their own balance sheets.

The service includes support for big wallets like Coinbase Wallet and MetaMask. That support enables customers to pay with the crypto tools they know how to use, while merchants can receive stablecoin payments via a business-friendly settlement structure.

Jonathan Chan, Head of Partnerships and Co-Founder of RedotPay, stated that merchants have been dealing with excessive fees and crypto volatility for too long. He said the company didn’t just create a gateway; it created a bridge.

RedotPay Skill to Connect AI Agents With Payments

RedotPay also used the launch to outline its next payment plans. The company stated it is working on AI tools that would enable AI agents to make transactions with stablecoins without payment cards.

RedotPay Skill will be available from the company later this month. It aims to integrate AI agents into RedotPay’s payment network, enabling AI-driven software to initiate and finalize transactions via stablecoin payments.

The future of RedotPay is in digital assets and autonomous agents enabling commerce at scale. As AI capabilities continue to progress, these systems could enable seamless cross-border transactions.

RedotPay Connect joins a rapidly expanding ecosystem of merchant tools focused on stablecoin payments. It brings together crypto wallets, local currency settlement, and upcoming AI payment capabilities into a unified merchant-centric platform.

Also Read: Quant Network Launches Fusion Rollup Connecting 74 Blockchain Networks

Chainlink (LINK) is testing a key support level after recent losses, with analysts watching for a rebound toward higher resistance zones for the Chainlink price. Despite bearish technical indicators, the Chainlink gained attention after enabling a major cross-chain institutional settlement involving J.P. Morgan and Ondo Finance.

At the time of writing, LINK is trading at $8.86 with a 24-hour trading volume of $318.84 million and a market capitalization of $6.45 billion. Despite the 2.46% loss over the last 24 hours, the LINK price structure and institutional adoption point to a bullish reversal.

Source: CoinMarketCap

Chainlink Price Eyes $11 After Testing Major Support

According to the crypto analyst Ali Charts, LINK is retesting the lower boundary of its trading channel after facing recent market pressure. Analysts believe this zone could become a strong support area if buyers return with momentum. 

The Chainlink price remains technically structured within its broader trend, making the current level important for traders watching for signs of a potential rebound.

Source: Ali Charts’ X Post

In case the bullish momentum continues gaining momentum, then traders are considering $10.10 and $11 as the probable resistances on the upside. 

If the Chainlink price breaks out from these zones, there will be an improvement in investor sentiment, thus resulting in a stronger rebound in prices. On the other hand, failure to maintain support may make the token susceptible to downward moves.

Also Read: Chainlink Price Stalls in Falling Wedge as Breakout Signal Builds Near $9.9

LINK Faces Pressure Below Key Moving Averages

According to TradingView, there is an indication that the Chainlink price is witnessing a bearish turnaround following a high point in May. It soared above the $10.50 price point only for it to face stiff resistance, leading to a dramatic fall in value until June. 

At about $8.88900, the Chainlink price experienced a drop in value by 2.70%, falling below the 20 EMA ($9.38019) and the 50 EMA ($9.45794).

Source: TradingView

As per technical analysis, there is a strong ceiling in the form of resistance above along with diminishing momentum. 

The Chianlink price remains firmly trapped well below its key 100 EMA of 9.75352 and 200 EMA of 11.08957, indicating that there is a downward trend. On the other hand, the RSI indicator is trading at 37.41, which is below its signal level of 43.38.

Chainlink CRE Enables Institutional Cross-Chain Deal

The data from Chainlink further highlighted that the Kinexys project, which is a joint venture between J.P. Morgan, Chainlink, and Ondo Finance have reached a breakthrough with their atomic settlement of a tokenized asset across chains. 

This development marks an important milestone in terms of adoption of blockchain technology by institutions, linking a banking blockchain to a Layer-1 chain.

Source: Chainlink’s X Post

The solution used the Cross-Chain Runtime Environment (CRE) provided by Chainlink, facilitating the secure transfer of funds without any risks across different blockchains. 

This is an example of how tokenization and interoperability will revolutionize finance, and it demonstrates Chainlink’s importance as a key infrastructure firm connecting major financial firms with the blockchain economy.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Chainlink Price Consolidation Near $9 Points to a Possible Breakout Toward $11

The MoneyGram launch of MGUSD introduces a native U.S. dollar stablecoin designed to support the company’s expanding blockchain payments network.

Built on Stellar and supported by Bridge, M0, and Fireblocks, the MoneyGram launch aims to improve cross-border transfers, provide stable digital dollar access, and expand financial services globally.

MoneyGram Launch Introduces MGUSD Stablecoin

MoneyGram has launched MGUSD, a native U.S. dollar stablecoin built on the Stellar blockchain, marking a major step in its expansion of blockchain-powered payments infrastructure across its global network.

The MoneyGram launch aims to strengthen digital payments infrastructure while serving families that send money across borders and people with limited access to traditional financial services.

The company said MGUSD will act as the foundation for future blockchain-powered products.

By integrating stablecoin technology into its network, MoneyGram seeks to create a more connected and efficient financial ecosystem for customers worldwide.

Also Read: Stellar Price Surges 26% as Developer Activity Tops Web3 Rankings

Partnerships Strengthen Blockchain Infrastructure

Several technology firms are supporting the MoneyGram launch of MGUSD. Bridge, a Stripe company, serves as the regulated issuer of the stablecoin.

M0 provides the smart contract infrastructure for minting and burning tokens, while Stellar hosts the stablecoin at launch. Fireblocks wallets store MGUSD before it is transferred to customer wallets embedded within the MoneyGram app.

As per MoneyGram’s plan, they would like to integrate the MGUSD token into the wallet that customers own themselves through their app.

The customers can thus keep a stable dollar-based balance as well as access the digital cash balance through the stablecoin platform.

Stablecoin Targets Global Money Movement

The MoneyGram launch is aimed at ordinary consumers seeking reliability, reduced costs, and continuous use of an array of financial services.

The MGUSD cryptocurrency is meant for individuals transferring funds from one country to another, not crypto enthusiasts.

In markets facing inflation, currency devaluation, or difficulty accessing banks, MGUSD allows you to store your U.S. dollars in a digital wallet and transfer them to any corner of the globe, converting them into whichever currency suits you best.

According to MoneyGram, this stablecoin could expand financial access. The adoption of MGUSD represents yet another step that builds on the success of MoneyGram’s partnership with the Stellar Development Foundation over many years.

As a company operating in 500,000 retail locations around the globe, MoneyGram works with more than 60 million active clients and moves more than 70% of transactions online.

It seeks to establish an interconnected payment system through its work with blockchain-based solutions.

Also Read: Bitcoin Spring Rally: 16-Week Fakeout Before Strong Crash?

Quant Network launches Fusion Rollup on mainnet, connecting 74 blockchain networks into one institutional multi-ledger system. It unifies fragmented assets into single forms like uUSDC, reduces bridge dependency, and enables cross-chain execution, settlement, and governance within a secure, compliant, and scalable infrastructure for institutions.

Quant Network launches Fusion Rollup mainnet

The Fusion Rollup from Quant Network marks a new phase in blockchain infrastructure for institutions. It launches on mainnet with connections to 74 blockchain networks.

The system introduces a multi-ledger rollup designed to remove fragmentation across ecosystems. It allows asset messages and transactions to move across chains without relying on external bridges.

This approach replaces traditional isolated blockchain models with a shared execution environment. The architecture supports institutional requirements such as governance, security, and scalability.

It is built to serve organizations that operate across multiple networks and need consistent settlement logic across them.

Also Read: SWIFT Cross-Border Payments Backed by 50+ Banks

Unified assets solve liquidity fragmentation

Quant Network Fusion introduces unified assets replacing fragmented tokens across chains. Stablecoins like USDC or tokenised funds like BUIDL often exist as separate copies on different networks.

This creates liquidity fragmentation and operational complexity for institutions. Fusion consolidates these into a single representation such as uUSDC or uBUIDL. The asset remains tethered to the initial chain throughout its functioning as part of the rollup as one pool.

The institutions handle only one balance, thus saving on reconciliation costs and increasing liquidity. It is possible to withdraw any of the assets from its native chain at any time.

Institutional platform strengthens governance and workflows

Quant Network recently rebranded Quant Connect as connect.overledger.dev for use within the Fusion network.

The platform provides users with interaction capabilities with Overledger, as well as a rollup environment, by integrating Flow Applications for signing, bridging, and executing smart contracts.

These workflows will be consistent regardless of which interface, backend, or AI agents are used. Organizations are able to conduct their highly sophisticated, multi-party transactions all under the same umbrella, with governance and compliance measures built into each layer of the operation.

Access control is maintained using Overledger and the Fusion Firewall, regardless of the means of access.

This release allows Fusion to emerge as the pivotal point in multi-chain infrastructure by minimizing the dependency on bridges and their resultant risks. Fewer connections and smoother execution become available for developers and businesses.

This concept looks at increasing the uptake of tokenized financial services from institutions. Fusion consolidates connectivity, settlement, and governance in one integrated cross-chain system, enhancing inter-blockchain capability for large organizations.

Unifying all networks into an integrated execution system makes the regulated operation design more straightforward. Compliance, liquidity, and settlement form one cohesive entity in a future financial framework.

Also Read: XRP on Bitwise Powers Strong $259M Tokenized Fund

Grayscale moved closer to listing its Hyperliquid ETF after updating its SEC registration filing on Monday. The amended S-1 added a 0.29% sponsor fee and the proposed HYPG ticker. The update came as issuers compete for HYPE-linked fund demand.

The Hyperliquid ETF filing covers the Grayscale Hyperliquid Staking ETF and gives more details on its structure. It also specifies the trading symbol as HYPG. With the amendment, Grayscale is one step closer to a U.S. launch, even if trading will still rely on the regulatory process.

Also Read: CFTC Launches Improved Filing System for Product Self-Certifications

Grayscale Hyperliquid ETF Fee Falls Below Rivals

The amended registration statement indicates that the proposed Hyperliquid ETF will impose a sponsor fee of 0.29%. That fee is below the 0.30% charged by 21Shares’ THYP. It is also lower than Bitwise’s BHYP after its first month, when the fee rises from 0% to 0.34%.

Bloomberg Intelligence ETF analyst James Seyffart said in a Monday X post that he expects the Hyperliquid ETF to launch this week. He said the latest amendment is an indicator that trading may be near. Grayscale has not listed a final launch date in the provided filing details.

If launched, the Hyperliquid ETF would become another U.S.-listed HYPE fund, following products from 21Shares and Bitwise. The lower fee may provide Grayscale with a pricing advantage for its issuers looking for early assets.

The Hyperliquid ETF, which trades on Nasdaq under the ticker THYP, was launched by 21Shares on May 12. The company also launched a 2x leveraged version under TXXH. Previous reports indicated that THYP raised over $5 million in the first days after its launch.

Hyperliquid’s 24/7 Trading Role Draws ETF Interest

Eli Ndinga, global head of research at 21Shares, said the early demand showed interest in continuous crypto market access. He also stated that Hyperliquid had anticipated the impact of the Iran shock 48 hours earlier than traditional venues. His comments pointed to the protocol’s role in 24/7 trading while CME markets were closed.

Hyperliquid has grown into a major venue for crypto derivatives traders in recent months. According to blockchain data, it processes monthly trading volume of over $211 billion across multiple asset classes. On-chain perpetual futures trading is available on the platform.

Perpetual futures do not expire like traditional futures contracts. They are used by traders to speculate on price movements without taking actual ownership of the asset. 

HYPE, the native token behind Hyperliquid ETF, had a market value of about $18.78 billion and ranked ninth by market capitalization, according to CoinMarketCap.

Also Read: Grayscale Files Fifth Amendment for Proposed Hyperliquid ETF

Ripple RLUSD has entered Turkiye through BiLira, Bitexen, and Bitlo, giving institutions local access to the dollar-backed stablecoin. The launch targets one of the most active crypto markets. It also supports Ripple’s wider stablecoin expansion plan.

According to the press release, the company said the new rollout gives institutional users access through three local platforms. These partners already have a presence in the digital asset market in Türkiye. With the launch, Ripple is looking to expand its footprint in regulated stablecoin services.

Also Read: XRP Ledger Eyes 2035 Quantum Shift After Ripple’s Powerful Security Partnership

Ripple Expands RLUSD Access for Turkish Institutions

The move comes after Ripple RLUSD crossed a market value of $1.7 billion in less than one year. The milestone is a sign of increased demand, according to Ripple. The company is connecting that growth to use cases in payments, tokenization, and collateral.

Türkiye is the key market in the Middle East and North Africa region for crypto firms. Ripple said the country handles nearly $200 billion in yearly crypto transaction volume. Such an activity has not gone unnoticed by global companies.

Ripple RLUSD is a financial enterprise product. The stablecoin is supported by U.S. dollar reserves. According to Ripple, the product will provide institutions with access to digital dollar liquidity and facilitate regulated financial activity.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, said RLUSD has gained traction in financial services. He said it’s a bridge for payments, tokenization, and collateral management. He also said that the launch in Turkey is a milestone in Ripple’s global expansion.

As regulations for digital asset businesses in Turkey still evolve, the company is moving into the country. New licenses have added clarity to companies in the sector. Ripple believes that the environment is beneficial to foreign blockchain companies.

Ripple RLUSD Gains Local Access Through Three Partners

Ripple RLUSD will be available locally through BiLira, Bitexen, and Bitlo. The partnerships bring the stablecoin closer to the institutional users in Türkiye. They also assist Ripple in processing through existing platforms in the area market.

The launch is part of Ripple’s larger business plans. The company is no longer just a cross-border payments provider. Stablecoins, tokenization, and enterprise blockchain services are a more significant portion of its growth.

Ripple RLUSD could also help drive activity on the XRP Ledger network. The broader adoption of stablecoins can generate demand for payment tools and tokenized asset services. Developers could leverage that activity to create additional financial applications on top of Ripple-based infrastructure.

Stablecoins are becoming more prominent in the global financial landscape. There is a demand for digital settlement tools that would link blockchain systems to traditional markets by institutions. Ripple is planning to meet that demand with its stablecoin by enabling local and international partnerships.

With the Türkiye launch, Ripple RLUSD now has another significant market entry. It also bolsters Ripple’s footprint in a region with considerable crypto activity. The launch represents yet another milestone on the company’s journey to establish its regulated stablecoin network.

Also Read: XRP on Bitwise Powers Strong $259M Tokenized Fund

XLM price moved lower on Tuesday, June 2, 2026, as Stellar cooled after a strong market rally. Traders remained attentive to the possibility of recent gains being held following technical signals turning cautious near the local high.

As of writing, Stellar (XLM) is trading at $0.22.96, showing a decline of 14.26% in the past day. The trading volume is also down by 21.68% and is currently standing at $1.18 billion. Over the last week, the XLM price has increased by 54.61%, according to CoinMarketCap.

Also Read: TRX Price Eyes $0.366 Breakout as Inverse Head and Shoulders Pattern Forms

XLM Price Faces Caution After 107% Rally

Crypto analyst Ali Martinez pointed out a caution signal on the daily chart. According to him, XLM has increased by 107% in the last two weeks, prior to the recent pullback.

He added that the XLM price rally was signaled earlier by the daily TD Sequential indicator. The buy signal appeared before Stellar moved from $0.14 to a local high near $0.30.

Martinez noted that the same TD Sequential indicator has now issued a sell signal after the sharp rally. He added that XLM’s reaction near local highs could lead to a pullback toward $0.20.

Moreover, another analyst, Zach Humphries, mentioned that the chart is showing accumulation before an expansion phase. He identified a horizontal range between $0.136 and $0.180 that had held price action since February.

The recent bounce from range lows showed buying interest. The break above $0.180 reflected a significant change in the overall chart pattern, Humphries added. He noted that holding above that former range ceiling could validate his projected target of $0.340 by July.

XLM Futures Volume Drops as Open Interest Falls

Derivatives activity also weakened during the pullback. CoinGlass data shows that the futures volume is down by 30.13% to $1.68 billion, while open interest fell 15.40% to $321.31 million.

The XLM OI-weighted funding rate was 0.0073%. The figures indicated decreased participation following the recent rally, and funding remained positive.

XLM Price Holds Above Key EMAs After Pullback

TradingView data showed the 20-day Exponential Moving Average (EMA) was at $0.191789. The 50-day EMA stood at $0.175303. The price of XLM was still trading near-term trend levels as both short-term averages were below the current price.

The 100-day EMA is at $0.176155, while the 200-day EMA stands at $0.198959. On the daily time frame, the XLM price was above both long-term EMAs. This showed that the moving-average structure remained firm despite the latest pullback.

The Bollinger Bands (BB) showed the upper Bollinger Band at $0.260178. The middle band stood at $0.176265, and the lower band was $0.092353. The XLM price was below the upper band and above the middle band.

Also Read: Ethereum Price Nears Critical Support as Bulls Eye $2,360 Resistance Zone