Devin McGranahan: Western Union leverages stablecoins for real-time transactions, enhances financial access in unstable regions, and transforms capital efficiency | Empire
https://cryptobriefing.com/devin-mcgranahan-western-union-leverages-stablecoins-for-real-time-transactions-enhances-financial-access-in-unstable-regions-and-transforms-capital-efficiency-empire/
https://cryptobriefing.com/devin-mcgranahan-western-union-leverages-stablecoins-for-real-time-transactions-enhances-financial-access-in-unstable-regions-and-transforms-capital-efficiency-empire/
Crypto Briefing
Devin McGranahan: Western Union leverages stablecoins for real-time transactions, enhances financial access in unstable regions…
Western Union leverages stablecoins to revolutionize cross-border transactions and enhance financial services in unstable economies.
Forwarded from Tironianae 🍊 🍊 Z. - Ultra Verbum Vincet (Maria (Mo))
The IRGC toll booth at the Strait of Hormuz does not accept dollars. It accepts Chinese yuan, settled through CIPS, China’s Cross-Border Interbank Payment System, or cryptocurrency. The toll is up to $2 million per voyage. The payment clears without touching SWIFT, without transiting a correspondent bank in New York, and without creating a record in the dollar clearing system that the United States built to monitor and weaponise global finance. The war that was launched to enforce the petrodollar is being fought across a chokepoint where the petrodollar has already been replaced.
CIPS processed over $130 billion per day in March 2026, a surge driven by Iran war flows. The system connects 1,600 participants across 180 countries. It still relies on SWIFT for approximately 80 percent of its messaging, which means it is not independent. But the 20 percent that bypasses SWIFT entirely is the 20 percent that matters, because that is the channel through which Iranian oil payments, Hormuz transit tolls, and ghost fleet settlements flow from Chinese refiners to IRGC-linked intermediaries without the United States seeing the transaction.
Alongside CIPS runs mBridge, the Bank for International Settlements’ multi-CBDC bridge platform. It operates on a custom distributed ledger, settles central bank digital currencies atomically in seconds, and has processed approximately $55 billion, 95 percent of it in digital yuan. The participants include the central banks of China, Hong Kong, Thailand, the UAE, and Saudi Arabia. The platform was designed for a post-dollar world. It is being tested in a world where the dollar is still dominant but the toll booth at the world’s most important chokepoint already operates in the currency the platform was built to clear.
The architecture is layered. CIPS handles traditional yuan bank transfers: refiner to intermediary to IRGC-linked account, cleared in Shanghai. mBridge handles the digital leg: central bank digital currency moves directly between sovereign nodes without correspondent banks, without SWIFT, without delay. Together they form a parallel payment system that does not need the dollar. It needs only participants, and the war provided them: China buys 80 to 90 percent of Iranian exports, settles in yuan, and clears through infrastructure the United States cannot freeze, cannot monitor in real time, and cannot sanction without sanctioning the BIS itself.
Deutsche Bank called the Iran war a “petroyuan catalyst.” Before the war, yuan oil was a pilot programme. The war turned it into operational necessity. When SWIFT is weaponised, you build around SWIFT. When the dollar is weaponised, you settle in yuan. When the strait is closed to dollar shipping, you open it to yuan shipping and charge a toll that funds the war the dollar was supposed to win.
The dollar still denominates 58 to 59 percent of global reserves. It still invoices 80 to 85 percent of commodity trade. By every aggregate measure, it dominates. But the aggregate misses the edge. The edge is the Strait of Hormuz, where $130 billion in daily CIPS volume meets $2 million yuan tolls meets ghost fleet AIS spoofing meets mBridge atomic settlement. The edge is where the replacement is being built, not in a policy paper but in a payment, one barrel at a time, one toll at a time, one dark tanker at a time, cleared through infrastructure the United States did not build and cannot shut down.
The architecture of bypass is operational. The war that was supposed to prevent it is funding it. And Power Plant Day is tonight.
https://x.com/shanaka86/status/2041362860245401715?s=46
CIPS processed over $130 billion per day in March 2026, a surge driven by Iran war flows. The system connects 1,600 participants across 180 countries. It still relies on SWIFT for approximately 80 percent of its messaging, which means it is not independent. But the 20 percent that bypasses SWIFT entirely is the 20 percent that matters, because that is the channel through which Iranian oil payments, Hormuz transit tolls, and ghost fleet settlements flow from Chinese refiners to IRGC-linked intermediaries without the United States seeing the transaction.
Alongside CIPS runs mBridge, the Bank for International Settlements’ multi-CBDC bridge platform. It operates on a custom distributed ledger, settles central bank digital currencies atomically in seconds, and has processed approximately $55 billion, 95 percent of it in digital yuan. The participants include the central banks of China, Hong Kong, Thailand, the UAE, and Saudi Arabia. The platform was designed for a post-dollar world. It is being tested in a world where the dollar is still dominant but the toll booth at the world’s most important chokepoint already operates in the currency the platform was built to clear.
The architecture is layered. CIPS handles traditional yuan bank transfers: refiner to intermediary to IRGC-linked account, cleared in Shanghai. mBridge handles the digital leg: central bank digital currency moves directly between sovereign nodes without correspondent banks, without SWIFT, without delay. Together they form a parallel payment system that does not need the dollar. It needs only participants, and the war provided them: China buys 80 to 90 percent of Iranian exports, settles in yuan, and clears through infrastructure the United States cannot freeze, cannot monitor in real time, and cannot sanction without sanctioning the BIS itself.
Deutsche Bank called the Iran war a “petroyuan catalyst.” Before the war, yuan oil was a pilot programme. The war turned it into operational necessity. When SWIFT is weaponised, you build around SWIFT. When the dollar is weaponised, you settle in yuan. When the strait is closed to dollar shipping, you open it to yuan shipping and charge a toll that funds the war the dollar was supposed to win.
The dollar still denominates 58 to 59 percent of global reserves. It still invoices 80 to 85 percent of commodity trade. By every aggregate measure, it dominates. But the aggregate misses the edge. The edge is the Strait of Hormuz, where $130 billion in daily CIPS volume meets $2 million yuan tolls meets ghost fleet AIS spoofing meets mBridge atomic settlement. The edge is where the replacement is being built, not in a policy paper but in a payment, one barrel at a time, one toll at a time, one dark tanker at a time, cleared through infrastructure the United States did not build and cannot shut down.
The architecture of bypass is operational. The war that was supposed to prevent it is funding it. And Power Plant Day is tonight.
https://x.com/shanaka86/status/2041362860245401715?s=46
X (formerly Twitter)
Shanaka Anslem Perera ⚡ (@shanaka86) on X
The IRGC toll booth at the Strait of Hormuz does not accept dollars. It accepts Chinese yuan, settled through CIPS, China’s Cross-Border Interbank Payment System, or cryptocurrency. The toll is up to $2 million per voyage. The payment clears without touching…
Forwarded from TifaniesweT 🇨🇭
Forwarded from Cointelegraph
Forwarded from Cointelegraph
Audio
Tuesday April 7th volume and speed enhanced for your listing pleasure. 😎
Brought to you by STORM'S HAPPY HOUR
https://t.me/+jB7jxfvlYO9lNTJh
Brought to you by STORM'S HAPPY HOUR
https://t.me/+jB7jxfvlYO9lNTJh
Forwarded from A Mackerel
Good news about SBI and Ripple Japan. XRPL is ready to be deployed in Japan.
https://x.com/i/status/2041512556129607977
https://x.com/i/status/2041512556129607977
Forwarded from TifaniesweT 🇨🇭
X (formerly Twitter)
LNG Industry (@LNGindustry) on X
.@EximBankUS approves US$2 billion+ to send US LNG to Egypt 🇪🇬
The Export-Import Bank of the United States has approved an export credit insurance authorisation of more than US$2 billion 💵 supporting US LNG exports to Egypt.
Read more ⬇️ https://t.co/hHJuK5dLIX
The Export-Import Bank of the United States has approved an export credit insurance authorisation of more than US$2 billion 💵 supporting US LNG exports to Egypt.
Read more ⬇️ https://t.co/hHJuK5dLIX