Exchanges· ★★★· bullish·

Nasdaq Verafin and Stablecore to Unify AML Monitoring for Fiat and Stablecoins

  • —Verafin serves 2,800+ financial institutions and processes 1.8 billion transactions per week
  • —The Verafin consortium covers about 850 million counterparties and $12–13 trillion in assets
  • —Stablecore raised $20 million led by Norwest, with Coinbase Ventures participating
  • —Nasdaq acquired Verafin in 2020 for $2.75 billion
Why it matters: Banks will gain unified AML oversight of fiat and stablecoins, lowering barriers to institutional adoption of digital assets.
Source: Crypto Briefing
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