BVNK, a global payment infrastructure provider, has introduced Layer 1 to enhance stablecoin payment systems. The move addresses the rising demand for self-hosted solutions among stablecoin issuers. As the market anticipates the MiCA launch, new regulations are expected to impact stablecoin operations in the EU. Donald Jackson, BVNK's co-founder and CTO, emphasized that Layer 1 simplifies blockchain product development for businesses. This self-custody digital asset infrastructure facilitates secure and rapid deployment of stablecoin payments. Offering full control and ownership of data and digital asset keys, Layer 1 automates wallet creation, asset management, and third-party integrations. The platform streamlines in-house blockchain payment system development, catering to the growing need for self-hosted solutions across various sectors. BVNK's initiative aligns with its goal of advancing global money movement through stablecoin payments, empowering businesses worldwide. With impending MiCA regulations, firms must adapt to evolving compliance standards to thrive in the digital asset industry. Read more AI-generated news on: https://app.chaingpt.org/news