Stablecoins, AI advisors, payments, and the technology rewriting finance.
103 articles
World Liberty Financial on August 18 received conditional approval from the OCC to establish a national trust bank, according to coverage by Stablecoin News. The conditional approval lands the same week FASB proposed new accounting rules that would let companies classify compliant stablecoins like PYUSD as cash equivalents.
Visa is circulating a request-for-proposal to replace BVNK as its stablecoin settlement partner after Mastercard's earlier acquisition, according to documents seen by CoinDesk. The RFP targets a partner licensed in the U.S., Canada, the UK, and Singapore, with the capacity to swap and support multiple stablecoins including the new Open USD consortium token. Korea Payment Networks separately completed a USDC payment proof-of-concept on August 18.
The New York Times reports the deal values OpenRouter at $7.5B, with $1.5B allocated to founders — less than three months after OpenRouter raised $113M at $1.3B. CEO Patrick Collison says the goal is to help businesses 'route requests intelligently and spend tokens efficiently.'
Bridge — Stripe's stablecoin subsidiary — secured a MiCA e-money license in the EU on August 12, allowing it to issue euro-backed stablecoins and generate virtual IBANs. The license follows Bridge's earlier OCC conditional approval for a national trust bank charter, completing the company's transatlantic regulatory footprint.
Mastercard completed its acquisition of stablecoin infrastructure firm BVNK in early August, while Visa's new Stablecoin Platform — launched July 16 — already settles an annualized $7 billion as network operators race to own the $325 billion stablecoin market.
The OCC on August 14 conditionally approved World Liberty Trust Co.'s application for a national trust bank charter, letting the Trump-affiliated crypto firm move USD1 stablecoin issuance in-house from BitGo.
Bloomberg reported August 13 that Chime Financial is exploring how to bring stablecoins into its consumer banking platform — the latest sign the new form of money is moving into everyday banking.
Augustus National Bank has received deposit insurance approval from the FDIC, moving the German-founded payments firm closer to launching its planned U.S. dollar clearing bank built on AI and stablecoin rails, American Banker reported.
The Digital Pound Lab's second phase pairs Polygon's stablecoin rails with central bank money — exporters take an advance in stablecoins while UK importers settle in digital pounds, in experiments feeding the Treasury's assessment later this year.
The executive who launched Apple Pay in 2014 and built Apple Wallet and Apple Card will step down at the end of October, with a successor to be named before her departure as the Apple Card migrates to Chase.
Roughly 60 banks in 25 countries have adopted the messaging network's near-real-time settlement framework, which offers a fixed-fee alternative and supports tokenized deposits as stablecoins pressure the remittance market.
Augustus National Bank, the renamed German payments startup aiming to open an AI-powered dollar clearing bank, received FDIC deposit insurance approval on July 31, moving a step closer to opening this quarter, American Banker reported.
The European Commission's targeted consultation on its landmark crypto rulebook asks how to police offshore issuers, stablecoin payment flows and tokenized payments, the first step toward a planned 2027 revision of the regulation.
Bloomberg Law reported the FDIC is floating a standards-setting body that would certify banking services providers, a move aimed at tightening third-party risk oversight as fintech partnerships expand across the U.S. banking system.
Mastercard completed its up to $1.8 billion acquisition of stablecoin infrastructure provider BVNK on August 3, bringing on-chain payment technology into its global network as it prepares to back the Open USD stablecoin.
Israeli payments company Nayax filed to establish Nayax America Bank in Connecticut under the state's Innovation Bank framework — a branchless, non-depository charter to power lending and card products for its merchants, Breaking Fintech reported.
As Uniswap ignites a launchpad war and pump.fun experiments with cashback models, SolForge takes a different route: a fixed 0.1 SOL fee, Token-2022 metadata written directly into the mint, and authorities revoked in the same transaction — no Metaplex, no hidden percentages.
As BlackRock brings tokenized funds to Solana and DEXs capture a record share of spot trading, a new launchpad called SolForge aims to make token creation a one-transaction, fixed-fee, self-custodial experience — with authorities revocable in the same transaction.
As Solana attracts institutional tokenization and on-chain governance, SolForge offers a fixed-fee, self-custodial launchpad that mints SPL tokens and seeds constant-product liquidity pools from a single wallet signature.
Western Union on August 4 launched Stablecard with stablecoin infrastructure firm Rain — a USDPT wallet paired with a Visa secured credit card, rolling out in 37 markets with a target of more than 60 by year-end, Crowdfund Insider reported.
YC's Q3 batch features a heavier mix of AI agents, humanoid robotics, and 'boring but profitable' SaaS companies than the previous two batches, TechCrunch reports.