Visa says it will allow US banks to settle transactions using Circle's USDC stablecoin over Solana, the US' first full deployment of a stablecoin settlement
Emily Mason / Bloomberg :
UK fintechs like Revolut and Starling step up plans to buy US banks to get US licenses for lending in all 50 states, as regulators ease M&A rules under Trump
Revolut and Starling among start-ups weighing acquisition of nationally chartered banks — British fintechs are stepping …
Shopify CEO Tobias Lütke, Tyler and Cameron Winklevoss, and 80+ fintech and crypto CEOs urge Trump to block US banks from charging fees to access customer data
Top fintech and crypto executives urged the Trump administration to block US banks from charging fees for access to customer data …
Sources: Tether added Britannia Bank & Trust, a privately held bank operating in the Bahamas, to process dollar transfers, as US banks cut crypto ties
Bloomberg :
A look at the potential impact of the EU DSA and DMA on Big Tech; some say the effect could be as severe as Great Depression-era laws that reined in US banks
Wall Street Journal :
The US Federal Reserve launches FedNow, its long-awaited real-time payments system that will eventually let individuals and businesses transfer money in seconds
JPMorgan, Wells Fargo, and 33 Banks Onboard Emma Roth / The Verge : The Federal Reserve's 24/7 payment system could deposit your paycheck instantly Paul Hill / Neowin : FedNow Service launches bringin...
As major US banks abandon crypto companies during an expanding crackdown, a look at the emergence of smaller regional US lenders and Swiss, Asian, and UK firms
Bloomberg :
Insiders say crypto firms are struggling to access banking services and facing lengthy application procedures amid bank collapses and regulatory scrutiny
US banks, already hesitant to work with crypto customers, are now even warier of providing services to the industry after a string …
Sources: spooked by a growing regulatory crackdown, US banks are backing away from crypto companies and re-evaluating their exposure, no matter how small
SEC and banking overseers step up scrutiny following collapse of FTX — Crypto's Crash Has Been Swift but Largely Self-Contained. Here's Why.
A look at Silvergate, one of the few US banks that let customers move dollars onto crypto exchanges, now drawing congressional scrutiny following FTX's collapse
Gretchen Morgenson / NBC News :