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News
77 state banking associations seek changes to CLARITY legislation to ban balance-based stablecoin rewards
35+ min ago (434+ words) A coalition of banking groups wants the Senate to tighten stablecoin rules that could curb Coinbase's popular USDC rewards program The target, though never named quite so bluntly, is obvious: Coinbase’s USDC rewards program, which pays users for simply holding…...
Nu’s New Account Converts Deposits into Stablecoins: Offering Transfers to Over 35 Countries
55+ min ago (118+ words) As Nu launches operations in the U.S., it has also introduced the Nu Global account, which converts deposits into USDC or EURC. Nu, Latin America’s largest digital bank, is offering its U.S. services through deposit accounts, credit cards, and international money…...
The future of finance isn???t just about moving money faster.
5+ hour, 44+ min ago (222+ words) The future of finance isn’t just about moving money faster. KuCoin The future of finance isn’t just about moving money faster. It’s about bringing real-world value onchain. That’s where @ZIGChain stands out. Built as a purpose driven Layer 1 for the…...
Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath
7+ hour, 56+ min ago (689+ words) Banks retain the customer interface, while undisclosed pricing, data, compliance and settlement terms will determine who captures the value. Coinbase’s new partnership with payments platform Moov gives community banks and credit unions a route to offer stablecoin services through the…...
XRP Institutional Credit Gains Momentum as XRPL Lending Framework Advances
1+ hour, 42+ min ago (283+ words) XRP could gain a broader role in institutional finance as proposed XRP Ledger lending infrastructure moves toward supporting credit-based borrowing, according to Ripple product head Jazzi Cooper. Cooper has identified institutional credit as a potentially important use case for XRP,…...
Nu Launches in U.S. with USDC/EURC Accounts, Reports
4+ hour, 6+ min ago (368+ words) Cryptonews.net Nu Launches in U.S. with USDC/EURC Accounts, Reports In a strategic move, Nu, Latin America’s largest digital bank, has launched operations in the U.S. market. The bank introduces Nu Global, a multi-currency digital account that supports $USDC and…...
Cuscal says tokenised money is here now and matters for customer-owned banks
3+ hour, 41+ min ago (848+ words) For customer-owned banks, there is an opportunity to participate in tokenised deposits now, and help shape trusted, interoperable settlement models, before they are designed by others. That’s the gist of the message being delivered by Cuscal. At July’s World Credit…...
Dormancy Clauses and Idle Balances: 4 Casinos Compared
9+ hour, 15+ min ago (892+ words) You stop playing for a year. The balance you left behind is still yours, in the sense that it appears on a screen when you log back in. Whether it is still there at all depends on a clause almost…...
Cyprus banks limit withdrawals after bitcoin surge
5+ hour, 8+ min ago (53+ words) Cypriot banks temporarily limited withdrawals and transfers after a bitcoin surge, citing unusual volumes and extra verification....
Security Breach Hits Revolut Amid Israeli 'Lean Bank' License Push
5+ hour, 50+ min ago (357+ words) calcalistech.com A major incident at British fintech giant Revolut, which is preparing to enter Israel under a âlean bankâ model: the company has confirmed that sensitive customer information was exposed to an unauthorized party over the weekend The…...