3+ mon, 2+ week ago  (355+ words) The danger isn't that stablecoins exist. It's that they're becoming the default. Circle earned $711 million in Q3 2025 from interest on USDC reserves while paying token holders nothing. One issuer, one quarter, capturing float income that used to belong to banks. Tether…...

11+ mon, 2+ week ago  (458+ words) A new report from Citi finds 2025 may be "blockchain's Chat GPT moment" with regulatory change driving rapid adoption in the financial and public sector and an uptick in stablecoin use. "It feels like we're at the takeoff point of something…...

6+ mon, 2+ week ago  (282+ words) Key insight: Adrienne Harris exits as the longest-serving superintendent of New York's Department of Financial Services after a reform-heavy tenure that raised the agency's national profile. Forward look: Kaitlin Asrow, top DFS staffer and former Federal Reserve advisor, will serve…...

6+ mon, 3+ week ago  (784+ words) Axos Financial is making its first acquisition in six years as the bank looks for routes to diversify its lending streams. The digital bank said Monday it would buy the equipment leasing company Verdant Commercial Capital for $43. 5 million, though the…...

2+ mon, 2+ week ago  (643+ words) The neobank Dakota is shifting to become a stablecoin infrastructure platform. Founded by former Coinbase executive Ryan Bozarth, Dakota raised $12. 5 million in a Series A led by the crypto venture firm Coin Fund last summer, and is now focusing on…...

2+ mon, 6+ day ago  (703+ words) After bitcoin's value dropped from about $125, 000 in October to just about $60, 000 earlier this month, Coinbase's shareholder letter included the following nugget." "Crypto is cyclical and experience tells us it's never as good or as bad as it seems." While broadly…...

11+ mon, 1+ week ago  (927+ words) The future is here, as they say." When Open AI's Chat GPT burst onto the scene in late 2022, it didn't take long for businesses and financial institutions to realize that generative AI was a paradigm-shifting innovation thanks to its ability…...

2+ week, 2+ day ago  (288+ words) The Treasury on Wednesday proposed criteria aimed at assessing when state-level stablecoin regulatory frameworks are "substantially similar" to the federal framework." The proposal, set for publication in the Federal Register on Friday for a 60-day public-comment period, gives states substantial…...

2+ mon, 3+ week ago  (482+ words) There are 14 Amazon Go locations and 58 Amazon Fresh locations. Amazon said Amazon Fresh is still available for online orders in available areas, and it is working to find roles for Amazon Go and Amazon Fresh staff elsewhere in Amazon where…...

1+ mon, 3+ week ago  (513+ words) A former Key Corp executive who later helmed a $20 billion-asset credit union has returned to the banking industry, taking a high-level role at Wells Fargo. Wells announced Monday that it tapped Dennis Devine, who spent four years as CEO of…...