Tether looks to move on from stablecoin reserves woes: After the blockchain-based cryptocurrency’s legal trouble with US regulators, its chief technology officer said that it’s cutting reserve exposure to commercial debt.
FIS follows its rivals’ expansion into BaaS: Its Hub product will let financial institutions (FIs) embed banking products like cards and accounts.
An Ethereum expert was given a prison sentence for helping North Korea use cryptos to evade US sanctions.
Open banking eliminates many of A2A payments’ pain points, making them an even more attractive option for merchants.
The country’s biggest banks more than doubled funding into highly polluting tar sands projects to $16.8B last year.
Circle’s $400M round is a vote of confidence in stablecoin: Funding from Fidelity and BlackRock, which is also partnering with the USD Coin issuer, shows investors are optimistic about the future of stablecoin.
The card lets customers earn unlimited 2% cash back and may signal a broader move into general-purpose cards.
As trading slows, Robinhood adds Shiba Inu trading support: The “meme token” is one of four cryptos the US-based digital brokerage is including in its lineup—and its latest of several product releases.
Cash is on the decline everywhere, accounting for at most 44% of point-of-sale (POS) transaction value regionally and just 18% globally in 2021. Its share will drop to 10% worldwide by the end of 2025, with North America, Asia-Pacific, and Europe leading the charge away from physical money.
Read the latest stories on NFTs from Insider Intelligence.
Nubank lands $650M to double down in Mexico, Colombia: The Brazil-based neobank could use its home market products to deepen its presence in other LATAM countries.