The Digital Euro and the Banks’ New Payment Network Are Racing to Replace Visa in Europe
The ECB’s latest digital euro case skips the bank-owned network linking 130 million users, as banks and the ECB compete to own Europe’s Visa alternative.
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Fin-Tech and technology news explained from the inside out. The story behind the story.
Texas Sues OpenAI With Florida’s Law Firm and Wording as Paxton’s Senate Race Closes
Texas sues OpenAI and Sam Altman with the law firm and harm list Florida used, as Musk-funded groups back Paxton’s Senate bid. What it shows about AI politics.
Who Pays When AI Forecasting in Finance Gets It Wrong
AI forecasting in finance runs on probabilities. Ant International’s Kelvin Li explains a pricing model in which the provider earns less when a forecast misses.
OCC Stablecoin Rewards Rule Leaves Community Banks Without the CLARITY Act’s Circuit Breaker
The OCC stablecoin rewards rule gives crypto platforms the room the failed CLARITY Act offered, without the circuit breaker promised to community banks.
Barclays Job Cuts Tie 5,000 Roles, Developers Included, to Over £1.1 Billion in Savings
Barclays job cuts remove about 5,000 roles, 60% of them in support functions including developers, for savings above £1.1 billion. What the bank disclosed.
SoFi Earn Tokenized Deposit Pays 4.40% and Converts 1:1 Into the Bank’s Own Stablecoin
SoFi Earn is a tokenized bank deposit paying 4.40% APY that converts 1:1 into SoFiUSD, a stablecoin whose issuer the GENIUS Act bars from paying yield.
GENIUS Act Final Rule: When a Stablecoin Buyer Becomes the Issuer’s Customer, and What the Yield Ban Covers
The OCC’s GENIUS Act final rule makes stablecoin buyers issuer customers only when they redeem and drops its presumption against third-party yield deals.