Breaking Down Financial Barriers with Intelligent Automation London-based AI technology company Saturn has successfully closed a €12.9 million Series A…
Strategic Partnership Deepens in European eCommerce Market PayPal has significantly increased its stake in German eCommerce platform Shopware, boosting its…
Strategic Public Offering for XRP Exposure Nevada-based Evernorth has announced a groundbreaking move to go public through a special purpose…
The newly passed GENIUS Act contains several regulatory gaps that could permit Bitcoin-backed stablecoins despite their inherent volatility, according to Federal Reserve analysis. Experts suggest the legislation’s broad definitions and fragmented oversight structure may create conditions reminiscent of past financial crises.
As regulators begin implementing the recently passed GENIUS Act, analysts are identifying several potential loopholes that could undermine the legislation’s intended safeguards for the stablecoin market. According to reports, the statutory framework currently contains gaps that might permit volatile assets like Bitcoin to serve as reserve backing for supposedly stable digital currencies.
Strategic Leadership Shift at Fintech Pioneer In a significant executive move, Plaid has appointed Seun Sodipo as its new Chief…
Traditional Banking Gap Creates Fintech Opportunity Britain’s defense manufacturers are increasingly turning to an unlikely source of funding: fintech lenders.…
