The U.S. Senate has one real shot left to vote on the Digital Asset Market Clarity Act before lawmakers leave Washington for the August recess. For payment processors and fintechs building on stablecoin rails, this bill matters far more than crypto trading stats.
The Federal Reserve holds its next rate decision on September 15–16, and for the first time in months, traders are leaning toward a hike, not a cut. The Fed’s rate-setting group, the FOMC, held its benchmark rate steady on July 29 for a fifth straight meeting, at 3.50%–3.75%. But three of its twelve voting members […]
The U.S. President Donald Trump administration has refunded about $100 billion of the tariff revenue it collected under the 2025 “Liberation Day” duties, U.S. Customs and Border Protection (CBP) told a federal court this week. The refunds follow a Supreme Court ruling that struck down the tariffs as illegal, and a subsequent court order requiring […]
Q2 GDP growth moderated to an annualized 1.5%. This slowdown from prior quarters arrives alongside a steadier signal: underlying private-sector demand in the United States has not softened at the same pace. Brent crude has traded above $89 a barrel through the quarter, keeping energy costs elevated even as broader inflation readings show mixed signs […]
Increase, the banking infrastructure and API provider used by Gusto, Ramp and Stripe, has launched Increase Bank, an FDIC-member banking institution designed to provide technology companies with programmable banking infrastructure.
USDC merchant adoption in the United States is shifting from isolated pilot programs to infrastructure-level integration. Adoption remains early-stage compared with card payments, but the mechanics of accepting the stablecoin have changed substantially over the past year. Merchants no longer need to build separate crypto integrations. USDC is increasingly available as a native checkout option […]
The Bureau of Economic Analysis publishes the Q2 GDP advance estimate and the June Personal Consumption Expenditures (PCE) price index at 8:30 a.m. ET today, according to BEA’s official release schedule. The data release timing is less than 24 hours behind Wednesday’s Federal Open Market Committee decision to hold the federal funds rate at 3.50%-3.75%.
Elon Musk has made a significant move towards making X an “everything app” as the company has officially launched X Money for eligible Premium and Premium+ users in the U.S. The feature offers peer-to-peer transfers, a digital wallet, debit card services, direct deposits and much more, introducing banking services right through the X app. Now, […]
The initial significant deadline of the GENIUS Act in the USA has been crossed without the authorities issuing the full rulebook that the stablecoin industry anticipated. In spite of the fact that the law is taking effect much later than the July 18 deadline, the federal authorities have not released the bundle of regulations that […]
The Federal Open Market Committee began its two-day meeting on July 28. The rate decision lands Wednesday, July 29, at 2:00 p.m. ET, followed by Fed Chair Kevin Warsh’s press conference at 2:30 p.m.
Eight times a year, a room of Fed officials decides one number that quietly shapes what the world pays to borrow money — the federal funds rate. It’s the setting that eventually shows up in your mortgage quote, your credit card APR, and the price of just about every asset investors trade. The decision belongs […]
Wise, the London-founded cross-border payments giant, saw its US banking ambitions stall on July 24 after the Office of the Comptroller of the Currency (OCC) rejected its application for a national trust bank charter — a decision the company says was driven as much by a changing regulatory landscape as by its own compliance history.
Money20/20 Europe is the highest-scoring payments event for 2026 in PaySpace Magazine’s benchmark, followed by MPE – Merchant Payments Ecosystem and Money20/20 USA.
Klarna Group submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Klarna Bank USA, a proposed Utah-chartered industrial bank.
Account-to-account (A2A) payment systems are spearheading a fundamental shift in global payment infrastructure. They change the familiar payment patterns through the use of direct bank transfers that bypass card networks altogether. Three examples of this rapid evolution occurred in late 2025 and early 2026.
Stablecoins are rapidly moving beyond their origins in the cryptocurrency sector and becoming a core component of modern financial infrastructure. With global stablecoin transaction volumes now reaching trillions of dollars annually, businesses, freelancers, remote workers, and consumers are increasingly using digital dollars for cross-border payments, settlements, savings, and global commerce. At the same time, regulators […]
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