Fintech
Trump Wants Fintechs on the Fed's Rails. Banks Reach for the Smelling Salts.
Trump's fintech order and the Fed's payment-account proposal reopened the fight over who gets direct access to America's money pipes at all.
Fintech
Mercury Raised $200 Million to Stop Renting a Bank and Become One
Mercury's $200 million round is really a bank charter story: the startup-fintech stack wants to stop renting sponsor banks and own the pipes.
Fintech
SoFi Started Minting a Stablecoin, Because the Super App Wasn't Complicated Enough
SoFi has started minting SoFiUSD, revealing a bigger ambition: turn a national bank, a stablecoin, and Mastercard rails into one settlement stack.