Feed Items
While stablecoin debates often focus on transparency, reserve quality, and systemic contagion, the greatest risk could be far more mundane: math.
As USD-pegged stablecoins increasingly flood the marketplace competing for users, liquidity splinters across platforms and may prevent most from ever achieving operationally effective adoption. As a result, countless stablecoins, whether...
Data analytics firm Databricks is closing a $1 billion Series K funding round that values it at over $100 billion, up from $62 billion at the beginning of the year.
The company will use the new capital to accelerate its launch of new artificial intelligence (AI) products that help companies deploy AI apps and agents, it said in a Monday (Sept. 8) press release.
Databricks’ AI strategy...
PNC Bank is looking westward with its acquisition of Colorado-based lender FirstBank.
The $4.1 billion deal will make Colorado one of PNC’s top markers in the country, more than tripling its branch network there, according to a Monday (Sept. 8) press release. PNC will become Denver’s top bank in terms of retail deposit and branch share, at respective 20% and 14%.
Denver will also...
OpenAI is reportedly getting into the movie business.
The artificial intelligence (AI) startup is lending its resources to help create a feature-length animated film made largely with AI that is expected to be released next year, The Wall Street Journal (WSJ) reported Monday (Sept. 8).
The movie is called “Critterz,” an adventure featuring a cast of woodland creatures, and comes from ...
The U.K.’s IPO drought from last year has reportedly carried over into 2025.
Just seven companies have floated and raised capital on the London Stock Exchange (LSE) this year, the Financial Times (FT) reported Monday (Sept. 8), citing data from Dealogic.
That’s compared to 231 companies in the U.S., the report said, adding that nine companies had floated during the same time frame last...
More than 80% of the world’s bitcoin ATMs are found in the United States.
And as noted in a Financial Times opinion piece Friday (Sept. 5), these ATMs appear to be clustered in Black, Latino and lower-income communities, similar to payday lenders and check-cashing operations.
“Providers have denied targeting areas based on any racial profile,” writes Dedrick Asante-Muhammad, president...
Ireland’s three retail banks say they will introduce a mobile payment service next year.
Zippay, a joint collaboration by AIB, Bank of Ireland and PTSB, is set to debut in early 2026, the Banking and Payments Federation of Ireland (BPFI) announced Monday (Sept. 8).
According to the announcement, Zippay will be an in-app service provided through the lenders’ mobile banking apps,...
Digital couponing is set to have a moment. Driven by continued growth in eCommerce and mobile-first shopping, several sources have pegged it to triple its total market value of $9 billion by 2032. We took both as a sign to check our app provider rankings in the category, and as usual, we found some surprises. Digital couponing is more than Groupon.
The PYMNTS App provider rankings...
What if the biggest risk to your credit portfolio isn’t economic, but psychological? “Consumer Credit Economy: Strategy vs. Spontaneity—Navigating the Great Credit Divide,” a new report from PYMNTS Intelligence in collaboration with i2c, uncovers a silent but critical threat: Millions of eligible customers are self-excluding from the credit market based on assumptions, not facts. This isn’t just...
Watch more: Cowboys Go Crypto as Wyoming’s Stablecoin Merges Usability With Programmability
When the state of Wyoming announced the Frontier Stable Token (FRNT), it did more than introduce a new financial product. It may have cracked open a door into the next era of money itself.
The initiative marks the first government-issued, fully reserved stablecoin in the United States, a move...