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Cryptocurrency wallet provider MetaMask is launching its own stablecoin.
MetaMask USD, or mUSD, is being rolled out in conjunction with Stripe-owned stablecoin issuance platform Bridge, Stripe’s stablecoin division, and M0, a decentralized stablecoin infrastructure and liquidity platform, according to a Thursday (Aug. 21) press release.
“Issuing a custom stablecoin used to take more...
The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033.
The agency said in an advance notice of proposed rulemaking (ANPR) filed Thursday (Aug. 21) that it is looking for comments and data related to four issues.
“These issues are: the proper understanding of who can serve as a ‘representative’ making a...
Walmart’s eCommerce momentum continues unabated, as price-conscious customers pivot to digital channels for everyday items, notably grocery.
The company’s Thursday (Aug. 21) earnings release indicated that eCommerce sales were 26% higher than a year ago and digital sales for grocery were up double digits. Store-fulfilled delivery of grocery items were up 50%.
Though a slight miss on...
Google is replacing its nearly decade-old Google Assistant with a chatbot that is smarter and more intuitive, powered by the company’s most advanced artificial intelligence model, Gemini.
Gemini for Home will replace Google Assistant for home devices, with early access beginning in October, wrote Anish Kattukaran, chief product officer at Google Home and Nest, in a Wednesday (Aug. 20)...
Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance sheet and extend the maturity of its outstanding debt balance of $120 million to 2029.
In this plan, Aranda Principal Strategies (APS) will convert a portion of its original debt investment into common...
Some Chipotle customers will soon get to choose between meals delivered by land or air.
The Mexican fast casual restaurant announced Thursday (Aug. 21) that it was teaming with autonomous delivery company Zipline to fly customers’ digital orders to locations in the greater Dallas area.
A small number of Zipline users now have access to the program the companies are calling “Zipotle,”...
Money movement is, ultimately, all about counterparties.
This simple fact has long frustrated the crypto community, particularly as it relates to its upstream implications around know-your-customer (KYC) and anti-money-laundering (AML) checks.
Cryptocurrency, after all, was created to remove the need for intermediaries. But with stablecoins being hailed as the killer application of...
If you’ve been planning to buy Sony’s PlayStation 5, expect to pay a bit more.
“Similar to many global businesses, we continue to navigate a challenging economic environment,” the tech company wrote in a company blog post Wednesday (Aug. 20). “As a result, we’ve made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting on Aug....
Tech companies are reportedly continuing to press the White House and Congress to pass legislation that would block states from regulating artificial intelligence.
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After an attempt to attach a 10-year ban to President Donald Trump’s tax legislation failed in June, industry lobbyists aim to attach it to future legislation, Bloomberg reported Thursday (Aug. 21).
In July,...
DeepSeek said its new artificial intelligence model released this week surpasses its flagship R1 tool in some ways.
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The launch of the V3.1 helps keep the Chinese company in the AI game as it prepares its latest iteration of its flagship model, Bloomberg reported Thursday (Aug. 21).
V3.1 returns answers to queries faster and is the first step to creating an AI agent, the...