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The week in Fintech
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Major US banks repeatedly advanced plans for a shared tokenized deposit network, framing bank-issued digital money as a counterweight to stablecoins in payments and settlement.
Stablecoin activity widened across remittances, card settlement, consumer banking, cross-border treasury, and new markets, while UK policymakers debated how tightly to regulate it.
Improved revenue growth and profitability revived IPO and consolidation prospects, while OpenPayd's SPAC deal and Airwallex's acquisition showed firms pursuing public-market access and adjacent reporting workflows.
OpenFX's planned acquisition of Embed appeared on consecutive days and would expand its payments infrastructure footprint.
Day’s Recap