45 stories from 5 sources
The week in Fintech
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European lawmakers advanced the digital euro toward a possible 2029 launch, then Parliament backed its creation and opened the way for negotiations with member states. The project increasingly resembles a future public payment rail rather than a distant policy proposal.
Standard Chartered opened direct institutional USDC access, Swift prepared live pilots for a blockchain ledger using tokenized deposits, and Citi put token clearing into operation with its first live client. The week showed digital-money infrastructure moving from access and testing toward working bank integrations.
Klarna applied for a Utah industrial-bank charter and FDIC insurance, while Circle won final approval for a national trust bank and Nu Mexico received authorization to convert into a regulated bank. Across different markets, fintechs sought bank status to improve funding, expand services, or support regulated digital-asset operations.
Block agreed to pay $45 million to settle a multistate investigation into Cash App’s fraud controls, followed by New York allegations that vulnerable users faced rampant fraud. The developments increased pressure on peer-to-peer platforms to strengthen monitoring and consumer protection.
Day’s Recap