Company
Missouri-based, FDIC-insured commercial bank that provides banking-as-a-service, card issuing and payments infrastructure to fintech and crypto companies.
Nubank launched US operations on September 10 through Lead Bank at 3.50% APY instead of waiting for its own national bank charter. Crowdfund Insider did not report the commercial terms with Lead Bank, so the margin on that rate cannot be checked.
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Lead Bank has drafted a four-party waterfall that assigns liability for AI agent errors, American Banker reported. Bain projects US agentic spending of up to $500 billion a year by 2030, and the rules for who pays are still being written.
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Pi Network's October 8 plan to explore Open USD payments and Pioneer rewards specifies no requirement to buy or hold PI, a coin now near $0.0835. Dollar payments could grow activity on Pi while demand for the coin waits on reward and settlement terms the team has not published.
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Visa and Mastercard took equal stakes with Coinbase, Stripe and Shopify in OUSD, a stablecoin the five founders back with over $1 billion. Its zero fees cover minting and redemption only, and the networks also back rival stablecoins, so the stake is one bet among several.
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Gate will roll out a Visa card that converts crypto to fiat at checkout in more than 40 countries and territories. Until Gate names those markets the figure is a target, and the card looks built to keep customer balances inside the exchange's app.
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Coinbase opened OUSD transfers on four chains on October 1, a day after the stablecoin it co-owns went live. Because Coinbase is one of its owners, the speed mostly shows Coinbase's own incentive; the case against USDT and USDC depends on venues and businesses that hold no equity.
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Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.
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World Money went live in more than 150 countries on Thursday, holding balances in eight currencies, funded through Stripe and paying yield through Morpho, where World warns depositors could lose some or all of their money.
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Nubank launched US accounts through a sponsor partnership with Lead Bank while it works to capitalize a subsidiary the OCC has conditionally approved. It also launched a stablecoin account advertising 3.50%.
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Nubank said in Miami it will soon sell higher-yield deposits, credit cards and payments across 35 countries in the United States, with a cofounder relocated to run it and a partner bank holding the permission it has applied for.
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The regulator cleared the core bank and moved leveraged FX, forwards, merchant acquiring and correspondent banking into a separate queue, each needing its own sign-off before Revolut can sell it in the States. No other charter it granted this year works that way.
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Up to 2% back on spending from 600-plus balances cannot be paid for out of capped debit interchange. That tells you what Kraken is actually buying.
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