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USD Coin Reserves Evolving to 100 Percent Cash and Short Duration U.S. Treasuries

“Circle, a global financial technology firm that provides internet-native payments and treasury infrastructure, announced the transition of USDC reserves to 100 percent cash and short duration U.S. Treasuries to be reflected in the dollar digital currency’s September attestation. Since inception, USDC reserves have been bound by the permissible investment rules under state money transmission regulations, […]

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Google and Temasek Back Indian Neobank Open in $100 Million Funding

“Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) […]

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Contactless Card Limit Increases to £100 in Britain

“On Friday, the limit for contactless card payments rose by more than half, from 45 pounds ($62) to 100 pounds. It’s a milestone for a country whose banks got an early start with tap-to-pay technology and where 88% of debit and 81% of credit cards now have contactless features.”

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