Chime Bets on Stablecoins

Chime Bets on Stablecoins
Chime Explores Stablecoin Wallets

Hey Digital Banking Fanatic!

A new digital bank is exploring stablecoins: now it's Chime's turn.

Bloomberg reports the U.S. neobank is looking at adding stablecoin functionality as a new feature inside its app, and honestly, it was only a matter of time.

SoFi, Revolut, and most of the major U.S. bank players are already heading this way. Chime just joined the pack.

What I'm really watching for is the moment when everyday banking customers, the ones using direct deposit and round-up savings, not DeFi wallets, start using stablecoins without even realising it.

That's the bridge being built right now, it's not there yet, but it's getting closer.

Scroll down to find what is going on in the banking industry ๐Ÿ‘‡ See you tomorrow!

Cheers,

Marcel


NEWS

๐Ÿ‡ง๐Ÿ‡ท PicPay integrates ChatGPT for financial queries at no extra cost. Users can check balances, upcoming bills, and recent transactions in natural language, though transactions are not yet supported.

๐Ÿ‡ง๐Ÿ‡ท Nu Holdings reports Q2 2026 results with revenue up 19% YoY, reaching $3.2B. The neobank added 4.4M customers in the quarter, bringing its total to 118.6M.

๐Ÿ‡บ๐Ÿ‡ธ Chime explores stablecoins as a new feature on its app, according to Bloomberg. The neobank is evaluating how to integrate stablecoin functionality for its users.

๐Ÿ‡บ๐Ÿ‡ธ JPMorgan debanked Polymarket over regulatory concerns, cutting off the prediction market platform's access to banking services. The move follows scrutiny of Polymarket's compliance with U.S. financial regulations. Read more

๐Ÿ‡บ๐Ÿ‡ธ Trump family's World Liberty Financial gets preliminary approval to launch a bank. The crypto venture tied to the Trump family received initial regulatory clearance to pursue a banking charter.

๐Ÿ‡ฌ๐Ÿ‡พ Scotiabank expands digital banking services in Guyana, adding online account opening and real-time debit card controls. Updates to the Scotia Caribbean App and Scotia OnLine aim to reduce the need for branch visits.

๐Ÿ‡ฎ๐Ÿ‡ฑ Bank Leumi partners with Galaxy to be the first bank in Israel to offer digital asset trading. Leumi and PEPPER users can trade Bitcoin, Ethereum, and other digital assets directly, with Galaxy providing infrastructure and liquidity for the service.

๐Ÿ‡บ๐Ÿ‡ธ Strata Credit Union partners with Alkami, to deliver a personalized digital banking experience. The credit union will use Alkami's platform to modernize its mobile-first consumer banking and deepen member engagement.


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