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SoFi Launches a Fully Reserved Stablecoin and Goes Straight for Infra

SoFi Launches a Fully Reserved Stablecoin and Goes Straight for Infra

Hey Digital Banking Fanatic! SoFi just launched SoFiUSD, a fully reserved dollar-backed stablecoin issued by SoFi Bank. SoFi is positioning itself as a stablecoin backbone for banks, FinTechs, and enterprise platforms. Faster settlement. Always-on rails. Bank-grade oversight. This makes SoFi the first national bank in the US

FDIC Clears Thiel-Backed Erebor Bank for Deposit Insurance

FDIC Clears Thiel-Backed Erebor Bank for Deposit Insurance

Hey Digital Banking Fanatics! Erebor Bank just took a major step forward... The FDIC approved deposit insurance coverage for the crypto-oriented lender, moving it closer to full-scale operations. The bank, backed by Peter Thiel and Palmer Luckey, met the statutory requirements for approval, though regulators attached conditions around

PayPal Applies for a US Banking License as the Regulatory Door Opens

PayPal Applies for a US Banking License as the Regulatory Door Opens

Hey Digital Banking Fanatics! PayPal just applied to become a bank in the US. The payments giant filed applications with regulators to form a Utah-chartered industrial loan company as FinTechs get a warmer reception in Washington. The move comes as the US loosens its stance on new bank entrants.

UAE Digital Lender Zand Sets Its Sights on the Gulf and Africa

UAE Digital Lender Zand Sets Its Sights on the Gulf and Africa

Hey Digital Banking Fanatics! Zand Bank is gearing up for its next growth chapter. The UAE’s first digital corporate lender plans to expand across the Gulf and into Africa within the next three years. The timing is deliberate. After four years of building and internal transformation, the bank says

FCA Hits Nationwide with a £44M Penalty Over Major Financial Crime Failures

FCA Hits Nationwide with a £44M Penalty Over Major Financial Crime Failures

Hey Digital Banking Fanatics! Nationwide has been fined £44 million by the FCA for years of weak financial crime controls between 2016 and 2021. The regulator says the building society failed to maintain effective due diligence, risk assessments and transaction monitoring across millions of personal current account customers. Nationwide also

Klarna Teams Up with Privy to Build a Simple Crypto Wallet for the Masses

Klarna Teams Up with Privy to Build a Simple Crypto Wallet for the Masses

Hey Digital Banking Fanatics! Klarna just signed a research partnership with Privy, the wallet infrastructure platform owned by Stripe. The goal is clear. Build a crypto wallet simple enough for anyone to use. This follows the launch of KlarnaUSD, the company’s own stablecoin. Now Klarna wants a wallet that

N26 Targets Its First Full-Year Profit in 2025… and Looks Ahead to an IPO

N26 Targets Its First Full-Year Profit in 2025… and Looks Ahead to an IPO

Hey Digital Banking Fanatics! N26 just confirmed it expects to reach its first-ever full-year profit in 2025. And profits are set to climb again in 2026, according to Co-CEO Marcus Mosen. The bank also reiterated its IPO ambitions. Before that happens, Mosen says there is still homework