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The Ledger
  • A Won-Stablecoin Pair on Binance Would Move the Exchange

    A Won-Stablecoin Pair on Binance Would Move the Exchange

    Regulation

    A Bank of Korea study finds that when Binance opens a direct trading pair between a local currency and a dollar-pegged stablecoin, the local premium narrows 0.33 to 0.38 percentage points and the currency can weaken — Brazil's real depreciated 0.12% through this channel. The won has avoided this only because Binance lacks a direct won-stablecoin pair yet.

  • Yuno Bundles Revolut's Payment Stack Behind One API

    Yuno Bundles Revolut's Payment Stack Behind One API

    Funding & Deals

    Yuno, a Colombia-founded payments orchestration platform that raised $45 million in an August 2026 Series B, has added Revolut Pay's biometric checkout plus Revolut's acquiring and gateway services to its single-API integration via a new Revolut Business partnership — scoped to the UK, EEA, Singapore and Australia, per Yuno's September 3, 2026 release cited by PYMNTS.

  • Tether Leads $3M Seed for Colombia's Plenti

    Tether Leads $3M Seed for Colombia's Plenti

    Funding & Deals

    Tether, issuer of the USDT stablecoin, led a $3 million seed round for Colombian multicurrency fintech Plenti, with Verda Ventures co-investing, Finextra reported September 3, 2026. Neither the valuation nor Tether's resulting stake was disclosed. The deal signals stablecoin issuers moving from passive collateral to direct equity in dollar-access apps expanding into Peru and Bolivia.

  • New Jersey Asks the Supreme Court Whether a CFTC License

    New Jersey Asks the Supreme Court Whether a CFTC License

    Regulation

    New Jersey's September 2, 2026 petition asks the Supreme Court to decide whether the Commodity Exchange Act preempts state gambling law for CFTC-registered prediction markets like Kalshi. The question is live because the Third Circuit backed federal preemption in April 2026 while the Ninth Circuit ruled for state authority on August 28 — a direct circuit split.

  • Blockstream's Liquid Network Recovers 3,400 of 4,000

    Blockstream's Liquid Network Recovers 3,400 of 4,000

    Crypto Infrastructure

    Attackers exploited a software bug in Blockstream's Elements code to mint unbacked L-BTC and redeem it for roughly 4,000 real bitcoin ($320 million) from Liquid Network's federation reserve on September 6, 2026. Self-described 'whitehats' have since returned 3,400 BTC (~$268 million) after Blockstream confirmed a patch, but 598.5 BTC (~$47 million) remains outstanding, leaving L-BTC's 1:1 backing unresolved.

  • Canary's Staked TRX ETF Launches

    Canary's Staked TRX ETF Launches

    Crypto Infrastructure

    Canary Capital's Staked TRX ETF (TRXS) began trading Wednesday, Sept. 9, 2026, on Cboe BZX Exchange, pairing TRON exposure with on-chain staking for the first time. CoinGape reports a 1.10% management fee and a 20% cap on staking-fee rewards from a later S-1 amendment — figures that remain blank placeholders in the S-1/A amendment publicly listed on SEC EDGAR.

  • Ramp in Talks to Raise $1 Billion at $60 Billion Valuation

    Ramp in Talks to Raise $1 Billion at $60 Billion Valuation

    Funding & Deals

    Ramp is in early talks to raise about $1 billion in primary funding at a $60 billion valuation, Bloomberg reported Sept. 8, 2026, citing unnamed origins. That would be a 36% markup on the $44 billion Series F it closed in June — its third valuation step-up in about 13 months. Terms remain unconfirmed; Ramp declined to comment.

  • Visa Says Trust, Not Technology, Is the Blocker to Agentic

    Visa Says Trust, Not Technology, Is the Blocker to Agentic

    Payments & Infrastructure

    Visa CEO Ryan McInerney said on September 8, 2026, at the Goldman Sachs Communacopia + Technology Conference that AI-assisted shopping has arrived but autonomous AI payments have not, citing survey data showing 75% of consumers distrust agentic platforms to pay unassisted, versus 61% who would trust the same transaction if Visa were the network involved.

  • Robinhood's Unsponsored AMC Stock Tokens Expose

    Robinhood's Unsponsored AMC Stock Tokens Expose

    Regulation

    Robinhood CEO Vlad Tenev says AMC Entertainment's shares are fair game for tokenization without company consent, because the product is a debt security issued by Robinhood Assets (Jersey) Limited, not equity. AMC CEO Adam Aron calls it "vile" and plans to petition the U.S. Securities and Exchange Commission. The real gap: no rule requires issuer consent for synthetic stock markets.

  • Dogecoin's 5% Drop Masks the Real Signal

    Dogecoin's 5% Drop Masks the Real Signal

    Crypto Infrastructure

    Bitcoin held near $78,000 on Sept. 10 while dogecoin sank more than 5% to lead major-token losses, but the durable infrastructure signal wasn't the chart pattern traders call a "golden cross" — it was the $3.8 billion that flowed into US spot bitcoin ETFs over the prior three weeks, the category's strongest inflow streak of 2026.

  • Tether and Fasanara Seed a $400M Private Credit Fund

    Tether and Fasanara Seed a $400M Private Credit Fund

    Funding & Deals

    Tether and Fasanara Capital have launched StableFund, a $400 million private-credit vehicle targeting up to $3 billion in institutional capital, to fund SME and consumer loans across more than 60 countries — a bet that stablecoin settlement rails, not just Treasury yield, are Tether's next margin play as its own reserve buffer has halved this year.

  • CIB Bank and Visa Turn a 'Free' Payment Ring

    CIB Bank and Visa Turn a 'Free' Payment Ring

    Payments

    CIB Bank isn't giving away hardware — it's subsidizing account acquisition. Hungary's CIB Bank and Visa are offering a RingPay contactless payment ring, retail-priced at 31,900 forint, only to customers who open a new CIB ECO account with a Visa Inspire debit card, spend at least 30,000 forint within a month, and pre-register before September 30, 2026.

  • SEBI's Demat 2.0 Ties Tokenized Corporate Bonds

    SEBI's Demat 2.0 Ties Tokenized Corporate Bonds

    Regulation

    SEBI's Demat 2.0 pilot has tokenized ₹1,025 crore (roughly $115 million) of corporate bonds from REC, Larsen & Toubro and IIFL Finance, settling each trade against the Reserve Bank of India's wholesale digital rupee through a Unified Market Interface that moves the bond token and the cash leg simultaneously, tightening settlement risk without opening the market to permissionless crypto rails.

  • OpenAI's ChatGPT for Financial Services Sells the Audit

    OpenAI's ChatGPT for Financial Services Sells the Audit

    Fintech Infrastructure

    OpenAI's ChatGPT for Financial Services, launched September 10, 2026, pairs GPT-6 Astra with licensed data from S&P Capital IQ, LSEG, Moody's and FactSet, plus citations tracing every AI-generated figure to its source document. Built with Morgan Stanley and Evercore, it targets banking workflows OpenAI says compliance teams can actually sign off on.

  • Nasdaq Puts $100 Million Into Kraken's Parent to Buy

    Nasdaq Puts $100 Million Into Kraken's Parent to Buy

    Deals & Funding

    Nasdaq Ventures is investing $100 million in Payward, Kraken's parent, at a $21 billion valuation, deepening a partnership to launch Nasdaq Equity Tokens (NETs) — blockchain-based, voting-rights-attached versions of Nasdaq-listed stocks — through Kraken by the second quarter of 2027, alongside a market-surveillance agreement covering Payward's crypto, equities and derivatives venues.

  • DBS, OCBC and UOB Complete First Live SGD Transactions

    DBS, OCBC and UOB Complete First Live SGD Transactions

    Payments & Infrastructure

    DBS, OCBC and UOB completed Singapore's first live interbank SGD payments using bank-issued tokenised deposits on Swift's blockchain-based shared ledger on September 10, 2026. The ledger only handles messaging, matching and netting between each bank's own token ledger — final settlement still runs on existing infrastructure, so no money actually moved on-chain.

  • Apple's Siri AI Ships With Systemwide App Actions

    Apple's Siri AI Ships With Systemwide App Actions

    Payments & Embedded Finance

    Apple's Sept. 14, 2026 Siri AI release adds systemwide app actions but no purchase or checkout capability, per Apple's own announcement. That leaves the assistant outside the agent-payment infrastructure Visa, Mastercard and OpenAI built in 2026 with card tokenization, spending controls and dozens of processor partners — infrastructure whose actual transaction volume none of the three companies has disclosed.

  • Nubank Enters the US Through a Sponsor Bank

    Nubank Enters the US Through a Sponsor Bank

    Banking & Neobanks

    Nubank (Nu Holdings) launched US deposit and credit-card products on September 10, 2026 through sponsor bank Lead Bank, not its own charter. The Office of the Comptroller of the Currency (OCC) gave Nubank, N.A. only conditional approval on January 29, 2026, with Federal Reserve and FDIC sign-off still pending — a bridge arrangement, not a full US banking debut.

  • Fin.com Raises $20M Seed Led by Expa to Fold Stablecoin

    Fin.com Raises $20M Seed Led by Expa to Fold Stablecoin

    Funding & Deals

    Fin.com, a New York payments-orchestration startup founded by Nabeel Alamgir and Mustafa Dar, raised a $20 million seed round led by Expa's Garrett Camp, with Coinbase Ventures, Tenet Fund and Gulf and African sovereign offices participating, the company said September 15, 2026. The round signals investor appetite for stablecoin settlement bundled inside conventional cross-border rails, not a standalone crypto bet.

  • Clarity Act Fails Senate Cloture

    Clarity Act Fails Senate Cloture

    Regulation

    The Senate rejected cloture on the Digital Asset Market Clarity Act 49-50 on September 15, 2026 — 11 votes short of the 60 needed — leaving crypto spot markets without a federal framework and the CFTC's proposed oversight role unresolved. Recently public crypto stocks repriced fast: Circle fell 9.4%, Coinbase nearly 9%, Galaxy Digital 8%.