Visa Stays Neutral as Open USD Draws Comparisons to Stablecoins USDT and USDC
Visa CEO Ryan McInerney declined to position Open USD as a direct competitor to USDT or USDC stablecoins. He emphasized supporting the broader stablecoin ecosystem rather than endorsing any specific digital currency.
Read full story →xStocks Crosses $600 Million Milestone in Tokenized Equities and Related Assets
The xStocks platform exceeded $600 million in assets under management across tokenized shares, exchange-traded funds, and IPO-related instruments. This growth reflects increasing adoption of blockchain-based equity exposure over the past year.
OpenAI Reaches 1 Billion Active Users as AI Becomes Daily Habit
OpenAI's models reached over 1 billion active users and more than 2 million businesses. Users deploy AI more frequently and deeply as they gain confidence with the technology over time.
Fed Moves to Give Mutual Banks More Flexibility to Raise Capital
The Federal Reserve proposed updating rules for mutual banks that have remained unchanged since 1993, aiming to reduce regulatory burden and increase capital-raising flexibility. The updated rules would replace regulations the Fed described as overly burdensome and complex for these banking organizations.