Digital Payments
Ten European banks, including ING and UniCredit, have set up an Amsterdam company to issue a euro-pegged stablecoin intended to challenge U.S. dominance in digital payments. The initiative signals a coordinated push by incumbent banks to reclaim payment rails and accelerate euro-based digital transactions.
Swedish fintech Klarna said it plans to issue a U.S. dollar–backed stablecoin as it expands into digital assets, joining a growing field of payment firms exploring tokenized money. The announcement comes as regulators worldwide increase scrutiny of stablecoins and crypto payments.
Mastercard and U.S. Bank have announced an expansion of their subscription management services, aiming to help credit cardholders better manage recurring payments. This initiative enhances financial control and transparency for users.
The Bank of North Dakota is set to launch the 'Roughrider Coin,' a fully USD-backed stablecoin, in partnership with Fiserv. Launching in 2026 on the Fiserv digital asset platform, this initiative aims to enhance interbank transactions and promote digital payments in North Dakota.
Several U.S. states tighten crypto ATM regulations responding to rising fraud scams targeting seniors, while major payment firms like Fiserv launch new stablecoins enhancing digital commerce. Bitcoin stays stable despite geopolitical tensions.