Visa and Mastercard, along with Stripe and potentially Coinbase, are reportedly developing a shared stablecoin platform to compete with Circle and Tether, who control about 80% of the $325 billion stablecoin market. This move leverages the card networks' vast merchant acceptance and bank relationships, which Circle and Tether lack, potentially disrupting the current market by shifting stablecoins from crypto-centric use to mainstream payments. The GENIUS Act standardizes stablecoin issuance, making distribution the key competitive factor, which favors Visa and Mastercard. While regulatory and governance challenges remain, this consortium could redefine stablecoin adoption and impact Circle's market position significantly.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
