Exchanges in name only. They're dark pool prime brokers.
An obscure yet critical part of US banking that's suddenly creating controversy and making headlines.
Circle USDC, Paxos USDP and BUSD, and Tether USDT are worth over $100B collectively as the leading stablecoins. But they're not all made equally.
Dodd-Frank Section 1033 promised consumer rights to data. 12 years later, the rule still isn't written but it's nonetheless proved foundational for fintech as we know it.
Apple announced Apple Pay Later, a buy now, pay later service. Left unannounced was how they'll deal with collections.
Beyond the headlines, with a longer-term perspective, today's doom and gloom provides as many opportunities as it does hardships.
Despite having just 4,600 employees, the Securities & Exchange Commission plays an outsized role as the primary regulator for $115T of securities traded in the US every year.
It's been a extraordinary first year for Fintech & Finance! Thank you!
Banks are unbundling themselves. Ever more narrowly scoped components, consumed as APIs, that unlock huge revenues and bigger margins for those banks willing to make the plunge.
The basic of banking haven't changed for 600 years, but there's still tremendous nuance in what they actually do and don't do.
