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Archive · August 31, 2026

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Story 01

Nium Rolls Out USDC Funding, Letting Businesses Settle Cross-Border Payouts in Fiat

Nium has launched a program enabling clients to fund accounts with USDC and pay out in fiat currencies, streamlining cross-border settlements for businesses. By leveraging stablecoin rails, Nium offers faster and lower-cost global payouts compared to traditional correspondent banking. Businesses seeking to reduce settlement times and fees should evaluate stablecoin-based solutions as an alternative to legacy wire transfers.

Source: PYMNTS
Also Worth Knowing
№02

Cronos Network Halts After $75M Tectonic Exploit, Exposing DeFi Security Gaps

The Crypto.com-linked Cronos network suspended operations following a $75 million exploit involving Tectonic’s TONIC token, disrupting users and DeFi participants. The incident undermines trust in Cronos and highlights persistent vulnerabilities in DeFi protocols. Competing networks with stronger security postures may attract liquidity as users seek safer alternatives. Renewed calls for technical audits and regulatory oversight are likely across DeFi platforms.

Source: The Block
№03

VALT Bank Secures FDIC Insurance, Plans Q4 2026 Launch to Challenge Incumbents

VALT Bank received FDIC approval for deposit insurance and plans to launch in Q4 2026, clearing a major regulatory hurdle for digital banks. This milestone enables VALT to compete directly with established banks for business deposits and lending relationships. Fintechs considering a banking license should monitor VALT’s progress and assess their own regulatory strategies as digital banks gain ground in the US market.

Source: Banking Dive
№04

Shinhan Partners With Visa to Pilot Stablecoin Payments in South Korea

Shinhan Financial Group signed an MOU with Visa to pilot Visa’s stablecoin platform, aiming to embed stablecoin payments into Shinhan’s digital offerings. This partnership strengthens Visa’s foothold in Asia’s stablecoin market and gives Shinhan early access to programmable money infrastructure. Regional banks should evaluate stablecoin pilots to remain competitive as programmable payments gain traction in mainstream financial services.

Source: Finextra
№05

Revolut Forms In-House AI Research Unit to Build Proprietary Fintech Models

Revolut has launched an internal AI research division to develop proprietary models for product and operational enhancements. By investing in in-house AI, Revolut aims to differentiate its offerings from rivals relying on third-party solutions. Fintechs seeking to improve personalization, fraud detection, and customer service should consider building or acquiring AI expertise to stay competitive.

Source: Sifted
The Long Memory
“The first coins resembling modern currency were minted in Lydia around 600 BCE, marking a shift from barter to standardized payments.

Filed under: Payments History · The Long Memory

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