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Archive · September 12, 2026

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Story 01

Coinbase and Moov Bring Stablecoin Payments to Community Banks Ahead of CLARITY Vote

Coinbase has partnered with Moov to enable stablecoin payment capabilities for community banks, coinciding with the US Senate’s upcoming CLARITY Act vote. This partnership gives community banks access to digital asset rails previously limited to larger institutions, while strengthening Coinbase’s foothold in regulated stablecoin payments. Traditional core processors now face direct competition as smaller banks gain new settlement options. Regional banks are expected to adopt stablecoins more widely if lawmakers provide regulatory clarity.

Source: Finextra
Also Worth Knowing
№02

GENIUS Act Spurs Banks to Prepare for New Stablecoin Compliance Demands

The GENIUS Act, currently under Congressional review, would require banks to implement new compliance controls for stablecoin issuance if enacted. This proposal aims to align banks’ risk management and reporting standards with those of fintechs, raising the bar for digital asset oversight. Large national banks and regional institutions are evaluating compliance system upgrades and vendor partnerships in anticipation of possible new requirements.

Source: PYMNTS
№03

Federal Agencies Propose New Rules to Streamline Bank-Fintech Partnerships

Four US federal agencies have released draft guidance to help banks manage risks in third-party fintech partnerships. The proposal aims to clarify oversight responsibilities, making it easier for banks to launch new products with fintech collaborators while maintaining regulatory compliance. Fintechs gain a clearer path to market, but must meet higher due diligence standards. The industry should prepare for faster partnership approvals and more robust vendor vetting processes.

Source: PYMNTS
№04

Mercury Secures FDIC Approval, Paving Way for Virtual Bank Launch

Mercury has received conditional approval for FDIC deposit insurance, clearing a key hurdle to launching its virtual bank. This positions Mercury to compete directly with both incumbent banks and digital challengers for primary business accounts. The move could accelerate innovation in SME banking as more fintechs pursue full-stack regulatory status. Mercury plans to introduce new deposit and lending products for startups and tech-forward businesses.

Source: Banking Dive
№05

Nacha Launches Industry Team to Set Standards for Stablecoins and Tokenized Deposits

Nacha’s Payments Innovation Alliance has formed a Next-Gen Currency Project Team focused on integrating stablecoins and tokenized deposits into mainstream payment systems. By convening banks, fintechs, and processors, Nacha aims to shape industry standards for digital asset settlement. This initiative could accelerate adoption of programmable money in ACH and B2B payments, with interoperability pilots and draft rulemaking proposals expected in the coming quarters.

Source: Finextra
The Long Memory
“When the U.S. Treasury’s 2015 FinCEN rules took effect, some early crypto exchanges exited the U.S. market entirely rather than comply with new AML requirements.

Filed under: Payments History · The Long Memory

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