DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 413

Stripe Launches Platform to Help Businesses Launch And Manage Their Own Stablecoins

0

Stripe, a multinational financial services and software as a service company, has rolled out Open Issuance, a new platform that enables businesses to create, launch, and manage their own stablecoins.

The platform gives companies full control over their digital currency strategy removing reliance on third-party issuers, reducing fees, and unlocking new revenue opportunities through reserve rewards. By connecting every issuer into a shared liquidity network, Open Issuance makes it faster and easier for businesses across industries to bring stablecoins to market and scale globally.

Stablecoins are quickly becoming one of the most transformative tools in global finance. Companies worldwide are adopting them to receive payments, store value, and streamline treasury operations making it easier to reach customers, launch cross-border financial services, and reduce costs.

Until now, most businesses have relied on stablecoins from a small number of external issuers. While these issuers offer scale, liquidity, and brand recognition, building on their infrastructure leaves businesses with little control. They remain dependent on third-party roadmaps, subject to unpredictable fees, and unable to participate in the economics of issuance.

Stripe introduction of Open Issuance, will enable companies to fully control the product experience, mint and burn coins without unnecessary restrictions or fees, and capture rewards from reserves. The platform also connects every issuer into a shared liquidity network, reducing costs and enabling businesses to get to market faster without reliance on a handful of incumbent providers.

Open Issuance is designed to support companies across sectors, which includes; Crypto platforms looking to control their economics and pass rewards to users, Fintechs offering stablecoins alongside fiat services. Also, Enterprises optimizing global treasury operations while earning yield, and Banks exploring stablecoin strategies to enhance consumer and business products.

The platform is already live with its first major use case. Phantom, a crypto wallet with more than 15 million users, has launched CASH, a new stablecoin built on Open Issuance. CASH underpins Phantom’s native money movement features, allowing users to spend, send, use across DeFi, or convert seamlessly to fiat and other stablecoins.

Several other projects are migrating their stablecoins to the platform as well. Open Issuance enables businesses to launch a stablecoin in just a few days. Stripe, alongside its partners, handles the core infrastructure—reserve management, liquidity, security, and compliance—while businesses focus on customers.

Nearly every aspect of a stablecoin can be customized, including; Supported blockchains, Smart contract functionality, Reserve composition, with allocations between cash and treasuries managed through top-tier partners such as BlackRock, Fidelity, and Superstate to help drive adoption, Open Issuance integrates with leading tools for onramps, offramps, wallets, and cards through partners like Bridge, Privy, and Stripe.

Notably, while liquidity is a key challenge for any new stablecoin, Open Issuance solves this by making all coins on the platform interoperable. Businesses can opt into one-for-one swaps between stablecoins, ensuring every new coin strengthens the network’s overall liquidity.

A new era of stablecoin issuance

With Open Issuance, Stripe aims to democratize the stablecoin landscape. Businesses no longer have to depend on a few dominant providers, they can issue, customize, and scale their own stablecoins while benefiting from a built-in liquidity network.

This marks a new step forward in how digital money is created, managed, and moved across borders.

Implications of World Liberty Financial’s Tokenization Plans for RWAs with USD1

0

World Liberty Financial (WLFI)—a DeFi platform backed by Donald Trump Jr. and CEO Zach Witkoff—announced plans to tokenize real-world assets (RWAs) such as oil, gas, cotton, and timber.

These tokenized assets will be paired with their USD1 stablecoin to enable secure, transparent blockchain trading while maintaining price stability in volatile markets.

WLFI aims to bring commodities and other RWAs onto the blockchain, allowing fractional ownership, 24/7 trading, and global accessibility. This bridges traditional finance (TradFi) with DeFi, emphasizing compliance and institutional adoption.

The USD1 stablecoin, launched in March 2025 and pegged 1:1 to the U.S. dollar, will serve as the stable pairing for these RWAs. Backed by U.S. Treasuries, cash equivalents, and managed by custodians like BitGo and Fidelity, USD1 has grown to a $2.7 billion market cap, making it the fifth-largest stablecoin globally.

It eliminates minting/redemption fees and supports cross-chain transfers for expanding to Aptos. WLFI’s dual-token model includes:USD1: For stability and liquidity in payments, lending, and RWA trades.

A debit card for spending USD1 is slated for Q4 2025 or Q1 2026, enabling seamless fiat-to-crypto conversions. This move positions WLFI as a leader in RWA tokenization, potentially rivaling platforms like BlackRock’s tokenized funds.

By tying RWAs to a “trustworthy” stablecoin like USD1, it reduces counterparty risk and appeals to institutions wary of unbacked cryptos. Early integrations with Binance via a $2B MGX deal highlight its momentum.

Tokenizing RWAs allows fractional ownership, enabling retail investors to access high-value assets (e.g., oil or timber) previously restricted to institutions or high-net-worth individuals.

Blockchain-based trading with USD1 enables 24/7, borderless access, potentially increasing liquidity and participation in commodity markets, especially in regions with limited financial infrastructure.

Tokenization on a blockchain ensures transparent pricing and ownership records, reducing intermediaries and costs. Pairing with USD1, a stablecoin pegged to the U.S. dollar, minimizes volatility risks in RWA trading.

Blockchain settlements are near-instant compared to traditional markets, which can take days, streamlining trade execution and capital flow. WLFI’s compliance-focused approach like USD1 backed by U.S. Treasuries and managed by custodians like BitGo and Fidelity appeals to traditional financial institutions wary of crypto’s regulatory ambiguity.

This could accelerate institutional entry into DeFi. WLFI’s RWA tokenization competes with efforts by firms like BlackRock, which tokenized a money-market fund on Ethereum. WLFI’s broader asset scope (commodities) could carve a unique niche.

Pairing RWAs with USD1, a stablecoin with a $2.7B market cap and no minting/redemption fees, reduces exposure to crypto volatility, making DeFi more appealing for conservative investors.

USD1’s cross-chain support like Aptos and upcoming debit card (Q4 2025/Q1 2026) could drive adoption, creating a robust ecosystem where RWAs, payments, and lending coexist. Tokenizing commodities like oil and gas could shift pricing dynamics, potentially challenging traditional exchanges or cartels by increasing market access and competition.

WLFI’s Trump-backed branding and focus on U.S.-centric assets backed by Treasuries may align with nationalist economic policies, influencing U.S. crypto regulation or global stablecoin adoption.

As WLFI grows, its $391M daily USD1 trading volume and RWA ambitions could attract stricter oversight, especially given stablecoin regulations tightening globally such as EU’s MiCA framework.

While USD1 is stable, tokenized RWAs remain subject to underlying asset volatility which could deter risk-averse investors. Tokenizing RWAs requires navigating complex securities and commodities regulations, which vary by jurisdiction. Missteps could lead to legal challenges.

Institutional and retail uptake depends on trust in WLFI’s infrastructure, security, and compliance—a challenge given DeFi’s history of hacks and scams. USD1’s integration with RWAs could challenge Tether (USDT) and Circle (USDC), especially if WLFI’s debit card and Binance integrations boost its utility.

WLFI’s RWA tokenization paired with USD1 could transform how commodities and other assets are traded, making markets more accessible, efficient, and liquid. It strengthens DeFi’s credibility for institutional players while challenging traditional finance. However, success hinges on regulatory compliance, market adoption, and managing asset-specific risks.

Zoox Expands to Washington D.C. as Robotaxi Competition Heats Up

0

Amazon-owned Zoox is steering its autonomous vehicle ambitions to the nation’s capital, announcing Tuesday that it has begun mapping Washington D.C.’s streets in preparation for testing later this year.

The company said it will start with manually driven Toyota Highlanders equipped with sensors and proprietary software to build detailed maps of the city. Once the groundwork is complete, Zoox plans to transition to testing its autonomous vehicles with human safety operators behind the wheel.

“With its growing population and high demand for flexible transport options, the District is an ideal next location and optimal place to begin testing and mapping our technology on the East Coast,” Zoox said in a blog post.

The push into Washington D.C. marks Zoox’s eighth U.S. test site, joining Austin, Atlanta, Los Angeles, Las Vegas, Miami, San Francisco, and Seattle. A spokesperson told TechCrunch the company will begin with a small fleet in the District, which will expand gradually over time.

Zoox has come a long way since its 2014 founding in Foster City, California. Backed by Amazon since 2020, it has scaled operations from Silicon Valley test tracks to hundreds of vehicles across multiple U.S. cities. At the heart of its ambitions is a custom-built robotaxi, designed without a steering wheel or pedals, that aims to redefine urban mobility. Earlier this year, the company launched a free robotaxi service in Las Vegas, its anchor market since 2019, and started testing the shuttles in San Francisco last November.

Still, Zoox must clear regulatory hurdles before it can run a full-fledged commercial service. The National Highway Traffic Safety Administration granted the company an exemption in August to demonstrate its custom vehicles on public roads, though that approval only covers research and demonstrations. Zoox has since filed for a broader exemption that would pave the way for commercial rollout.

The Washington move comes at a time when the robotaxi market is heating up, with self-driving companies jockeying for leadership as the technology inches closer to mainstream adoption. Alphabet’s Waymo and General Motors’ Cruise have been at the forefront, running robotaxi services in parts of California. Waymo recently expanded its service zones in Los Angeles and Phoenix, while Cruise is navigating a turbulent stretch after regulatory scrutiny forced it to scale back in San Francisco. Tesla, meanwhile, has promised to unveil its long-delayed robotaxi in the coming year, positioning its approach as one built on mass deployment of existing vehicles rather than bespoke designs like Zoox’s.

The different strategies underscore the race to establish dominance. Waymo has leaned heavily on regulatory goodwill and incremental expansion, Cruise has pursued aggressive rollouts that at times backfired under safety concerns, and Tesla has staked its future on AI-driven autonomy built into its passenger cars. Zoox, by contrast, is betting that its purpose-built robotaxi will give it a unique edge once regulators greenlight full commercial operations.

By choosing Washington D.C., Zoox is not only entering a dense and highly visible urban environment but also signaling its readiness to compete coast-to-coast with rivals. But the bottom line is, cities are becoming equally important as the fight for control of the emerging robotaxi market is shaping up to be one of the defining contests in the transportation industry.

Cerebras Raises $1.1bn to Delay IPO, Doubling Valuation as AI Chip Race Intensifies

1

Cerebras is buying itself more time before an IPO by locking in $1.1 billion in new private funding, a move that doubles its valuation to $8.1 billion and positions the startup as one of the few challengers to Nvidia in the red-hot market for AI chips.

The company filed to go public exactly a year ago, but ran into headwinds after U.S. regulators raised concerns about its reliance on a single Middle Eastern customer, G42. The Treasury Department’s Committee on Foreign Investment in the United States (CFIUS) reviewed Cerebras’ plan to give G42 a bigger stake, slowing down its path to market. That dependence had also drawn scrutiny from analysts who flagged it as a potential vulnerability.

Despite those setbacks, investor enthusiasm has only grown. Co-founder and CEO Andrew Feldman confirmed that Cerebras still intends to go public, but that raising fresh funds was necessary to seize opportunities in the fast-changing AI landscape.

“I don’t think this is an indication of a preference for one or the other,” Feldman said in an interview. “I think we have tremendous opportunities in front of us, and I think it’s good practice, when you have enormous opportunities, not to let them fall by the wayside for lack of capital.”

Feldman has previously said the company aspires to list in 2025.

The funding round included heavyweight investors such as 1789 Capital, Alpha Wave, Altimeter Capital, Atreides Management, Benchmark, Fidelity, Tiger Global, and Valor Equity Partners. Feldman described the lineup as one that could easily “cornerstone your IPO,” underscoring the caliber of backing the company now enjoys.

Much of the new money will go toward expanding U.S. manufacturing capacity. Cerebras’ chips are produced as wafers by Taiwan Semiconductor Manufacturing Co. (TSMC) and then packaged in the United States.

“We increased manufacturing capacity in the last 18 months 8x, and we are going to go another 4x in the next six or eight months,” Feldman said, adding that the company will also hire aggressively to meet demand.

Financially, Cerebras is beginning to show traction. The company generated about $70 million in revenue in the second quarter of 2024, a leap from less than $6 million in the same period a year earlier. It has recently won business from Hugging Face, Meta, Notion, and Perplexity—clients that signal growing trust in its technology.

Cerebras’ rise comes as private capital continues to flow into AI. Databricks, which sells data analytics software, raised $1 billion at a valuation above $100 billion. OpenAI recently disclosed that Nvidia plans to invest up to $100 billion to support its buildout of data centers. Anthropic, another AI startup, secured $13 billion at a valuation of $183 billion. Against those eye-popping numbers, Cerebras looks modest, but its focus on AI hardware—rather than software or platforms—places it in direct competition with Nvidia, a $3 trillion company whose chips dominate training and inference workloads.

The contrast highlights the different paths emerging in the AI arms race. While OpenAI and Anthropic are soaking up billions to expand data center capacity and scale software models, Cerebras is betting on specialized chips that can serve as alternatives to Nvidia’s GPUs. That strategy is capital-intensive but also positions the startup at the very heart of AI infrastructure, where demand for compute power is exploding.

Nvidia’s dominance is believed to have wetted investors’ appetite for a challenger. Feldman, for his part, framed Cerebras’ funding not as a retreat from public markets but as a bridge to ensure it has the capital needed to compete.

“When you have enormous opportunities,” he said, “it’s good practice not to let them fall by the wayside for lack of capital.”

Although Cerebras remains private for now, with revenues surging, investors circling, and competition intensifying, its eventual IPO is likely to test just how much appetite remains for high-risk, high-reward bets in the AI hardware space.

Google Adds Visual Results to AI Mode, Expanding Its Generative Search Capabilities

0

Google is expanding its artificial intelligence-powered search experience, AI Mode, by adding visual results, the company announced on Tuesday.

The feature, launched in the U.S. in May as a text-first tool that answered queries in natural language, will now generate images for users seeking inspiration or shopping help — a shift that underscores how search is evolving in the age of generative AI.

Robby Stein, vice president of product management at Google Search, said the update unlocks new possibilities for how users engage with AI Mode.

“Sometimes what you’re looking for really just can’t be articulated with text,” Stein told reporters during a briefing. “If you ask about shopping for shoes, it’ll describe shoes when really people want visual inspiration, they want the ability to see what the model might be seeing.”

For instance, a user searching “Show me a maximalist inspo for my bedroom” will now receive a series of AI-generated images. These results can then be refined with follow-ups such as “Show me more with bolder prints and dark tones.”

The same logic applies to shopping. A query like “Barrel jeans that aren’t too baggy” would produce shoppable images, each linked directly to retailer websites.

The new feature draws on multiple Google technologies, including the Gemini 2.5 AI model, Google Search, Lens, and Image Search. Google aims to create a multimodal experience that goes beyond the limitations of text by combining these.

“This is really, we think, a breakthrough in what’s possible,” Stein said.

Market Context and Investors Sentiment

The rollout comes as Google faces growing competitive pressure from Microsoft’s Bing, which is infused with OpenAI’s technology, and AI-native startups that are reimagining online discovery. Google is attempting to lock in users who might otherwise turn to rivals by making search more visual, interactive, and transactional.

For investors, the financial-market angle has an underpin. Visual shopping features not only deepen user engagement but also pave the way for new monetization channels, particularly through advertising and retail partnerships. Analysts say the move could shift consumer behavior from traditional search queries toward direct commerce funnels, potentially increasing Google’s share of e-commerce-driven ad spending — an area where Amazon and TikTok have been eating into Google’s dominance.

But Google’s AI strategy has drawn criticism from many quarters. The company’s AI Overview, which automatically generates summaries at the top of search results, has drawn backlash from publishers and content creators who argue that it undercuts traffic to their sites. Critics say this risks alienating an ecosystem that has long relied on Google referrals for visibility and revenue.

That criticism creates a behavioral challenge in the market. Advertisers may welcome AI Mode’s direct purchase links, but publishers and online businesses share a concern that traffic may continue to erode, broadening questions about the sustainability of Google’s AI-driven search strategy.

However, many believe that Google’s visual expansion highlights how users are being trained to expect multimodal, curated answers instead of static blue links. This means faster discovery and more immersive shopping for consumers, and a balancing act for Google. The company is seen as tapping into new revenue streams and protecting market share, while navigating the backlash that comes with altering the fundamental economics of the web.

As the rollout unfolds, the key question will be whether these AI-driven innovations can strengthen Google’s financial moat without deepening conflicts with publishers and content creators.