Jack Dorsey announced that his firm, Block, is “reluctantly” embracing the stablecoin trend, a decision influenced by user demand rather than changes in its core belief in Bitcoin as the preferred open financial protocol. This move comes as other payment processors like Stripe and PayPal have also started incorporating stablecoin capabilities, highlighting the competitive pressures in the market.
You might be interested in …
Grok 4.20 beta introduces customizable personal AI agent teams
Grok 4.20 Beta has been launched, introducing a personal AI agent team that allows users to customize and manage up to four core agents for collaborative tasks. Additionally, those subscribed to the SuperGrok Heavy plan […]
X Money to launch limited beta in 1-2 months for all X users
X Money, a new financial service from X, is set to launch in a limited external beta within the next 1-2 months, followed by a worldwide rollout to all X users. Elon Musk emphasizes that […]
Nscale raises $2B at $14.6B valuation with Nvidia backing
Nscale, an AI data center startup, has secured $2 billion in funding, reaching a valuation of $14.6 billion, with Nvidia as a key backer among several investors. This Series C funding round, led by Aker […]