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Crypto

Stablecoin growth bottleneck is banks, not blockchain

Stablecoin payments are expanding quickly in corporate transactions, but their main constraint is bank infrastructure rather than blockchain technology, the article said. Annualised stablecoin payments were about $390 billion at end-2025, or about 0.02 percent of the $208 trillion cross-border payments market. Banks still handle on- and off-ramps, compliance and local payment-network access, and reliance on a single bank is seen as a key operational risk.

Finance

Fintech job cuts: really driven by AI? Pressure to cut costs may be bigger factor

AI is being blamed for large-scale job cuts in the fintech sector this year, but profitability pressure, cost-cutting and the aftermath of past overhiring may be bigger factors, an article said. A commentary published by TechRadar said about 10,000 fintech jobs have disappeared globally this year, citing cuts at PayPal, Block and Coinbase. It said companies are linking restructuring to AI despite unclear evidence of productivity gains.

AI & Enterprise

Stripe, Advent scrap $53 billion PayPal takeover plan

Payments firm Stripe and private equity firm Advent International have stopped pursuing an acquisition of PayPal, Bloomberg reported on Aug. 27 local time. Axios also confirmed the move, it said. Stripe and Advent had been seeking a $53 billion deal for PayPal, which could have been the largest fintech merger and acquisition transaction if completed. PayPal shares closed at $61.47 on Thursday, above the offered $60.50 per share.