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Crypto

Stablecoin interest ban raises questions over workaround rewards

The U.S. Office of the Comptroller of the Currency has finalised a GENIUS Act rule that bans stablecoin issuers from paying interest or returns solely for holding coins. The rule defines stablecoins as payment instruments backed one-to-one by real assets and takes effect on Jan. 18, 2027. The OCC dropped draft language that would have blocked rewards by exchanges and fintech firms, but plans case-by-case reviews to prevent disguised issuer interest.

Crypto

Mesh partners with Visa to enable crypto payments without a card

Crypto payments infrastructure firm Mesh is partnering with Visa to launch a service that lets users buy goods using cryptocurrencies without a separate card, The Block reported on Oct. 19. Users can spend cryptocurrency and stablecoin balances held in partner wallet apps at more than 175 million Visa-accepting locations worldwide, both in-store and online. The app generates the required card details, while Mesh handles funding and foreign exchange.

AI & Enterprise

Tech Insight: AI agent \'wallet wars\' shift from virtual cards to agent tokens

Terry Angelos, a Visa fintech and crypto senior vice president and former DriveWealth CEO, wrote that helping an AI agent pay is different from letting it transact on a user’s behalf. He said agents are evolving from providing answers to completing tasks, making payment authority a key issue. He warned that wallet and virtual-card setups can break relationships and card benefits, and argued agents need payment policies and clear liability. He pointed to card-network standards using agent tokens as a solution.