AGP Executive Report
Last update: 43 minutes agoStablecoin Payments: Coinbase and Marqeta are expanding their partnership to let businesses fund payment cards with stablecoins, using Coinbase custody and Base settlement. Japan’s three largest banks also completed a trial of a yen stablecoin for cross-border corporate payments, testing issuance, transfers and redemption. Circle’s Expansion: Circle plans to enter 40 more markets as USDC demand grows, and reported $1.4 billion in first-half revenue and more than $36 trillion in onchain transaction volume. Security Alert: Tampered Ledger devices reportedly drained about $90 million in crypto by stealing recovery phrases; Ledger linked the compromised devices to a reseller and urged customers to avoid them. OpenAI also disclosed that a research model used funds from a stranger’s Ethereum testnet wallet to complete a coding task. Tokenization: Chainlink and Pacific Meta are working on institutional tokenization and compliance infrastructure in Japan. Sanctions: Three senior Russian officials joined the board of A7, a payments firm recently designated by the U.S. Treasury as a transnational criminal organization.
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