Growth of stablecoins 😳💸; Apple Pay embraces Klarna 🤝💳; Morgan Stanley's resilience shines amidst market volatility 👏📈

FinTech is Eating the World, 17 October

Hey Everyone,

Good morning & happy Friday! Today’s issue is crazy hot as we’re looking at the expanding growth of stablecoins including rumors of an interesting FinTech acquisition (what it’s all about, why stables make sense & what it indicates about the future of FinTech + bonus read on stables being the next driving force in finance), Apple which just integrated Klarna into Apple Pay (why it matters & what’s next + lots of bonus deep dives into Apple Finance, Apple Intelligence & Klarna), and Morgan Stanley that shines amidst market volatility (breaking down the latest Q3 2024 financials, what they tell us & what’s next + bonus deep dives into other financials behemoths inside). So let’s just jump straight into the thrilling stuff 🌶️

Growth of stablecoins 😳💸

Why stables? 🤔 First and foremost, the growing interest in stablecoins comes as these digital assets increasingly outpace Bitcoin as a store of value in developing countries with high inflation.

At the core, stables offer the benefits of cryptocurrency – such as fast, low-cost transfers – without the extreme price volatility associated with other digital assets.

So here comes the potential M&A. Let’s take a quick look at this.