US Congress passes landmark stablecoin legislation π³πͺ; Wise delivers strong volume growth despite market disappointment ππ; N26 launches travel eSIM service π¦π
FinTech is Eating the World, 18 July
Hey Everyone,
Good morning & happy Friday! Another fascinating FinTech week is about to end, but weβre closing it off on a very high note π΅ Today weβre looking into US Congress passing landmark stablecoin legislation (why itβs huge & what to expect next + bonus deep dive into Citi & their solid stablecoin strategy), Wise that just delivered strong volume growth despite market disappointment (quick dive into their latest financial & why you should still be bullish + a bonus dive into Wise), and N26 which just launched travel eSIM service (why itβs a good move, what trends in justify and what to expect next). Letβs jump straight into the interesting stuff πΆοΈ
US Congress passes landmark stablecoin legislation π³πͺ
The BIG News π₯ The United States House of Representatives just achieved a watershed moment for the digital asset industry, passing the first federal legislation to regulate stablecoins by a decisive 308-122 margin.
The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now awaits President Donald Trump's signature after clearing both chambers of Congress.
Letβs take a quick look at this, understand why itβs huge, and what to expect next.