Berlin backs unified European Exchange to challenge Wall Street 😳🇪🇺; Would you trust YouTuber with your money? MrBeast bets 445M followers will 📺💸; Stablecoin companies are becoming banks 🪙🏦

FinTech is Eating the World, 17 October

Hey Everyone,

Good day & happy Friday! Today we’re looking at plans for a unified European Exchange to challenge Wall Street’s dominance (what it’s all about, why would it make sense & how likely is it); YouTube’s superstart MrBeast, who’s now going into FinTech (what’s the USP here, what it tells us & what to expect next), and more stablecoin companies that are now becoming banks (why Stripe’s stablecoin startup is pursuing a national charter, what it means for the sector & what’s likely to happen next + bonus list of the ultimate stables resources inside). Let’s jump straight into the finnovative stuff 🌶️

Berlin backs unified European Exchange to challenge Wall Street’s dominance 😳🇪🇺

The news 🗞️ German Chancellor Friedrich Merz has endorsed the creation of a single European stock exchange, marking a significant policy reversal for Europe’s largest economy.

Speaking to the Bundestag, Merz argued that German companies, particularly in sectors like biotechnology, should not need to list on Wall Street to access adequate capital and liquidity. He’s not wrong here…

Let’s take a quick look at this, understand why it matters and what this means for Europe.