Block’s Cash App is gradually enabling stablecoin payments for its nearly 60 million users, because apparently, people prefer not to lose their shirts when making transactions. The new feature allows users to deposit and withdraw USD Coin (USDC), moving value freely between external self-custodial wallets and their Cash App balances. It’s like having a dollar in your pocket, but digital.
In this Gogol-esque tragicomedy, we shall unravel the threads of this “duopoly,” a term so grand it could only be concocted by bureaucrats with too much time and too little humor. We’ll explore the daily delights users savor and the lurking vulnerabilities that threaten to turn this waltz into a chaotic kazachok.
Robinhood now lets customers link AI assistants to their accounts, allowing them to trade stocks and make purchases using virtual credit cards. This new feature comes with two products: Agentic Trading and the Agentic Credit Card.
A Farce in Bullet Points
A new proposal, called AMM Swappable Curves and identified as XLS Discussion #547, has been submitted by Denis Angell and Roman Thpt – both developers who actively work on the XRPL software. It’s currently being reviewed by the community on GitHub. This proposal expands on XLS-30, which first brought automated market makers to the XRPL network in 2024.
The answer is more specific than most people realize.
SoFi claims this is the first time a U.S. national bank has embedded a stablecoin into its app. Groundbreaking? Or just another way to make your money feel like it’s on a rollercoaster?
As a crypto investor, I noticed the UK government just announced new sanctions. Basically, they’re going after crypto companies and networks that Russia is using to get around existing sanctions and move money. It’s a move to tighten the screws and make it harder for Russia to finance things through crypto.
SoFi announced Wednesday that almost 15 million of its users can now buy, sell, and store SoFiUSD, a new digital currency, directly within the SoFi app. This stablecoin, which operates on both the Ethereum and Solana blockchains, can be exchanged for U.S. dollars at a one-to-one value through SoFi Bank.
Ah, but which carcasses does he single out? None other than the sacred trinity of DeFi-Aave, MakerDAO, and Compound. These blue-chip protocols, once the darlings of the crypto elite, now stand accused of harboring flaws that even the most diligent auditor cannot hope to mend. How tragic, how utterly Dostoevskian, that the very systems we trusted should betray us so!