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Bakkt's $208T Bet, Clarity Act Stalls & BRICS Payment Independence | Sep 12-15
Audio is available on Spreaker — see link below.
Stablecoin rails target the $208 trillion cross-border payments market as Bakkt challenges correspondent banking's weekend delays — while the US Clarity Act hits a Senate wall and BRICS plots dollar-channel alternatives. Today's briefing covers the infrastructure bets, regulatory dead-ends, and venture capital shifts reshaping global finance.
Audio is available on Spreaker — see link below.
Bakkt just announced enterprise-grade cross-border payment infrastructure built on stablecoins, and the number they're targeting is two hundred and eight trillion dollars. That's the size of the global cross-border payments market.
The important distinction is that this isn't a marginal improvement on an existing process. It's a structural challenge to a model that has operated largely unchanged for decades.
Running parallel to this is the regulatory picture in the United States, and it isn't helping. Senate Majority Leader John Thune has scheduled a procedural vote on the Clarity Act for September fifteenth.
At the same time, the BRICS summit on September twelfth and thirteenth in India has CBDC linkage and national-currency trade on its formal agenda. That's no longer a theoretical aspiration.
On the funding side, the composition of where capital is moving tells its own story. Tokyo-based Paytner raised two point three billion yen in Series D for invoice factoring.
The near-term signals worth tracking are narrow. Watch whether Bakkt announces any confirmed enterprise pilot before year-end.
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