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India Fintech IPO Wave, Ripple's $16T Bet & NY Open Banking Split
Audio is available on Spreaker — see link below.
Stablecoin volume surpasses Visa, Ripple targets a $16 trillion cross-border gap, and India's fintech sector pivots from funding to public markets. Today's briefing covers the signals that matter across payments, regulation, and crypto adoption.
Audio is available on Spreaker — see link below.
Stablecoins just crossed a threshold that payments incumbents can't ignore. Annual stablecoin volume has hit forty-six billion dollars, surpassing Visa and PayPal combined.
The signal that stands out from Ripple this week is the framing its CEO is using around payment flows. Brad Garlinghouse is pointing to sixteen trillion dollars in annual cross-border payment volume, and positioning XRP as the settlement layer to capture it.
Brian Armstrong's read on the latest crypto correction is worth noting. He's calling it barely even a winter compared to the drawdowns of twenty eighteen and twenty twenty-two.
India's fintech sector is making a structural shift from growth funding toward exit capital markets. CRED closed a nine hundred million dollar Series H at a four-point-five billion dollar valuation, making it the largest fintech raise in Indian history.
The regulatory development to track in the US is New York's proposed open banking bill, AB ten six four zero. If passed, it would extend data-sharing requirements beyond the scope of the CFPB's Section ten thirty-three, covering all financial products, small business accounts, and carrying penalties of ten thousand dollars per violation.
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