Fintech startup Parker files for bankruptcy

Parker, a well-funded startup offering corporate credit cards and banking services for e-commerce businesses, has filed for bankruptcy and is widely reported to have shut down. The startup was part of Y Combinator’s winter 2019 cohort, and its Series A was led by Valar Ventures.  Parker came out of stealth in 2023, touting a corporate…

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Banks try to kill the CLARITY Act

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,…

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Aave partners with Latin American fintechs to enhance DeFi access across the region

Aave, the largest decentralized lending protocol by total value locked, has been building something interesting south of the border. Through partnerships with a handful of Latin American fintech companies, the protocol now powers yield-generating products for over 130,000 users managing approximately $40 million in deposits. More than $20 million of those deposits sit in stablecoins,…

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Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy – Bitcoin News

Key Takeaways ECB President Lagarde called euro-denominated stablecoins a financial stability risk on May 8, 2026. Lagarde mentioned that USDC depegged to $0.877 during SVB’s 2023 collapse, exposing $3.3 billion in Circle reserves. The ECB’s Pontes project launches in September 2026 to anchor DLT settlement in central bank money. Lagarde Warns European Banks That Euro…

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Stablecoin execs warn on hard part ahead

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Summary MoonPay VP Richard Harrison said the GENIUS Act gave firms a regulatory permission slip, accelerating traditional finance entry into stablecoins. Ripple SVP Jack McDonald argued…

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