Following the passage of federal legislation, stablecoins are generating a lot of buzz, but are still seeking uses beyond investment. Payment firms are pushing technology to entice merchants and consumers to support the digital asset.

Technology

Quona Capital Management raised $141 million for the Accion Frontier Inclusion Fund, which will invest in companies that provide financial and other services to underserved customers in emerging markets.

Closeup of Amazon's Echo, which uses the company's intelligent personal assistant, Alexa.

Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human.

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Donald Trump Cannabis EO

Moving cannabis from a Schedule I to a Schedule III drug would not legalize cannabis or remove all barriers to cannabis banking, but it would allow operators to write off expenses, increase cannabis customer cash flow and eligibility for favorable loans.

Michelle Bowman

The Federal Reserve said in a statement that its "understanding of innovation products and services have evolved" since the initial guidance was published in 2023.