The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.

Block's transfer service partnered with fundraising and donor management platform Givebutter for philanthropic payments in an effort to capture even more young consumers' payment volume.

The bank is selling a bundle of products that enable businesses to store global currencies inside the U.S. in FDIC-insured accounts, lowering foreign exchange risk and reliance on third parties.

The U.K.-based super app expanded its partnership with Google Cloud as it looks to advance account-to-account payments; Global Payments launches Genius platform in the U.K.; and more in this week's global payments roundup.

The Canadian institution plans a U.S. tokenized deposit, contending that it can help banks keep and grow deposits amid threats from fintech-issued cryptocurrency. Founder and President David Taylor is encouraging others to do the same.

Fintechs are rolling out business financing tools that are packaged as buy now/pay later and earned wage access in the hopes of capturing momentum from the budding consumer finance industries.

The payment company is incenting users to adopt Perplexity's Comet Browser, automating subscription management and shopping as card networks and other payment companies ramp up use of generative artificial intelligence.

The payment company claims the bank is trying to "take advantage" of uncertainty around open banking regulations.

Financial technology veteran Steven Pinado, who assumed the fintech's top role this week, says the demand for an easy checkout experience will drive growth.

U.S. Bank's merchant acquiring unit has expanded its partnership with embedded finance fintech Liberis to offer its small business clients working capital loans.The two companies previously offered loans in the U.K., Ireland and Poland.