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analysis

Banks Want Agent Commerce Rules

Bank of America and Capital One co-authored voluntary principles for agent commerce trust, and Mastercard responded eight days later with enforceable architecture.

analysis

Coinbase Is Becoming the Stablecoin Infrastructure for US Banks

Two of the ten largest US banks now run stablecoin payments through Coinbase's APIs, and the OCC just gave Coinbase a full trust charter.

opinion

Who's Liable When Your Agent Overpays?

Card networks have no reason code for an AI mistake, and nobody has decided who eats the loss.

engineering

Stripe's Crypto Card Settlement Path

A stablecoin card tap triggers two ledgers that have to agree before the merchant gets paid.

analysis

The Protocol War Nobody Wins

Adyen built a universal translator across three agent commerce protocols, and Stripe co-wrote one of them.

ai & ml

Agentic AML Is Shipping

Three companies shipped AI agents that run real AML investigations, and their production numbers don't measure the same thing.

engineering

Your Own Services Are External

Edge-only validation protects against strangers but not against your own services passing bad data.

analysis

Block Wants Two Banks

Block already runs an FDIC-insured bank, so its application for an uninsured trust bank is about which charter fits which asset class.

fintech

How BaaS Providers Actually Work

BaaS providers rent you a bank charter through an API, and the architecture of that rental determines who holds the risk.

analysis

Cloudflare Gave AI Agents a Wallet

Cloudflare Wallets run on stablecoins and a 29-year-old HTTP status code because card networks can't price a sub-cent transaction.

analysis

Visa's Stablecoin Settlement Hit $20 Billion

Visa settles $20 billion a year in USDC across nine blockchains, and it's already using the onchain data to underwrite working capital loans.