Archive
Coverage of policy, compliance, supervision, and the regulatory frameworks shaping markets and technology.
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Topic pages create a stronger internal link graph and help readers move from broad themes into the relevant stories.
Topic hubs
These hubs concentrate internal links around the themes most likely to earn repeat visits and long-tail discovery.
Stablecoins & Payments
A reading hub on stablecoin rails, payment networks, treasury workflows, and the compliance layer that now decides who captures the margin.
Agents & Governance
A reading hub on MCP, enterprise deployment, autonomous coding, evals, and the safety layer that keeps agent systems usable in production.
Power Markets & Data Centres
A reading hub on PJM capacity pricing, data-centre load growth, dedicated generation, and the macro effects of energy shocks.
Story index
4 stories
Visa, Mastercard, BitGo, and SoFi have all moved on stablecoin infrastructure in the past fortnight. The competition is not over who issues the stablecoin. It is over who owns the custody, routing, and compliance layers that sit around it.
With the FDIC's April 7 proposed rulemaking implementing the GENIUS Act, the United States formally defined payment stablecoins as a new class of instrument - not securities, not commodities, but a new category of money.
The filing matters less as a branding event than as a structural move. Once a fintech can gather deposits and own more of the economics, product speed and margin structure both change.
When AI agents buy on behalf of users, the hard question is no longer whether the payment cleared. It is who authorized it, who verified it, and who eats the loss if the agent misfires.