💳 Nubank is testing stablecoin

What we’ll cover today:

💳 Nubank testing stablecoin credit card payments

⚖️ CFTC chair drama with Winklevoss vs White House

📈 Coinbase offering 10.8% APY on USDC lending

Nubank Bets on Stablecoins 💳

Nubank, Latin America’s biggest digital bank, wants to let people pay credit card bills with U.S. dollar-pegged stablecoins.

🚨Breaking News:
Nubank will test stablecoin-powered payments later this year, led by vice-chairman Roberto Campos Neto, ex-central bank governor of Brazil.

⚡Wire Simplified –

• Nubank is piloting U.S. dollar stablecoin payments on credit cards.

• Goal: bridge old-school banking with blockchain.

• Stablecoins are already booming in Brazil, Argentina, and Venezuela.

• People mostly use them as savings against inflation, not just transactions.

• Rival bank Itaú is also cooking up its own stablecoin.

✔️Straight to the Point –
Nubank wants to future-proof payments with stablecoins. If this works, Latin America’s banks may look less traditional and more crypto.

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White House vs Winklevoss? ⚖️

The White House is stuck picking a new CFTC boss. Nominee Brian Quintenz claims Gemini’s Winklevoss twins meddled in his job chances.

🚨Breaking News:
Brian Quintenz says Tyler Winklevoss pressured him to side with Gemini. After he refused, his nomination for CFTC chair hit pause.

⚡Wire Simplified –

• Brian Quintenz was Trump’s nominee for CFTC chair.

• Gemini’s co-founder allegedly pushed him to help with CFTC disputes.

• Quintenz leaked private texts showing the exchange of messages.

• White House now considers Michael Selig (SEC) and Tyler Williams (Treasury).

• CFTC is still running under Acting Chair Caroline Pham.

✔️Straight to the Point –
Politics, crypto, and Winklevoss drama. The CFTC chair saga is messier than a group chat fight. Regulatory clarity feels far away.

Coinbase Offers 10.8% Yields 📈

Coinbase, the biggest U.S. exchange, now lets users earn up to 10.8% APY by lending USDC directly inside its app.

🚨Breaking News:
Coinbase launched onchain USDC lending via Morpho on Base. Funds are auto-managed in smart vaults with instant withdrawals.

⚡Wire Simplified –

• Users deposit USDC in Coinbase app.

• Funds are routed into Morpho vaults for max yield.

• Yields hit up to 10.8% APY.

• Available in U.S. (except NY), UAE, HK, and more.

• Expands Coinbase’s USDC flywheel across lending, payments, and NFTs.

✔️Straight to the Point –
Coinbase is making DeFi feel like Web2 banking. Easy access, high yields, but let’s not forget, high returns = higher risks.