Slash introduces a new banking platform that allows users to open a USD account without needing an LLC or other complicated requirements. The service promises no fees for receiving funds and offers cash rewards for account holders. It targets foreign entrepreneurs seeking easier access to U.S. banking.

U.S. senators introduced a draft bill that bans interest or rewards for holding stablecoin balances while allowing incentives linked to specific activities. This measure aims to address concerns from banks about liquidity risks and competition from crypto firms. Key negotiator Senator Angela Alsobrooks proposed exceptions for rewards tied to transactions or staking.

Plumery has launched a new cashback management capability aimed at helping banks provide personalized rewards to their customers. This feature allows financial institutions to better engage users by tailoring cashback offers based on individual spending habits. The initiative is part of a broader trend in fintech to enhance customer loyalty through customized financial incentives.