zerohash europe has gained authorization from the Dutch Authority for the Financial Markets to offer regulated crypto-asset and stablecoin services across the European Economic Area. This allows financial institutions to integrate crypto services through a single API while ensuring compliance with EU regulations.

Revolut now allows users to convert USD to USDC or USDT at a 1:1 rate with no fees for amounts up to €500k every 30 days. The platform supports multiple chains for deposits and withdrawals, enhancing its crypto offerings amid plans for a potential proprietary stablecoin.

The article discusses the challenges faced by crypto startups Kontigo and Blindpay after JP Morgan froze their accounts, citing risk controls linked to high-risk regions. It also highlights recent advancements in stablecoin settlements for merchants and the growing influence of fintech companies in the market.

The article discusses recent developments in banking and stablecoins, focusing on JP Morgan's account closures for crypto startups due to risk management concerns. It also highlights the launch of stablecoin settlements by Shift4 and Alipay's new EURO stablecoin, emphasizing the growing relevance of stablecoins in merchant transactions.

Palmer Luckey, co-founder of Anduril, is launching a new crypto-focused bank to fill the gap left by the collapse of Silicon Valley Bank. Backed by tech billionaire Joe Lonsdale and Peter Thiel's Founders Fund, the bank aims to be a heavily regulated entity facilitating stablecoin transactions.

The emergence of Fintech 3.0 is paving the way for a new financial system built on blockchain technology, characterized by instant payments, digital asset control, and regulatory clarity following the GENIUS Act. With the success of stablecoins and the potential for tokenization of various assets, there is a significant opportunity for startups to innovate and build onchain solutions. YC and Coinbase Ventures are eager to support and fund projects that leverage this evolving infrastructure.