AGP Executive Report
Last update: 5 hours agoStablecoin Rules: U.S. bank regulators will let crypto exchanges offer customers interest-like rewards on stablecoin holdings, while barring issuers from paying interest directly. The decision rejects banks’ push for a broader ban and could intensify competition for deposits. Crypto Payments: Visa and Mesh are teaming up to let people pay with crypto or stablecoin balances at more than 175 million merchants, with merchants needing no new hardware. Banking Expansion: Nigeria’s Abbey Bank, formerly a mortgage lender, is preparing to launch as a regional commercial bank next month, broadening its services beyond real estate finance. Startup Funding: Nigerian startups raised $635 million in the first nine months of 2026, more than doubling last year’s total; Moove and Flutterwave accounted for $350 million combined. Fraud Crackdown: The Trump administration says it has prevented $1.6 billion in potential scam losses and frozen nearly $1 billion in cryptocurrency linked to overseas fraudsters.
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