Stable News is Lumx’s weekly curation of the key movements in the stablecoin ecosystem and their impact on the digital financial market.
Reading time: 7 minutes
Stripe Launches AI-Powered Payment Performance Suite
Stripe has introduced its new Payments Intelligence Suite, a set of products that leverages artificial intelligence to optimize authorization decisions, disputes, and fraud prevention. A key highlight is the Payments Foundation Model, a transformer model trained on tens of billions of transactions.
In tests with major clients, detection of card testing attacks jumped from 59% to 97% overnight.
Why this matters:
✅ AI is no longer just an analytical layer, it’s now at the core of financial infrastructure
✅ Stripe is positioning itself as a “foundation model” for the digital financial system
✅ The acquiring and processing market may enter a new cycle of differentiation driven by intelligence and performance
Circle Eyes IPO but Leaves Door Open for Acquisition
Sources revealed that Circle, the issuer of the USDC stablecoin, is holding informal talks with Coinbase and Ripple about a possible acquisition, even after filing for its IPO. The company is seeking a $5 billion valuation and reportedly rejected an earlier offer from Ripple in the $4–5 billion range.
The relationship with Coinbase is especially close: the exchange receives 100% of the interest revenue from USDC reserves held on its platform and holds veto rights over Circle’s new strategic partnerships.
Why this matters:
✅ The stablecoin market is moving toward consolidation: few global issuers, tight integration with exchanges, and increasing regulation. USDC may be the first major case.
✅ The decision between IPO or acquisition will be a milestone for the industry.
✅ Circle is a strategic asset—financially and regulatorily—with direct impact on the future of USDC.
Citi, JPMorgan, and BofA Consider Consortium for Bank-Issued Stablecoin
Major US banks are evaluating the creation of a joint venture to issue an institutional dollar-pegged stablecoin. The group includes JPMorgan, Citi, Bank of America, and Wells Fargo, and may also involve fintechs and payment companies.
The proposal follows the progress of the GENIUS Act, a bill that could be signed into law by Trump in 2025 and would establish a clear legal framework for stablecoin issuers in the US.
Why this matters:
✅ A bank consortium for stablecoins would represent a new form of critical infrastructure in the US.
✅ The race for digital dollar dominance is officially on—featuring big banks, fintechs, and governments.
✅ This move could accelerate traditional institutions’ entry into the stablecoin market.
Kraken to Launch Tokenized Stocks on Solana
Kraken will soon allow non-US clients to trade tokenized US stocks as digital assets on Solana through a partnership with Backed. The product, xStocks, will launch with over 50 stocks and ETFs.
According to Kraken, these stocks will be represented as SPL tokens (Solana’s standard), trade 24/7, and can be used as collateral in DeFi applications.
Why this matters:
✅ Tokenization now has a clear use case for equities with global liquidity.
✅ Solana strengthens its position as a network for RWAs, emphasizing performance and low latency.
✅ xStocks may transform equities into programmable, accessible assets integrated with the crypto ecosystem.
Visa Publishes Global Stablecoin Report
Visa’s report, “Stablecoins and the Future of Onchain Finance,” reveals key data about real-world stablecoin usage:
✅ $6.4 trillion in adjusted volume over the past year (+63% YoY)
✅ 40 million unique addresses as of March 2025
✅ Solana surpasses Ethereum in adoption
✅ Over 1.4 billion people live under inflation above 10%
✅ Real use cases include remittances, B2B, corporate treasury, and on/off ramps
Visa already enables 7-day stablecoin settlement and has launched a pilot with BBVA for issuing bank-backed stablecoins.
What stands out is how Visa sees stablecoins not as a threat, but as a new layer of financial infrastructure—a view it reinforces through partnerships, products, and data.
Stable Talks #5: From Asia to LatAm with Arthur Ribeiro of Reap
In the latest episode of Stable Talks, Caio Barbosa sits down with Arthur Ribeiro (Head of LatAm at Reap) to explore how the company is building stablecoin-based payment infrastructure between Asia and Latin America.
Topics covered include:
✅ How Reap enables cross-border payments and corporate cards collateralized with stablecoins
✅ The inefficiencies of traditional systems like SWIFT and the opportunity stablecoins offer in speed and cost
✅ The challenges and opportunities of operating under emerging regulations in the region
✅ A comparison between stablecoin ecosystems in Asia and Latin America
▶️ Listen to Episode 5 – From Asia to LatAm: [Link]
The Era of Smart, Interoperable Stablecoins Is Coming
This edition shows how key players, from Stripe to Citi, Kraken to Visa,are no longer treating stablecoins as a trend, but as infrastructure. With AI, tokenization, regulation, and new operating models, we are entering a more mature and connected phase of the digital financial ecosystem.
Follow Lumx for more insights and updates.
How is Stripe using AI to optimize stablecoin and payment infrastructure?
Stripe launched its Payments Intelligence Suite, leveraging AI through a transformer model trained on tens of billions of transactions. The system improved detection of card testing attacks from 59% to 97% overnight. This shows AI is now at the core of financial infrastructure — not just an analytical layer — and positions Stripe as a foundation model for the digital financial system.
Why was Circle considering both an IPO and acquisition simultaneously?
Circle held informal talks with Coinbase and Ripple about a possible acquisition even after filing for its IPO, seeking a $5 billion valuation. The relationship with Coinbase is especially close — Coinbase receives 100% of interest revenue from USDC reserves on its platform and holds veto rights over Circle's partnerships. This dual strategy reflects how stablecoin market consolidation could reshape the competitive landscape.
What are tokenization consortiums and why are banks forming them?
Tokenization consortiums are groups of banks working together to develop shared infrastructure for issuing and settling digital assets, including stablecoins. Banks like JPMorgan, Citi, and Goldman Sachs are forming these consortiums to create interoperable standards, reduce development costs, and ensure their digital dollar products can compete with crypto-native issuers while meeting regulatory requirements.
How is AI intersecting with stablecoin infrastructure?
AI and stablecoins are converging in multiple ways: AI-powered fraud detection optimizes payment security, machine learning models improve authorization rates and dispute resolution, and the emerging agentic economy envisions AI agents using stablecoins for autonomous transactions. Companies like Stripe and Cloudflare are building infrastructure where AI and programmable money work together as the backbone of the next-generation digital economy.
