Tether has launched USAT, a U.S. dollar-backed stablecoin developed to operate within the federal stablecoin framework established by the GENIUS Act. USAT is issued by Anchorage Digital Bank, N.A., a federally regulated stablecoin issuer, and the stablecoin’s designated reserve custodian and preferred primary dealer is Cantor Fitzgerald, Tether said in a Tuesday (Jan. 27) press release. Another Tether stablecoin, USDT, continues to operate globally The post Tether Launches Dollar-Backed Stablecoin Designed to Comply With GENIUS Act appeared first on PYMNTS.com.

Synchrony Financial closed 2025 with fourth-quarter purchase volume of $49 billion, a company record and a 3% year-over-year increase, as spending patterns strengthened across most platforms and co-branded cards continued to gain share, as detailed in fourth-quarter results released on Tuesday (Jan. 27). CEO Brian Doubles said consumer behavior remained steady, adding that the The post Synchrony Says BNPL Lifts Sales Without Hurting Cards appeared first on PYMNTS.com.

Crypto payments network Mesh is planning to expand its network after raising $75 million. The new funding round values Mesh at $1 billion, Bloomberg News reported Tuesday (Jan. 27), and will help the company as it courts FinTech clients in Asia, Europe and Latin America. “We strongly believe that the future of the economy The post Mesh Looks to Court FinTechs After $1 Billion Valuation appeared first on PYMNTS.com.

Rodney Hood, who has served as acting comptroller of the currency and chair of the National Credit Union Administration, will serve as a senior policy adviser to Ally CEO Michael Rhodes.

A bill reintroduced in the U.S. House aims to protect consumers from what its sponsors called “misleading subscription plans” that trick consumers into paying monthly membership fees without their explicit consent. The Unsubscribe Act (H.R. 7048), sponsored by Rep. Mark Takano of California and co-sponsored by Reps. Mark Amodei of Nevada, Seth Magaziner of The post House Bill Aims to Achieve Goals of FTC’s Click-to-Cancel Subscription Rule appeared first on PYMNTS.com.

UPS is no longer optimizing for dominance by volume. And it’s by design. The over-a-century-old shipping and supply chain management company is rounding the bases on its multi-year plan to slash its low-margin Amazon package volume by over 50%, and on Tuesday’s (Jan. 27) fourth-quarter 2025 earnings call management’s language was explicit about the The post UPS Exits Volume Race, Bets on Healthcare, Cross-Border and B2B appeared first on PYMNTS.com.

In a rare look inside a major fintech transaction, Dorfman describes the speed, scale and boardroom logic that led Brex to Capital One.