Partnerships & Ecosystem

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OCC approves Augustus Company to establish the first AI-native stablecoin settlement bank in the United States

According to a May 12 report by Bitcoin.com News, the U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to Augustus (Augustus), allowing the establishment of Augustus Bank, NA, making it the first AI-native stablecoin settlement bank in the U.S. to reach this stage of approval by the OCC. Founding Team Background and Existing Business According to an official Augustus announcement, the co-founder and CEO of Augustus Bank, NA is Ferdinand Dabitz, 25 years old a
GENIUS-4.86%
MarketWhisper·11m ago
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Google Cloud and PayPal executives: AI agent business will run on the crypto payments rails

At Consensus Miami, Google Cloud’s Widmann and PayPal’s Zabaneh said that AI agents cannot use traditional bank accounts and must take a crypto payment route. Google introduced the AP2 open protocol as the payment foundation for AI agents, and donated it to the FIDO Foundation; agents must access via key sharding and cannot transfer funds on their own. PayPal’s PYUSD is seen as a programmable payment layer, and merchants need to have machine-readable directories. Although AI agent traffic is common, the proportion of merchants with machine-readable directories remains low; accountability and multi-party custody issues still need to be defined.
PYUSD0.07%
MarketWhisper·22h ago
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