Snippings

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Zach Abrams, who co-founded and has been leading Bridge in addition to being interim CEO of Open Standard, will transition to be Open Standard’s full time CEO. 
Open Standard, the nascent stablecoin consortium with more than 140 partners across banking, payments, fintech, and crypto, took steps to formalize its governance structure, founding partners, and leadership as the company prepares to issue OpenUSD later this year.

From: Open Standard’s stablecoin business begins to take shape | American Banker.

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Fraudsters using AI to impersonate senior executives stole €95 million ($108 million) from Fideuram, the private banking arm of Italy’s biggest lender ​Intesa Sanpaolo (ISP.MI), opens new tab, two sources familiar with the matter said on Friday.
More than half the funds were later recovered, but some €36 million remains missing

From: AI messaging scam costs Italy’s top bank Intesa millions, sources say | Reuters.

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Meta says Muse conversations and data will not be shared with its advertising systems. If that holds, the influence shows up in Muse’s recommendations and the transaction fee, not in ad targeting. That is a cleaner business than ads, and a harder one for merchants to audit.

From: Meta’s Muse: The Agent Becomes the Control Point | Noyes Payments Blog.

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Put those together. When the agent picks the credential and Stripe supplies the risk decision, a bank account or stablecoin balance in Link is as good as a card to the merchant, and cheaper. The consumer never sees a button. The merchant sees a Stripe token with Stripe’s risk data. The network becomes optional.

From: Meta’s Muse: The Agent Becomes the Control Point | Noyes Payments Blog.

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Goldman Sachs counts over 2.8 million downloads and a number one ranking among free US iOS apps in the second week (Eric Sheridan et al., Goldman Sachs, “Entering the Agentic AI Era for the Commerce Landscape,” Sep 2026). That is early traction, not proof of commerce volume. Nobody has published purchase data.

From: Meta’s Muse: The Agent Becomes the Control Point | Noyes Payments Blog.

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The focus areas for this workstream include the application of artificial intelligence and agentic payment transactions, and use of a digital euro in public services, such as transportation and mobility services, utility bills, smart city initiatives, financial inclusion, public sector automation and resilience scenarios.

From: ECB invites expressions of interest for digital euro innovation workstreams.

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The Financial Conduct Authority’s latest Feedback Statement on tokenisation in wholesale financial markets is telling in where institutional demand is concentrating.

Collateral mobility emerged as the most frequently cited use case, with tokenised money market funds, real-time margining and faster movement of collateral all pointing toward a more efficient post-trade architecture.

From: Post | LinkedIn.

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One way to improve legibility is to use a structured data format called JavaScript Object Notation for Linked Data (JSON-LD) on a company’s website. This makes the content easier for LLMs to read and understand.

From: Why AI models favor fintechs over traditional banks | American Banker.

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The London Stock Exchange has already announced plans to launch UK tokenised equity structures as part ot their broader work to modernise market infrastructure through initiatives including LSE 24 (their new 24-hour trading venue). Their partnership with Payward will focus on exploring how digital-native access, wallet-based interaction and partner infrastructure could facilitate seamless connectivity between tokenised and traditional infrastructure. Interestingly, separately (and subject regulatory approval) next year the exchange intends to list wrapped equities on LSE24 (they call them “xStocks”).

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If every household used AI agents to optimize the return on their cash balances, banks could lose a large share of the cheap deposits they rely on to make loans, which would be a problem for the entire financial system.

From: Is an Agentic Bank Run Coming? | The Daily Spark | Apollo Global Management.

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