<!DOCTYPE html><html lang="en"><head><meta http-equiv="Content-Type" content="text/html charset=UTF-8"><meta charset="UTF-8"><meta name="viewport" content="width=device-width"><meta name="x-apple-disable-message-reformatting"><title>TLDR Fintech</title><meta name="color-scheme" content="light dark"><meta name="supported-color-schemes" content="light dark"><style type="text/css">
:root {
color-scheme: light dark; supported-color-schemes: light dark;
}
*,
*:after,
*:before {
-webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box;
}
* {
-ms-text-size-adjust: 100%; -webkit-text-size-adjust: 100%;
}
html,
body,
.document {
width: 100% !important; height: 100% !important; margin: 0; padding: 0;
}
body {
-webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale; text-rendering: optimizeLegibility;
}
div[style*="margin: 16px 0"] {
margin: 0 !important;
}
table,
td {
mso-table-lspace: 0pt; mso-table-rspace: 0pt;
}
table {
border-spacing: 0; border-collapse: collapse; table-layout: fixed; margin: 0 auto;
}
img {
-ms-interpolation-mode: bicubic; max-width: 100%; border: 0;
}
*[x-apple-data-detectors] {
color: inherit !important; text-decoration: none !important;
}
.x-gmail-data-detectors,
.x-gmail-data-detectors *,
.aBn {
border-bottom: 0 !important; cursor: default !important;
}
.btn {
-webkit-transition: all 200ms ease; transition: all 200ms ease;
}
.btn:hover {
background-color: #f67575; border-color: #f67575;
}
* {
font-family: Arial, Helvetica, sans-serif; font-size: 18px;
}
@media screen and (max-width: 600px) {
.container {
width: 100%; margin: auto;
}
.stack {
display: block!important; width: 100%!important; max-width: 100%!important;
}
.btn {
display: block; width: 100%; text-align: center;
}
}
body,
p,
td,
tr,
.body,
table,
h1,
h2,
h3,
h4,
h5,
h6,
div,
span {
background-color: #FEFEFE !important; color: #010101 !important;
}
@media (prefers-color-scheme: dark) {
body,
p,
td,
tr,
.body,
table,
h1,
h2,
h3,
h4,
h5,
h6,
div,
span {
background-color: #27292D !important; color: #FEFEFE !important;
}
}
a {
color: inherit !important; text-decoration: underline !important;
}
</style><!--[if mso | ie]>
<style type="text/css">
a {
background-color: #FEFEFE !important; color: #010101 !important;
}
@media (prefers-color-scheme: dark) {
a {
background-color: #27292D !important; color: #FEFEFE !important;
}
}
</style>
<![endif]--></head><body class="">
<div style="display: none; max-height: 0px; overflow: hidden;">Stripe acquired crypto wallet startup Valora and separately announced that its Privy unit is partnering with Klarna to build a crypto wallet </div>
<div style="display: none; max-height: 0px; overflow: hidden;">
<br>
</div>
<table align="center" class="document"><tbody><tr><td valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="container" width="600"><tbody><tr class="inner-body"><td>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr class="header"><td bgcolor="" class="container">
<table width="100%"><tbody><tr><td class="container">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" style="margin-top: 0px;" width="100%"><tbody><tr><td style="padding: 0px;">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div style="text-align: center;">
<span style="margin-right: 0px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Ffintech%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/ycpIj49cDgZdBj9n8wWx4dESoMbzkyX2_NFvSXnkgSg=435" rel="noopener noreferrer" target="_blank"><span>Sign Up</span></a>
|<span style="margin-right: 2px; margin-left: 2px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%3Futm_source=tldrfintech%26utm_medium=newsletter%26utm_campaign=advertisetopnav/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/Gn05o24g1gJF80RR-WM-pCoITqpSbUGgOyu4WHkLgxc=435" rel="noopener noreferrer" target="_blank"><span>Advertise</span></a></span>|<span style="margin-left: 2px;"><a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fa.tldrnewsletter.com%2Fweb-version%3Fep=1%26lc=166fc086-84b7-11f0-a46b-2567a0c406a7%26p=93edfb8a-d9a4-11f0-8d85-01a0eed1e478%26pt=campaign%26t=1765807596%26s=03535fb621bba72264e50b6bec91cf156b049870175570304d51c3a1a7417f63/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/9-Z04-0lbzPhmRVK9ZssM_jeVFJg7rzxCvVMIO0xzto=435"><span>View Online</span></a></span>
<br>
</span></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="text-align: center;"><span data-darkreader-inline-color="" style="--darkreader-inline-color:#3db3ff; color: rgb(51, 175, 255) !important; font-size: 30px;">T</span><span style="font-size: 30px;"><span data-darkreader-inline-color="" style="color: rgb(232, 192, 96) !important; --darkreader-inline-color:#e8c163; font-size:30px;">L</span><span data-darkreader-inline-color="" style="color: rgb(101, 195, 173) !important; --darkreader-inline-color:#6ec7b2; font-size:30px;">D</span></span><span data-darkreader-inline-color="" style="--darkreader-inline-color:#dd6e6e; color: rgb(220, 107, 107) !important; font-size: 30px;">R</span>
<br>
</td></tr></tbody></table>
<br>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr id="together-with"><td align="center" height="20" style="vertical-align:middle !important;" valign="middle" width="100%"><strong style="vertical-align:middle !important; height: 100%;">Together With </strong>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fluma.com%2Fggtuq9e3%3Futm_source=tldr-fintech%26utm_medium=3p-newsletter-dec15%26utm_id=finserv-fireside-chat/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/V7DHrMsVbvYizt12WmlxTNYuth2e_edNq9SSjWKBIFo=435"><img src="https://images.tldr.tech/resolve.png" valign="middle" style="vertical-align: middle !important; height: 100%;" alt="Resolve AI"></a></td></tr></tbody></table>
<table style="table-layout: fixed; width:100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;">
<div style="text-align: center;">
<h1><strong>TLDR Fintech <span id="date">2025-12-15</span></strong></h1>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width:100%;" width="100%"><tbody><tr id="sponsy-copy"><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fluma.com%2Fggtuq9e3%3Futm_source=tldr-fintech%26utm_medium=3p-newsletter-dec15%26utm_id=finserv-fireside-chat/2/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/9RiBvRntWj0EsNj_Wrdx2PVLdHdVu3rAk1dBuRXkFNU=435">
<span>
<strong>How FinServ companies like Coinbase, Millennium, and MSCI optimize costs with AI for Prod (Sponsor)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
The cost of running and managing the production systems that power financial applications is ballooning. Observability tooling, code, and headcount are scaling far more rapidly than productivity or velocity.<p></p><p><strong>Can AI finally close the ROI gap?</strong> Resolve AI is hosting an online <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fluma.com%2Fggtuq9e3%3Futm_source=tldr-fintech%26utm_medium=3p-newsletter-dec15%26utm_id=finserv-fireside-chat/3/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/xjR0xUrAfSDp4KrxzZzuEcaK0BpKizQfCDmR0Urw5HA=435" rel="noopener noreferrer nofollow" target="_blank"><span>fireside chat with FinServ leaders</span></a> in January to learn how they're deploying AI across their production systems to resolve incidents, optimize costs, and improve infra and performance with production context.</p>
<p>→ Learn <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fluma.com%2Fagu9mak2%3Futm_source=tldr-fintech%26utm_medium=3p-newsletter-dec15%26utm_id=coinbase-10x-engineering/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/J7c4eGSn4sXwqAhTG_-tLiH_Hd22nZmnPK5Lau2XJXY=435" rel="noopener noreferrer nofollow" target="_blank"><span>how Coinbase delivers 10x engineering output</span></a> using AI across production systems</p>
<p>→ Download the <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fresolve.ai%2Fresources%2Febook%2Fai-sre-buyers-guide%3Futm_source=tldr-fintech%26utm_medium=3p-newsletter-dec15%26utm_id=cost-optimization-ai-sre/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/UcazfHx-lenwvZetQc3qporxhoFkpmYuiRMd858zbqY=435" rel="noopener noreferrer nofollow" target="_blank"><span>free AI SRE buyers guide</span></a> to start delivering cost savings and performance improvements across infra and o11y
</p>
</span></span></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr>
<tr bgcolor=""><td class="container">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td style="padding: 0px;">
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">📱</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>News & Trends</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.paymentsdive.com%2Fnews%2Fstripe-digs-deeper-into-crypto%2F807678%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/q-p61_4p6dIymh51KE4CYD7Tk9OX9qCxfeKca7NBYvs=435">
<span>
<strong>Stripe deepens its crypto push with wallet moves (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Stripe acquired crypto wallet startup Valora and separately announced that its Privy unit is partnering with Klarna to build a crypto wallet, signaling a deeper bet on stablecoins and consumer-facing crypto infrastructure. Together, the moves position Stripe to lower barriers to crypto adoption by embedding wallets and payments directly into mainstream fintech products used by everyday consumers.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.forbes.com%2Fsites%2Fjeffkauflin%2F2025%2F12%2F12%2Ffintech-robo-advisor-wealthfront-gets-a-tepid-wall-street-reception-for-its-ipo%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/oRWqfb-qWUd7UkHJLePLvnO54fbx942_HPgAU8ydiiU=435">
<span>
<strong>Robo-advisor Wealthfront gets a tepid Wall Street reception for its IPO (5 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Wealthfront finally entered public markets after 17 years as a private company, debuting at a $2.1 billion valuation but seeing its stock move only modestly on day one. The robo-advisor has benefited from strong growth in high-yield cash accounts, pushing assets under management to roughly $90 billion and delivering profitability alongside 26% year-over-year revenue growth. The muted reception highlights investor caution toward fintech listings, even as Wealthfront joins peers like Chime and Klarna in testing the public markets.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.paymentsdive.com%2Fnews%2Fcard-fees-creep-onto-restaurant-tabs%2F807634%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/_tQ_wl6BG2oQWVMxIeq4DF67FiF54F51GQVE5_R8_NY=435">
<span>
<strong>Restaurants start passing card fees to diners (5 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Facing rising food, labor, and interchange costs, more restaurants are introducing credit card surcharges or cash discounts to offset swipe fees from Visa, MasterCard, and American Express. While still not universal, industry groups say fee pressure is intensifying, pushing restaurants toward dual pricing as an alternative to raising menu prices.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">🚀</span></div>
</div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Deep Dives & Reports</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.youtube.com%2Fwatch%3Fv=UmXlHkvhPuQ%26utm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/fangcKx35p49S-PbjySem15uLh5pBBIlFd8M5HQyNRc=435">
<span>
<strong>Everest Systems takes on ERP's $50B legacy with an AI-native reboot (40 minute video)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Everest Systems is rethinking ERP from first principles, combining AI-native architecture with decades of SAP DNA to challenge incumbents like SAP and Oracle. Backed by $140M and led by former SAP executives, the company's “system of action” approach aims to break silos, modernize systems of record, and turn ERP from an operational bottleneck into a real-time business enabler.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ffintechbusinessweekly.substack.com%2Fp%2Fpipe-had-just-71m-in-revenue-burned%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/ilyjmvYpsX36bvYkp_wK_SlUaUtBq3xgn0PFN-tzWiw=435">
<span>
<strong>Pipe Had Just $7.1m in Revenue, Burned $47m in 2024, Newly Leaked Docs Show (15 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Pipe raised funding at a valuation of $2 billion in 2021 — earned just $7.1 million in revenue in 2024 and burned nearly $47 million in cash to do it, newly leaked company documents show. The newly obtained documents, which appear to have been prepared for Pipe's Q1 2025 board of directors meeting held in mid-May, generally attempt to paint a positive picture of a company gearing up for the launch of a potentially game-changing partnership: Pipe's integration with Uber.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.cfo.com%2Fnews%2F54-of-gen-z-finance-employees-are-loving-microsoft-excel-cfo-%2F807516%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/VFz3ID62zSxI8wvnnBOhbfJuPKrDDIdb9afyumlXiyc=435">
<span>
<strong>Gen Z is doubling down on spreadsheets (6 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
A new Datarails survey finds 54% of Gen Z finance employees say they love Excel, spending more time in spreadsheets than any other generation and reinforcing its central role in corporate finance. Despite AI and automation hype, younger professionals see Excel as career-critical. Most said they would hesitate to join companies that restrict its use.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">💻</span></div>
</div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Launches & Products</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20251211260682%2Fen%2FMercury-Launches-Premium-Consumer-Banking-for-Builders-and-Founders%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/O6cz-gqdYAeMzHVCS4x1_PDcY8FAP2KjEKC12wUpFvU=435">
<span>
<strong>Mercury brings founder-first banking to consumers (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Mercury has launched Mercury Personal, expanding beyond business banking into premium consumer accounts designed for builders and founders. The subscription-based product combines high-yield savings, investing, shared accounts with granular permissions, and up to $5M+ FDIC insurance in a single dashboard, positioning Mercury as a modern alternative to legacy consumer banks.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2Fr3R057/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/VfjvXpoM9OfLozqX0z-6pFO8Jdg8jkivGPlzkNOCyyo=435">
<span>
<strong>Fifth Third Bank partners with Brex to launch new commercial card offering (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Fifth Third Bank has struck a partnership with fintech Brex to power a new corporate card and expense management offering for its commercial clients. The collaboration lets businesses issue cards, automate expenses, run real-time payments, and deploy AI-driven workflows on Brex's platform, giving Brex reach into an estimated 8% of the US commercial banking market through a single bank partner.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.finextra.com%2Fpressarticle%2F108297%2Fklarna-now-available-on-apple-pay-to-customers-in-france-and-italy%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/IVWykVQtP6Az_ByHkI1FAD2ZTkLyvRTcqPURDsJGKg4=435">
<span>
<strong>Klarna now available on Apple Pay to customers in France and Italy (2 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Klarna, a global digital bank and flexible payments provider, has made its flexible payment products available when checking out on Apple Pay in France and Italy.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">🎁</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><strong><h1>Miscellaneous</h1></strong></div>
</div>
</td></tr></tbody></table>
<table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.bankingdive.com%2Fnews%2Focc-national-trust-bank-charter-approve-circle-paxos-ripple-bitgo-gould-crypto%2F807799%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/yqAW1MB9a6mJVdBpKSFaIznCu_WJh9L2ZKVQeswlbqM=435">
<span>
<strong>Crypto firms step into the banking system as OCC approves Circle, Ripple, and Paxos (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
The OCC conditionally approved national trust bank charters for Circle, Ripple, and Paxos, marking a major step toward bringing stablecoin and digital asset firms under full federal banking supervision. The move boosts institutional confidence in crypto-native infrastructure, even as notable applicants like Coinbase and Stripe's Bridge were left out, underscoring a selective but increasingly open stance from US regulators.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Flinks.tldrnewsletter.com%2F6MNUyu/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/9PffBxReVhEQBcpvxzxBkQgd6ltdwB8GeFfemDnadvc=435">
<span>
<strong>JP Morgan harnesses blockchain for debt issuance amid digital asset adoption boost (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
JP Morgan arranged a $50 million short-term debt issuance for Galaxy Digital using the Solana blockchain, marking one of the earliest uses of public blockchain infrastructure for issuing and servicing securities by a major bank. Coinbase and Franklin Templeton bought the commercial paper, which was tokenized on-chain and settled in USDC, reflecting growing institutional comfort with tokenization as US crypto regulations loosen.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.theguardian.com%2Ftechnology%2F2025%2Fdec%2F12%2Fdo-kwon-cryptocurrency-terraform-labs-co-founder-prison-fraud%23:~:text=Do%2520Kwon%252C%2520the%2520entrepreneur%2520behind,to%2520defraud%2520and%2520wire%2520fraud.%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/FXb0L9kx2GboKm33LDfMAkxdVylzZN6WUrRgI5aj97o=435">
<span>
<strong>Crypto mogul Do Kwon sentenced to 15 years in prison for fraud (5 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
A US judge concluded that the Terraform Labs co-founder misled investors by falsely claiming an automated protocol had restored TerraUSD's dollar peg. Prosecutors said he secretly arranged for algorithmic trading to buy large amounts of the token to artificially support its price, helping inflate demand for both TerraUSD and the linked Luna token.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;"><span style="font-size: 36px;">⚡</span></div></div>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding-top: 0px; padding-bottom: 0px;">
<div class="text-block">
<div style="text-align: center;">
<h1><strong>Quick Links</strong></h1>
</div>
</div>
</td></tr></tbody></table>
<table bgcolor="" style="table-layout: fixed; width: 100%;" width="100%"><tbody><tr><td style="padding:0;border-collapse:collapse;border-spacing:0;margin:0;" valign="top">
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ffinance.yahoo.com%2Fnews%2Fcitadel-shot-andreessen-horowitz-points-115057752.html%3Fref=thisweekinfintech.com%26utm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/IP1qcraCzHjITST7N2dCQznL8vNGFGmcDufooK-Uz3o=435">
<span>
<strong>Citadel's shot at Andreessen Horowitz points to coming battle over DeFi and US stock trading (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
A major market maker has warned regulators that blockchain-based trading of tokenized shares could weaken investor protections and split liquidity across parallel systems.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.finextra.com%2Fnewsarticle%2F47042%2Fbis-and-central-banks-test-post-quantum-cryptography-in-payments%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/IeO1VnqvvRGocS_4BdyxswSSEccKxIW5uG_Qky93Bl4=435">
<span>
<strong>BIS and central banks test post-quantum cryptography in payments (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
The experiment showed that payment systems can already operate using quantum-resistant cryptography, but deploying it safely at scale will require years of preparation, performance optimization, and tight coordination across central banks, networks, and technology providers.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.cfo.com%2Fnews%2Fcfos-expect-inflation-to-linger-through-2027-cnbc-cfo-survey%2F807496%2F%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/eUO5H0cg-mbhS3oxwjXj358arzAJCbPLctRVtVZbieY=435">
<span>
<strong>CFOs see inflation sticking around longer than expected (3 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
A majority of CFOs surveyed by CNBC expect inflation to remain above the Federal Reserve's target through 2027, even as most do not anticipate a recession in 2026.
</span>
</span>
</div>
</td></tr></tbody></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block">
<span>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.americanbanker.com%2Fnews%2Fyoung-bank-customers-are-more-satisfied-than-seniors-survey%3Futm_source=tldrfintech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/mA9_2PExReQt0xglFt6srQlEcVGeBTVfwQIMlRUiKRw=435">
<span>
<strong>Young bank customers are more satisfied than seniors (4 minute read)</strong>
</span>
</a>
<br>
<br>
<span style="font-family: "Helvetica Neue", Helvetica, Arial, Verdana, sans-serif;">
Customer satisfaction at major US banks improved in 2025, but for the first time in at least five years, customers over 65 reported lower satisfaction than younger account holders.
</span>
</span>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td align="left" style="word-break: break-word; vertical-align: top; padding: 5px 10px;">
<p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;">
Want to advertise in TLDR? 📰
</p>
<div class="text-block" style="margin-top: 10px;">
If your company is interested in reaching an audience of fintech professionals and decision makers, you may want to <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fadvertise.tldr.tech%2F%3Futm_source=tldrfintech%26utm_medium=newsletter%26utm_campaign=advertisecta/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/Da3K1n3LYXIQ4bE8maxXOu5siHb5lHetsK00Wv00C28=435"><strong><span>advertise with us</span></strong></a>.
</div>
<br>
<!-- New "Want to work at TLDR?" section -->
<p style="padding: 0; margin: 0; font-size: 22px; color: #000000; line-height: 1.6; font-weight: bold;">
Want to work at TLDR? 💼
</p>
<div class="text-block" style="margin-top: 10px;">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/xxulTccWBbrOStGlCYWr-UkOfNvdHPnCl6idusTQdWE=435" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>Apply here</strong></a>,
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fjobs.ashbyhq.com%2Ftldr.tech%2Fc227b917-a6a4-40ce-8950-d3e165357871/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/S9MFZy542TRSglbTqG4eV3RFS7ZUik_GGnMGH0rNKB4=435" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>create your own role</strong></a> or send a friend's resume to <a href="mailto:jobs@tldr.tech" style="color: #0000EE; text-decoration: underline;">jobs@tldr.tech</a> and get $1k if we hire them! TLDR is one of <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Ffeed%2Fupdate%2Furn:li:activity:7401699691039830016%2F/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/874wwd4qVA2vyPiJ9MaxYwU-l5p1Vw2caF89BLbtbbI=435" rel="noopener noreferrer" style="color: #0000EE; text-decoration: underline;" target="_blank"><strong>Inc.'s Best Bootstrapped businesses</strong></a> of 2025.
</div>
<br>
<div class="text-block">
If you have any comments or feedback, just respond to this email!
<br>
<br> Thanks for reading,
<br>
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Frachitakumar%2F/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/ODNxZ-dH3Kb1oFZ0uGkpIGyVqw_ePP84GE0Qu3GBGag=435"><span>Rachita Kumar</span></a>, <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Fcheungmatt%2F/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/qIj9vBjS1oJeAKQjxFlsYak2OgtmPLZhvz4VqbrSUZo=435"><span>Matt Cheung</span></a> & <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fwww.linkedin.com%2Fin%2Fgabrielsundaram%2F/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/D1x8KiWmwopDrjyxZtFqe5NUJPOSiVc1k8-6rQBI4SA=435"><span>Gabriel Sundaram</span></a>
<br>
<br>
</div>
<br>
</td></tr></tbody></table>
<table align="center" bgcolor="" border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td class="container" style="padding: 15px 15px;">
<div class="text-block" id="testing-id">
<a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Ftldr.tech%2Ffintech%2Fmanage%3Femail=silk.theater.56%2540fwdnl.com/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/N_QYStFThLPLtoRUT1uMnLKNssoy7EzQsLYcSjfOU5k=435">Manage your subscriptions</a> to our other newsletters on tech, startups, and programming. Or if TLDR Fintech isn't for you, please <a href="https://tracking.tldrnewsletter.com/CL0/https:%2F%2Fa.tldrnewsletter.com%2Funsubscribe%3Fep=1%26l=a9f58246-0e2a-11ef-8572-09f6f474b7ba%26lc=166fc086-84b7-11f0-a46b-2567a0c406a7%26p=93edfb8a-d9a4-11f0-8d85-01a0eed1e478%26pt=campaign%26pv=4%26spa=1765807328%26t=1765807596%26s=cdc646af2dbddb59418039ec61d6a5946913334a61c7c0c25413b5181848f350/1/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/K_agawyYnTiDJqrfcgyxRU7tYTPPmzwRCuQWc_-VR9I=435">unsubscribe</a>.
<br>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<img alt="" src="http://tracking.tldrnewsletter.com/CI0/0100019b2255a55e-325533f3-e4c5-4096-ba38-a2f9c06dba78-000000/BlInCZBoNo-XFDehjiZyPwvTuW0f2PR1c7D-p1NPcfY=435" style="display: none; width: 1px; height: 1px;">
</body></html>