Weekly Brief
195: Nasdaq's $100M Kraken bet
Stablecoins and tokenized stocks: Nasdaq's Payward deal, U.S. Bank's USBDC pilot, Circle's Tazapay agreement and the Clarity vote.
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What’s Going On — And Why You Should Care.
Sunday, 30 August 2026
Briefings
The Fat Protocol Thesis Is Dead
Why distribution—not protocol ownership—is becoming crypto’s scarce layer.
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CEO Notes
Circle Buys Tazapay: $400M for Fees, Not Float
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CEO Notes
Robinhood built a bigger business that makes less money
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CEO Notes
21 globally systemic banks to launch stablecoin
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Go deeper with institutional research
2026 flagship report · With Proof of Talk
Money Movement 2.0
How stablecoins are rebuilding global finance and commerce.
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51 Adoption Index
See which institutions are moving.
Compare 120 banks and financial institutions across eight observable capabilities.
51 Adoption Index
Institution ranking
Updated Aug 2026
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01
JPMorgan Chase
94
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02
BNY
88
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03
DBS Bank 88
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04
Standard Chartered
88
Overall adoption scoreView all 120 →
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