Visa announced a new Visa Direct pilot that lets businesses fund payouts in fiat while recipients opt to receive funds in USD-backed stablecoins like USDC, enabling near-instant, borderless transfers to on-chain wallets. Revealed at Web Summit and expanded from a SIBOS 2025 pilot, the initiative targets faster, more flexible cross-border payments and financial inclusion in regions with currency volatility or limited banking access.

Gemini, the crypto exchange founded by the Winklevoss twins, reported a strong Q3 performance with net revenue rising 52% to roughly $49.8 million, driven by higher transaction fees and fast-growing services such as its crypto credit card, staking, and custody offerings. Trading volume climbed, and services revenue surged, reflecting Gemini’s push into diversified crypto products and international expansion. This marks Gemini’s first earnings update since its Nasdaq IPO under

The UNI token, native to leading decentralized exchange Uniswap, rocketed nearly 40% to around $9.70 after the Uniswap Foundation and Uniswap Labs unveiled the “UNIfication” proposal—a set of token-friendly updates designed to enhance UNI’s value proposition. Central to the plan is a protocol-level fee switch that will automatically burn collected fees, alongside an immediate burn of 100 million UNI (roughly 16% of the circulating supply).