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WSJ Tech News Briefing

TNB Tech Minute: Main Street Banks Could Get Opening to Join Stablecoin Market

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 23 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: German auto-parts company Continental pushes into semiconductors. And the world’s biggest digital camera releases its first photos of deep space. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Monday, June 23rd. I'm Victoria Craig for

0:35.7

the Wall Street Journal. Main Street banks worried about

0:38.5

getting left behind by the push into crypto might soon get an opening. The journal exclusively

0:43.7

reports that financial technology giant FISAV has plans to launch a stable coin and platform

0:49.1

that can be used by clients, including 3,000 regional and community banks. A broad shift to crypto would put deposits

0:56.2

at those more local banks at risk because they're reliant on those deposits to make loans.

1:01.7

If customers were to pull deposits and put the funds into stable coins, it would leave those

1:06.1

banks less room to lend and squeeze a critical revenue source. Elsewhere, German Auto Parts Company Continental

1:12.6

said today it's partnering with semiconductor maker Global Foundries to design its own vehicle

1:17.6

computer chips. The new organization called Advanced Electronics and Semiconductor Solutions will design

1:23.7

and test chips tailored for automotive products of its spinoff Amovio. Continental said the

1:29.2

new unit will reduce geopolitical risk and make the company more self-reliant. And finally, a U.S.-funded

1:35.5

space observatory perched in the Andes Mountains in Chile released its first images of deep space

1:41.8

using the world's largest digital camera. It's the first time a telescope

1:46.1

has been able to peer this far and wide into the cosmos. And for the next 10 years, the

1:51.2

observatory will take photos of the southern sky at 30-second intervals every three to four nights.

...

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