Big Banks Go Stablecoins: Capital One Buys Brex For $5.15 Billion
Reports say Capital One will buy stablecoin fintech Brex for $5.15 billion in a deal that mixes money and inventory. According to the financial institution’s launch, roughly half of the worth might be paid in money and the opposite half in Capital One inventory. Regulators should nonetheless log out. The two corporations anticipate the transaction…