Figure Technology Solutions (Nasdaq: FIGR) today announced the launch of YLDS on the Stellar network, marking the first time a regulated, yield-bearing dollar product has been made available on the chain.
YLDS is the blockchain-native fintechโs SEC-registered, USD-pegged stable asset issued by Figure Certificate Company, combining stablecoin liquidity with money market-style yield. The product is designed for regulated entities such as fintechs and neobanks that require compliant on-chain dollar holdings.
"We built YLDS to do what banks do with your deposits: hold dollars, earn yield, move money, but onchain and regulated," โ said Mike Cagney, executive chair of Figure. "Fintechs and neobanks can now access that product on the Stellar network."
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Meta will start using AI to scan photos and videos for visual clues to see if a user is under 13 and should be removed from Facebook and Instagram, the company announced. These visual clues include a personโs height or bone structure.
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State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance โ cash management โ onto blockchain networks.
The move reflects a broader shift among large financial firms exploring how blockchain can update market plumbing. A blockchain-based system can, in theory, allow money to move instantly and around the clock.
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Anthropic PBC unveiled a set of new AI agents designed to handle a broader mix of financial services tasks, part of the companyโs push to win over Wall Street.
The Claude maker is releasing AI agents that it says can draft pitch decks for client meetings, review financial statements and escalate cases for compliance review. The new tools โ 10 in total โ are aimed at professionals across banking, insurance, asset management and financial technology.
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President Donald Trump will host Brazilian counterpart Luiz Inacio Lula da Silva Thursday. The working visit between the two leaders will include discussions on economic and security matters of shared importance, according to a White House official.
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The lawsuit, filed by the Pennsylvania Department of State and State Board of Medicine, centers on whether conversational AI can cross into regulated professional territory. Governor Josh Shapiro framed the case as an early test of accountability in the AI era, particularly in sensitive domains like healthcare.
โWe will not allow companies to deploy AI tools that mislead people into believing they are receiving advice from a licensed medical professional,โ โ Shapiroโs office said.
State investigators say they found multiple chatbot characters presenting themselves as medical professionals. One character, allegedly identified as a psychiatrist and claimed to hold valid credentials. The state noted that more than 45,000 interactions had occurred with this character.
Pennsylvania argues the platform violated its Medical Practice Act. The law bars anyone from practicing medicine without a valid license. The lawsuit asks the court to issue a cease-and-desist order.
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Billionaire Nvidia Corp. director Mark Stevens and his wife Mary are gifting $200 million to the University of Southern California to advance AI research and education across the school.
The donation will help make USC a โnational leader in AI-powered research and creativity,โ the school said in a statement, adding the universityโs school of advanced computing will also be renamed after the couple. USC has plans to introduce a new degree in Artificial Intelligence for Business this fall.
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Australia and Fiji have agreed on a new security and political deal, as Canberra looks to shore up its influence in the region and limit Chinaโs attempts to boost its presence across the Pacific.
The two nations will sign the โVuvale Union,โ a treaty building on an earlier partnership which was first signed in 2019. Vuvale is a Fijian word for family, and the new treaty will cover security, economic and people-to-people ties, Australian Foreign Minister Penny Wong said in Fijiโs capital, Suva.
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Colombian President Gustavo Petro said bitcoin mining could drive significant development in the Caribbean region, similar to what is happening in nearby South American countries. Colombia has abundant renewable energy resources, primarily centered on hydropower, while recently diversifying to solar, wind, and other renewables.
Petro pointed to Venezuela and Paraguay as countries that have managed to attract investment in local bitcoin mining industries with abundant clean energy, according to the post on X.
"This could be the case for Santa Marta, Riohacha, and Barranquilla," โ Petro wrote. "It's an immense boost to the development of the Caribbean."
Petro also said there should be discussions on the matter between himself and the Wayรบu community, the ethnic group indigenous to northern Colombia, so that its people can take part in the bitcoin mining project.
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Indian Prime Minister Narendra Modi held talks with Vietnam President To Lam in New Delhi on Wednesday, with agreements signed across sectors ranging from rare earths to payment systems. The two countries aim to boost bilateral trade to $25 billion by 2030.
"Through new initiatives in critical minerals, rare earths, and โenergy cooperation, we โwill ensure the economic security โand โ supply chain resilience of both countries," โModi said, as the โtwo countries โupgraded โ their relationship to an 'enhanced comprehensive โstrategic partnership'.๐ค
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Hyundai Motor Co.โs robotics (Boston Dynamics) unit released a video showing its production-ready Atlas humanoid robot executing a handstand and transitions into an โL-sitโ โ supporting its entire body weight on its hands. It's a first-of-its-kind live demonstration that could signal the machine is nearing commercialization.
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The process required a few steps. Ripple cashed out a portion of its Ondo Finance Short-Term U.S. Government Treasuries, a tokenized Treasury fund that exists on the XRP Ledger, a public blockchain. At the same time, Mastercardโs network helped trigger the related dollar payment, and J.P. Morganโs Kinexys helped move the money through the banking system across borders.
โThis pilot is an important step towards establishing a framework for institutional-scale tokenized asset markets,โโ Zack Chestnut, head of commercial at Kinexys by J.P. Morgan, said in the statement.
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Ookla Speedtest data from the second half of 2025 indicates that Starlink dramatically improved its download speed performance across all 50 states compared to the second half of 2024. In fact, Speedtest users on Starlink are now able to get median download speeds exceeding 100 Mbps in every state but Alaska.
Much of the reason behind Starlinkโs performance improvements is due to SpaceXโs acceleration of its satellite launches and its new Generation 3 (V3) satellites that are more powerful than earlier versions. SpaceXโs Falcon 9 rocket is able to add dozens of new satellites to the constellation. In February 2026, Starlink had more than 10,000 satellites in orbit. The more satellites a constellation has, the more capacity it has to handle subscribers and the faster speeds it can deliver to more places.
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Egypt opened the first phase of a showpiece monorail project, part of a $4.5 billion plan to connect Cairo with its satellite cities and a new capital in the desert. A 16-stop section that links the new administrative capital to the outskirts of eastern Cairo began accepting regular passengers on Wednesday, the latest mass transit service introduced in Africaโs largest metropolis.
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Samsung's official home page in China now greets visitors with a notice stating that the company has decided to cease sales of all home appliances in mainland China, including TVs and monitors. This decision comes in response โto the rapidly changing market environment.โ
Samsung will continue to provide after-sales service, โin strict accordance with the Consumer Rights Protection Law,โ for customers who have already purchased a Samsung home appliance.
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SpaceX has filed a property tax abatement application in Grimes County, Texas, for a semiconductor fab that would cost $55 billion in its initial phases and up to $119 billion if all planned expansions are completed.
The filing, posted on the county government's website ahead of a public hearing, describes the project as a "multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility" to be built at the Gibbons Creek Reservoir site, roughly 90 miles northeast of Austin.
The county's Commissioners Court will hold the public hearing at 9:00 a.m. on June 3 at the Grimes County Justice & Business Center in Anderson, Texas, where it will consider the abatement agreement. Residents have expressed frustration over the lack of communication from county officials about the project.
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Thailand approved 958 billion baht ($29 billion) of investment projects, led by TikTok System (Thailand) Co.โs planned expansion of data infrastructure as the country pushes to become a regional hub for AI and cloud services.
TikTokโs 842 billion-baht project will add servers and expand data storage and processing facilities across Bangkok and the neighboring provinces of Samut Prakan and Chachoengsao, according to a statement Wednesday from the Board of Investment. The plan also includes digital literacy and e-commerce training programs.
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