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DOVER, Del.—By any measure, stablecoins have quickly become one of the most talked-about—and least understood—topics in credit union boardrooms. The pressure to “do something” is building, fueled by headlines, fintech momentum and a growing fear of being left behind.

NEW YORK— Consumers overwhelmingly want instant payouts when they are offered, but a new PYMNTS Intelligence report suggests the bigger issue for financial institutions is no longer convincing recipients that faster money is valuable—it is making sure the option is widely available and trusted where it matters most.

NEW YORK—JPMorgan Chase CEO Jamie Dimon is warning that Anthropic’s Claude Mythos represents a “very heightened risk” for the financial system, even as major banks and regulators assess whether the powerful AI model can also be used to identify and fix cyber vulnerabilities before attackers exploit them.

FRANKFURT, Germany—The European Central Bank is studying how to defend against potential cyberattacks powered by Anthropic’s AI model Mythos, even as European officials acknowledge they remain at a disadvantage because the technology has only been made available to select U.S. companies, according to Reuters.

SAN FRANCISCO—Cryptocurrency exchange Coinbase is cutting approximately 14% of its workforce, or roughly 700 employees, as it restructures operations amid a prolonged slowdown in crypto trading activity and a broader push to integrate artificial intelligence deeper into the company’s operations, CoinDesk reported.

WASHINGTON--The Internal Revenue Service’s proposed Trump Accounts rule appropriately confirms that credit unions can serve as rollover institutions. Comments submitted Friday to the IRS by America's Credit Unions contain suggestions to ensure operational rules support this practice. 

FALMOUTH, Maine—Cumberland County FCU has named longtime executive Ryan Grund as its next president and CEO, effective July 1, Mainebiz reported.