Starling’s slump.

What we’ll cover today:

💸 JD Vance says stablecoins are good for the dollar

🏦 Starling Bank’s profit drops 26%—what went wrong?

🎤 Upcoming fintech events you can’t miss

JD Vance says stablecoins boost the dollar 💸

JD Vance, U.S. Vice President, told Bitcoin fans that stablecoins aren’t dangerous—they might strengthen the dollar.

🚨 Breaking News
At Bitcoin 2025, Vance backed the GENIUS Act, saying stablecoins are good for the U.S. economy, not a threat.

⚡ Wire Simplified

• JD Vance spoke at Bitcoin 2025 in Vegas.

• He thinks stablecoins can help the U.S. dollar, not hurt it.

• The GENIUS Act aims to regulate stablecoins for safety.

• Some experts worry stablecoins could still cause risks.

• Vance says regulation is key, not banning them.

✔️ Straight to the Point
The U.S. might embrace stablecoins to strengthen the dollar, but risks remain. Let’s see if the GENIUS Act delivers.

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Starling Bank’s profits take a hit 💥

Starling Bank, a big name in U.K. fintech, reported a 26% drop in profits due to COVID loan troubles.

🚨 Breaking News
Starling’s profit fell to £223.4M, hit by a fine and problems from a U.K. COVID-era loan scheme.

⚡ Wire Simplified

• Starling made £223.4M before tax, down 26% from last year.

• The drop is linked to a regulatory fine and COVID loan issues.

• CFO Ferguson says they handled the problem openly with the British Business Bank.

• The COVID loan scheme helped small businesses but had some hiccups.

• Starling says it’s a one-time issue, not a long-term trend.

✔️ Straight to the Point
Starling’s profits dipped due to old COVID loan issues. They’re fixing it, but it’s a rough patch for the bank.

Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore

Book your seat here

Hong Kong FinTech Week 2025
One of Asia’s premier FinTech events, featuring speakers, panels, and exhibitors showcasing innovations in finance and technology.
Date: November 2025 | Location: Hong Kong

Book your seat here

Middle East Banking Innovation Summit 2025
This event highlights the FinTech revolution in the Middle East, focusing on payments, digital currencies, and open banking.
Date: September 2025 | Location: Dubai, UAE

Book your seat here