Reports: Embedded Finance Playbook: Implementation Strategies for SaaS Platforms; Global approaches to stablecoin regulation; Strengthening American Leadership in Digital Financial Technology

Let’s dive into this week’s curated collection of fintech reports, whitepapers, and expert guidelines in the latest edition of Fintech Wrap Up. Every resource featured is available for download.

Insights & Reports:

1️⃣ Global approaches to stablecoin regulation

2️⃣ State of European Accounting Tech 2025

3️⃣ If you’re building on stablecoins, choosing the right infrastructure partner can make or break your product.

4️⃣ Strengthening American Leadership in Digital Financial Technology

5️⃣ The GENIUS Act: A Comprehensive Guide to US Stablecoin Regulation

6️⃣ Embedded Finance Playbook: Implementation Strategies for SaaS Platforms

7️⃣ High-Impact Generative AI Use Cases in Finance

---

TL;DR:

Welcome to the latest edition of Fintech Wrap Up.

Stablecoins are no longer just a crypto curiosity—they’ve hit $250B+ in market cap with $27.6T in transfer volume, surpassing Visa and Mastercard. This growth is forcing global regulators into action. While the EU, Singapore, and UAE already enforce rules, the US, UK, and Brazil are still finalizing theirs. Across nine major markets, three principles dominate: 1:1 reserve backing, fast redemption, and segregated custody. Yet major differences around issuer eligibility and cross-border use are creating a fragmented global compliance map.

The U.S. made headlines by enacting the GENIUS Act, setting federal rules for stablecoin issuance—licensed issuers only, full-reserve backing, no interest, and strict custody protections. It’s a long-awaited green light for serious players, but also a barrier for the underprepared.

In Europe, accounting tech remains fragmented, with 60+ tools used across SMEs. Despite this, adoption is accelerating, driven by mandatory e-invoicing and a shift toward real-time, API-driven systems. 73% of SMEs use multiple tools, yet 42% are frustrated with poor integration. AI features are now mainstream, with 54% using them for forecasting and fraud detection. The takeaway? Software integration and automation now outweigh price in buying decisions.

As embedded finance, regulation, and AI reshape fintech, the winners will be those who align product with strategy—and stay ahead of the compliance curve.

Thanks for reading Fintech Wrap Up—we’ll see you in the future of finance.

---

Insights

---

Reports

---

Global approaches to stablecoin regulation

The global stablecoin market is booming, with a $250B+ market cap and $27.6T in annual transfer volume—outpacing Visa and Mastercard. This rapid growth, especially in DeFi, cross-border payments, and emerging markets, is forcing regulators to act. While some jurisdictions like the EU, Japan, Singapore, and the UAE have operational frameworks in place, others including the US, UK, Hong Kong, Brazil, and South Korea are still finalizing their approaches.

Across nine leading jurisdictions, three regulatory pillars are emerging:

- 1:1 Reserve Backing — Stablecoins must be backed by high-quality, liquid, and bankruptcy-remote assets.

- Redemption Rights — Most regulators now require same-day or next-day redemption at par.

- Custody & Safeguards — Segregated custody, typically with licensed third parties, is now standard.

Despite convergence on these principles, regulatory divergence remains—especially regarding issuer eligibility, treatment of foreign stablecoins, and cross-border use—raising risks of regulatory arbitrage and fragmented compliance for global players.

The US passed the GENIUS Act (July 2025), marking a major step toward federal regulation, requiring issuers to be licensed and reserves to be strictly segregated. The CLARITY Act—defining digital assets—is still in the Senate. The EU’s MiCA framework is fully operational, granting licenses to over a dozen stablecoin issuers. It requires full reserve backing, AML compliance, and prohibits interest-bearing stablecoins.

Singapore enforces a tight regime under MAS, mandating redemption within five days and strict segregation. The UAE combines federal (CBUAE) and Dubai-specific (VARA) rules, requiring T+1 redemption and banning foreign stablecoins unless approved. Hong Kong’s Stablecoins Ordinance will go live in August 2025 with similarly strict rules. Japan’s EPIs are regulated under the PSA with a conservative model emphasizing trust structures.