U.S. Neobank Slash Shakes Up Finance: Launches Stablecoin with Stripe’s Bridge for Borderless Business Payments

Neobanks just leveled up. Slash—the U.S.-based disruptor—unveiled its own stablecoin today, turbocharged by Stripe's cross-border rails. No more waiting days for settlements or swallowing 3% FX fees.

Why it matters: Traditional banks treat global transfers like it's 1999. Slash's move cuts the middleman, offering near-instant B2B payments at a fraction of the cost. Stripe's infrastructure handles the heavy lifting, while businesses keep more of their cash.

The cynical take: Wall Street will spin this as 'innovation'—right after they finish lobbying regulators to slow it down. Meanwhile, CFOs are already recalibrating their treasury strategies.

Bottom line: When fintechs and crypto collide, old-school banking gets a wake-up call. This isn't just a new payment option—it's a shot across the bow of correspondent banking.