Finance & Banking — Stablecoin infrastructure war accelerates as Anchorage claims 20-bank pipeline, Amazon builds AI-agent payment rails, and U.S. Treasury faces $2 trillion borrowing wall

Finance & Banking · 2026-05-07

Three structural forces collided on May 7. First, the stablecoin plumbing build-out crossed an inflection point: Anchorage Digital claims up to 20 banks and tech firms are queued to issue tokens post-Genius Act, Kraken is acquiring Reap for $600 million to push stablecoin payments into Asia, and Amazon launched AI-agent payment rails with Coinbase and Stripe — creating the first major-platform…