PANews January 23 News, technology-based financial services company Capital One has agreed to acquire fintech company Brex with 50% cash and 50% stock( each), in a deal valued at $5.15 billion, integrating it into its commercial banking and payments business. The transaction is expected to be completed by mid-2026, with Franceschi continuing to oversee Brex's integration into Capital One's commercial banking and payments division. Brex previously announced plans to launch native stablecoin instant payment functionality.

Capital One agrees to acquire fintech company Brex for $5.15 billion, with a payment method of 50% cash and 50% stock. Brex focuses on providing credit card and cash management tools for businesses and plans to launch stablecoin payment features. This acquisition will strengthen Capital One's position in the emerging payment technology sector.

Odaily Planet Daily reports that according to official disclosures, Circle's USDC in circulation at the end of Q3 reached $73.7 billion, an increase of 108% year-over-year; total revenue and reserve interest totaled $740 million, up 66% year-over-year; net profit was $214 million, a 202% increase year-over-year; and adjusted EBITDA was $166 million, up 78% year-over-year. In terms of operations, over 100 institutions have participated in the Arc testnet, and the official team is exploring issuing native tokens on the Arc network; Circle Payments Network has onboarded 29 financial institutions, with a reserve pipeline of approximately 500 institutions; and new partnerships have been established with Brex, Deutsche Börse, Finastra, Fireblocks, Kraken, Itaú, and