Deals of the Week · Aug 30 – Sep 5. 11 deals. Last month banks were lending against crypto. This week they started issuing on it. The big one: 21 banks - BofA, @Citi , @GoldmanSachs , @UBS , @DeutscheBank , @SantanderMx + more - are forming a joint company to issue a regulated USD stablecoin on public chains. And 7 US banks put $32.5M into Cari, an @ethereum L2 for tokenized commercial deposits. Banks aren't just using the rails. They're building them. Biggest check of the week: Félix - $200M ($87M equity + $113M credit) for WhatsApp remittances on USDC/Stellar. Rest of the board: @OpenReserveBank - $25M, digital bank + rUSD @DiameterPay - $10M, USD account APIs @Firelightfi - $8M, exploit cover @1096361BTC - $8M @aigaealabs - $3.6M @Plenti - $3M @ParlayXOfficial - $1.25M @PolarisProgram - $1M A tokenized deposit is a client's balance and payment flow - onchain. No bank puts that on a public explorer. Private settlement is the part that has to work first.