# Trenches Today — August 25, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-08-25
Published: 2026-08-25T07:47:20.581Z
Updated: 2026-08-25T07:47:20.581Z
Edition: 20260825
Revision: 3
Content hash: d735cba4cfad112f5fe496113c442f23274cf0b2bc47f1b3cce4637bf27a86dd

> Fasset reached a $1 billion valuation after raising $68 million in funding backed by SBI Holdings to support expanding stablecoin payments and settlements.

## Lead story: Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments push

Fasset reached a $1 billion valuation after raising $68 million in funding backed by SBI Holdings to support expanding stablecoin payments and settlements.

- Fasset reached $1B valuation after raising $68M in funding backed by SBI Holdings.

Original source: [coindesk](https://www.coindesk.com/business/2026/08/22/stablecoin-neobank-fasset-lands-usd1-billion-valuation-as-sbi-backs-its-payments-push)

## Complete edition

### Markets & Macro

#### Treasury’s bond buyback plan fights the market and heightens the danger, billionaire Druckenmiller says

Topic: Markets & Macro · Signal: rails

CoinDesk reported that billionaire investor Druckenmiller argued the Treasury's bond buyback plan fights the market and removes a vital check on government borrowing and fiscal accountability.

Edition link: https://trenchestoday.xyz/editions/2026-08-25#story-story_ff835a22d55bedfd1bf6
Original source: [coindesk](https://www.coindesk.com/markets/2026/08/25/governments-defending-prices-against-fundamentals-always-lose-billionaire-investor-druckenmiller-says)

### Industry & Other

#### Tokenized stocks risk repeating Wall Street’s 1960s ‘paper crisis,’ Fairmint CEO says

Topic: Industry & Other · Signal: rails

CoinDesk reported that Fairmint CEO Joris Delanoue warned tokenized stocks risk recreating Wall Street's 1960s paper crisis through fragmented systems and standards.

Edition link: https://trenchestoday.xyz/editions/2026-08-25#story-story_8ef28cbb5fb4fc53e616
Original source: [coindesk](https://www.coindesk.com/tech/2026/08/22/tokenized-stocks-risk-repeating-wall-street-s-1960s-paper-crisis-fairmint-ceo-says)

#### 63% of Religious Books on Amazon Are Likely AI-Written, Study Finds

Topic: Industry & Other · Signal: rails

Decrypt reported that an Originality.ai analysis of over 2,000 titles found witchcraft books had the highest rate of likely AI-generated content at 78%, while 63% of religious books on Amazon were likely AI-written.

Edition link: https://trenchestoday.xyz/editions/2026-08-25#story-story_b2a0633866c3dd915edc
Original source: [decrypt](https://decrypt.co/376295/religious-books-amazon-ai-written-study)

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## Use and attribution

Trenches Today is a source-linked editorial synthesis. Cite the canonical edition URL and retain links to the original reporting when referring to a specific claim.