EV Startup Faraday Future Launches $10 Billion Crypto Strategy
Faraday Future Intelligent Electric Inc. announced on August 17, 2025, the launch of its “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem Strategy, aiming to integrate artificial intelligence (AI)-driven electric vehicles (EVs) with Web3 technologies and cryptocurrency investments.
The initiative includes the introduction of the C10 Index, a diversified crypto asset basket, and the C10 Treasury plan, marking the first such program by a U.S.-listed company, with Phase 1 allocating $500 million to $1 billion starting with an initial $30 million next week and a long-term vision scaling to $10 billion. This strategy seeks to connect the EV industry with Web3 capital, creating mutual amplification of shareholder and industrial value through separate but interconnected EV and crypto business entities. The announcement was made during Monterey Car Week, emphasizing transparency, compliance, and innovation in blending mobility with blockchain applications.
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Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
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