Coinbase Dismisses Banks’ Concerns Over Stablecoins as Overblown
The fear among American banks that stablecoins will "absorb" their deposits is unfounded and overlooks the actual potential uses of these assets.
The spread and regulation of cryptocurrencies and blockchain technology in the banking industry and fintech applications.
Coinbase Dismisses Banks’ Concerns Over Stablecoins as Overblown
The fear among American banks that stablecoins will "absorb" their deposits is unfounded and overlooks the actual potential uses of these assets.
Coinbase to Assist Citi in Integrating Stablecoin Payments
Investment bank Citi, in partnership with Coinbase, will explore the potential for implementing stablecoin payments for corporate clients, according to Bloomberg.
Japanese Megabanks to Launch Joint Stablecoin, Reports Nikkei
Japan's three largest banks by market capitalization are joining forces to issue stablecoins tied to fiat currencies such as the yen and the US dollar, according to Nikkei.
Chinese Bank Tokenizes $3.8 Billion Fund on BNB Chain
The Hong Kong branch of China Merchants Bank has tokenized a money market fund with assets worth $3.8 billion on the BNB Chain.
French Bank ODDO BHF to Launch Euro-Backed Stablecoin
Founded 175 years ago, the French bank ODDO BHF has announced the launch of the EUROD stablecoin, pegged to the euro, on the Polygon network.
Visa to Integrate Stablecoins into Visa Direct Platform
Visa will launch a pilot project for prepayments in stablecoins through its Visa Direct service. The initiative aims to expedite international transactions for businesses
Hong Kong to Ease Cryptocurrency Regulations for Banks
The Hong Kong Monetary Authority has announced plans to ease capital requirements for local banks holding cryptocurrencies.
US Banks Urged to Raise Deposit Rates to Compete with Stablecoins, Says Bitwise CIO
US banks should raise deposit rates to compete with the growing popularity of stablecoins, said Bitwise CIO Matt Hougan.
US Banks Surpass Crypto in Money Laundering Volume
From 2020 to 2024, US banks processed transactions amounting to $312 billion for Chinese money laundering networks. The majority of these funds flowed through the traditional financial system rather than cryptocurrencies.We use cookies to improve the quality of our service.
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