Stripe CEO: Traditional Banks Must Adapt to Yield-Bearing Stablecoins
Patrick Collison emphasizes that yield-bearing stablecoins will compel banks to provide better returns on customer deposits.
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Patrick Collison emphasizes that yield-bearing stablecoins will compel banks to provide better returns on customer deposits.
A planned FDIC meeting will explore rules potentially impacting crypto companies amid concerns of debanking.
The FDIC's upcoming board meeting will address regulations that may alter the relationship between banks and cryptocurrency businesses amidst ongoing debanking issues.
Asian financial institutions are increasingly adopting stablecoins to mitigate the impacts of deposit flight and streamline cross-border transactions.
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
The Office of the Comptroller of the Currency has paved the way for banks to participate in cryptocurrency services, requiring them to demonstrate trustworthiness.
Global banks are moving away from spot cryptocurrencies, now holding only 2.46% in such assets.
Banks are reigniting their interest in digital assets, evaluating critical factors before their reintegration into the market.
The OCC clarifies that federally regulated banks can now engage in cryptocurrency-related activities without prior approval.
Vivek Raman, founder of Etherealize, discusses his transition from banking to cryptocurrency and how he aims to promote Ethereum's adoption among major financial institutions.
Galaxy Digital launches GalaxyOne, a new platform providing traditional and crypto investment opportunities with attractive yields.
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