Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
Banks and crypto firms are converging fast, as yield-bearing stablecoins, ETF filings and tokenized markets test the boundaries of financial regulation....
Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins....
Binance Australia has reopened direct dollar deposits and withdrawals after more than two years of disrupted banking access....
Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks....
JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...
Visa has chosen BVNK to power Visa Direct pilots using stablecoins, enabling pre-funded cross-border payouts to wallets in select markets....
The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals....
South Korea is reportedly reviewing exclusive bank partnerships for crypto exchanges as regulators assess competition and prepare the Digital Asset Basic Act....
Societe Generale-Forge said its EUR CoinVertible stablecoin is the first MiCA-compliant digital asset that is “natively compatible” with SWIFT’s interoperability capabilities....
Bankinter joins Tether and BBVA in the $35 million investment round after the Spanish crypto exchange received its MiCA license in 2025....
The integration will enable businesses to fund and receive Visa Direct payouts using stablecoins in select markets....
Belgian bank KBC will launch bitcoin and ether trading for retail investors via its Bolero platform as Belgium’s MiCA regime comes into force....
In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....
Brian Armstrong is set to meet bank CEOs a week after Coinbase pulled support for the crypto market structure bill....
The rules allow banks to combine token activity with payments and financial services under central bank and tech park oversight....
Bitpanda has reportedly tapped Goldman Sachs, Citigroup, and Deutsche Bank to work on the offering, planned for Frankfurt’s stock exchange....
Sygnum predicts US crypto regulation could spur sovereign Bitcoin reserves and accelerate tokenized bond issuance by major financial institutions in 2026....
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform....
Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began pr...