Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned…
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Jitendra K Tuli, the President of Economic & Technical Consultants, wrote an opinion piece in The Times of India saying that BRICS countries and their leaders are not as holy…
In brief
Singapore bank DBS is tokenizing structured notes on Ethereum.
The notes will give investors exposure to crypto markets.
DBS is the latest TradFi institution to move into the tokenization…
In brief
The OCC terminated its consent order on digital assets bank Anchorage Digital.
The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021.
Federally chartered…
Bank of America’s (BAC) rates strategy team said the U.S. Treasury market is increasingly shaped by two emerging forces: stablecoin demand for T-bills and the tokenization of government debt-related assets.…
Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media.South Korea’s state-funded Yonhap News Agency reported…
The United Kingdom imposed sanctions on Kyrgyzstan’s financial sector and crypto networks it said were used by Russia to bypass Western restrictions, targeting an alleged $9.3 billion, ruble-backed stablecoin operation.The…
The "great wealth transfer" is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto friendly Xapo Bank said in a report Wednesday.Over the…
Two of the crypto industry’s leading advocacy bodies are pushing back against Wall Street bankers’ latest attempt to roll back the United States’ newly minted stablecoin law.In a joint letter…