Noelle Acheson points out that, while banks are unlikely to issue stablecoins, the related businesses they are likely to end up offering could set the stage for a transformation of their relationship with their clients.Adobe Stock Over the past few months, several U.S. banks have either hinted or said outright that they are looking into
As stablecoins gain broader adoption in the U.S., they will eat into banks’ deposits. As a result, lending in the U.S. may be increasingly funded by the wholesale capital markets, write Mike Cagney and Michael Tannenbaum, of Figure.Adobe Stock The “stablecoin summer” of 2025 is in full swing as the proliferation of stablecoins has gone
In the cryptocurrency universe, stablecoins are among those who have received as much spotlight as anyone else. Though Bitcoin and Ethereum had started decentralized finance, they were too volatile for their application in everyday transactions. Stablecoins are where this ended—digital money pegged to stable assets like the U.S. dollar. Among them, however, is USD Coin
On July 18, President Donald Trump signed into law the so-called “GENIUS Act,” which sets rules and guidelines for the cryptocurrency known as stablecoins. These are digital tokens with values pegged to the U.S. dollar, meaning they’re supposed to be less volatile than other forms of crypto. The idea behind stablecoins is that they will
Arthur Hayes got rich, indicted and banned – all before turning 40. He built BitMEX into one of the world’s largest crypto trading platforms, watched it buckle under regulatory and legal fire, and later saw his conviction wiped clean by a pardon from US President Donald Trump. Now, Hayes is back investing – not only
Banks have been concerned about stablecoin issuers coming for their deposits, but the growing popularity of the digital asset could have wider implications, including a reduction in available credit. While stablecoins are still early in their evolution, they are bound to scale massively, Rajeev Bamra, associate managing director, head of strategy, digital economy at Moody’s
Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as banks, triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA). Some market observers were caught by surprise after learning that the first batch of stablecoin licences was only
Did Republicans and Democrats just join forces to put our economy on the path toward crisis? That’s exactly what Mark Copelovitch, a professor of political science and public affairs at the University of Wisconsin-Madison–as well as the author of multiple books about banking–is worried about. In an essay published Thursday in Barron’s, Copelovitch raises alarm
Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an
Firms including crypto payments group Ripple, stablecoin company Circle, and custodian BitGo have applied for national trust bank charters that would allow them to offer select banking services read more Cryptocurrency companies are accelerating efforts to enter traditional banking in the United States, capitalising on what they see as a more favourable regulatory climate under