Credit unions managing $25B in assets join stablecoin infrastructure program
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services.
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Chainlink joins European and Korean bank consortia to develop FX settlement network
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement.
CoinMENA, Standard Chartered partner on UAE payment rails
CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch.
Tim Draper Explains Why Bitcoin Is Safer Than Banks in the Quantum Era
Venture capitalist Tim Draper says fears that quantum computing will break Bitcoin (BTC) are misplaced, arguing that traditional banks and the dollars held within them face a bigger security risk.…
Peter Schiff Blasts Jamie Dimon’s Push for Bank-Style Rules on Stablecoins
Economist Peter Schiff publicly broke with JPMorgan CEO Jamie Dimon on June 7, arguing that stablecoin issuers should not be held to the same capital and compliance standards as banks.…
Banks Fear Stablecoins as Yield Threatens Deposit Business: Report
Popular crypto analyst EGRAG CRYPTO has claimed that banks are fighting stablecoins not because they are risky, but because they allow people to hold, move, and potentially earn returns on…
Stablecoin Growth Poses a $500B Risk to Bank Deposits and Net Interest Margins
U.S. banks are increasingly at risk of losing deposits to the digital assets space as stablecoins continue to gain traction. The concern comes amid growing stablecoin adoption, with the total…
Fed to Open Door to Crypto Banking in ‘Trump’s Revenge’
Federal Reserve Governor Chris Waller announced the central bank is proposing a new type of limited-access master account for all eligible institutions to receive direct access to the Fed’s payment…
QNB Joins JPMorgan’s Blockchain Network to Speed Up Dollar Payments
Qatar National Bank (QNB), the country’s largest lender, has adopted JPMorgan’s Kinexys Digital Payments platform to process U.S. dollar corporate transactions. This makes it the first bank in Qatar to…
Turkey Becomes Latest Country to Join Global Bank Account Crackdown
The Turkish government is drafting legislation to expand the powers of its financial crime watchdog, Masak, allowing it to freeze and restrict access to bank and cryptocurrency accounts. The bill…
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