Eco CEO Ryne Saxe argues that Congress should not hinder stablecoins, which he calls a clear advance in payment infrastructure, to protect community banks.
Chainlink has joined bank consortia in Europe and South Korea to study the use of regulated euro and won stablecoins for real-time cross-border foreign exchange settlement.
Chainlink has teamed up with 47 South Korean and European banks to use stablecoins for multi-million dollar, near real-time currency trades between Europe and South Korea.
Banking industry groups are pushing for Anti-Money Laundering (AML) rules to extend to stablecoin secondary markets, aiming to curb illicit finance risks.
A new campaign by Stand With Crypto UK challenges traditional banks for limiting customer access to regulated cryptocurrency exchanges.
Japanese financial giant SBI Shinsei is pioneering a new initiative, allowing customers to earn cryptocurrency rewards directly from their bank deposits.
A new poll by the American Bankers Association indicates consumers prioritize safety over high yields for stablecoins offered by their main bank, influencing regulatory debates.