Fifth Third Bank Expands Crypto Push Amidst Regulatory Clarity

Cincinnati-based Fifth Third Bank is taking a more active approach to cryptocurrency offerings, driven by regulatory clarity and growing interest in the sector. The bank has seen increased adoption of its crypto services for tasks like payroll and money collection since US regulations have become clearer. Fifth Third is exploring the use of stablecoins to facilitate cross-border transactions, aiming for cost reduction and improved efficiency in value transmission.