Several banking industry groups have urged the Securities and Exchange Commission (SEC) to revoke its recent cybersecurity disclosure rule, citing potential conflicts with confidentiality protocols. The American Bankers […]
Wall Street Banks Team Up for New Stablecoin Challenge
Major Wall Street banks are joining forces to create a new stablecoin project aimed at challenging the dominance of Tether and USDC. This initiative, which aims to reshape […]
Bank Lobby Fears Stablecoins Will Disrupt Traditional Business Model
The banking industry is experiencing growing anxiety over the potential disruptive impact of yield-bearing stablecoins. This concern stems from their ability to compete with traditional banks by offering […]
Banking Lobby Fears Disruption from Yield-Bearing Stablecoins
The U.S. banking industry is showing unease about the potential impact of yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of Zero Knowledge […]