Patrick Collison, CEO of payments company Stripe, has predicted that stablecoins will eventually force traditional financial institutions like banks to offer higher interest rates on deposits to remain […]
Banking Groups Demand SEC Repeal Cybersecurity Disclosure Rule
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 […]