Tag: Stablecoins

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BofA CEO Warns Interest-Bearing Stablecoins Could Pull $6T from Banks

Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing...

Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending

Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars...

PNC Bank CEO says stablecoins must choose: be a payment tool or a money market fund

During an earnings call on Friday, CEO Bill Demchak urged a clear split between payment tools and investment vehicles.

HR services provider Gusto taps Zerohash to speed up global payouts with stablecoins

Payroll and HR platform Gusto is piloting stablecoin payouts powered by Zerohash, aiming to cut cross-border payment times.

Bank of America CEO says stablecoins could drain trillions in bank deposits

BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank...

Societe Generale works with Swift to settle tokenize bonds using cash and stablecoins

The bank’s digital asset division SG-FORGE used its MiCA-compliant EUR CoinVertible stablecoin.

Congress must bar interest on payment stablecoins to avoid harming Main Street lending

Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman...

Stablecoins or Bitcoin Salaries? How Regulation Is Shaping Pay Choices

What is crypto payroll? Crypto payroll refers to paying employee salaries using blockchain-based digital currencies. Employers may use crypto payroll...

Ethereum Needs Better Decentralized Stablecoins, Buterin Says

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum needs “better decentralized stablecoins,” Vitalik Buterin said this weekend, arguing that...

The Future of Stablecoins: A Global Financial Shift

ABOUT USThe Fintech Times is the world’s first and only newspaper dedicated to fintech.Published Bimonthly, the Fintech Times explores the explosive world of financial...