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Category banking

Citi Executive Warns Stablecoin Interest Payments Could Drain Bank Deposits Like the 1980s Crisis

Citi Executive Warns Stablecoin Interest Payments Could Drain Bank Deposits Like the 1980s Crisis

Concerns over stablecoins offering interest returns have echoed the 1980s deposit flight, with Treasury data suggesting up to $6.6T in outflows. Ba...
September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

Powell signals labor market risks could push Fed toward September rate cut. Brokerages revise forecasts, now expecting cuts in both September and...
Digital euro may launch on Ethereum or Solana as Brussels scrambles for sovereignty

Digital euro may launch on Ethereum or Solana as Brussels scrambles for sovereignty

The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settl...
Ethereum lands DBS tokenized notes as $1000 units rewrite private banking

Ethereum lands DBS tokenized notes as $1000 units rewrite private banking

Asia’s financial services giant DBS has launched its tokenized structured notes on the Ethereum network for accredited and institutional inve...
Crypto groups endorse Brian Quintenz for CFTC amid regulatory standoff with banks

Crypto groups endorse Brian Quintenz for CFTC amid regulatory standoff with banks

The Crypto Council for Innovation (CCI) and the Blockchain Association jointly issued a letter on Aug. 20 endorsing Brian Quintenz for Chairman of ...