SWIFT just built its answer to stablecoins. It runs on bank money, not crypto.
The network that moves the world’s money spent 9 months building a blockchain, and the most important decision it made was what not to put...
Tag : Bank
ECB Warns Stablecoins May Drain Bank Deposits—Here's What That Means
In brief ECB board member Cipollone warned Friday that stablecoin growth could strip European banks of retail deposits, on top of the fees and transaction...
HSBC wins Bank of England approval to enter Digital Securities Sandbox
The Bank of England approved HSBC Orion to go live in its Digital Securities Sandbox, with the first Digital Gilt Instrument transaction expected in the...
Stablecoin growth will erode bank deposits, says ECB’s Cipollone
ECB’s Piero Cipollone said stablecoin adoption could erode bank deposits, but the digital euro will keep banks at the center of payments. European Central Bank...
Trump backs UK stablecoin pact as CLARITY Act faces bank revolt
President Donald Trump has strengthened support for a new UK-US stablecoin framework as the Senate races to advance the CLARITY Act despite growing opposition from...
Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown
In brief The Bank of Thailand is using data analytics to scan for abnormally high-volume trades in stablecoins, especially Tether’s USDT, as part of a...
Bank of Thailand targets USDT and cash flows in gray money crackdown
Thailand’s central bank is stepping up stablecoin surveillance in an effort to crack down on money laundering, illicit finance and “gray money” in the country....
USDC issuer Circle wins final approval for US national trust bank charter
USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First...
Russia's largest private bank, Alfa-Bank, tests crypto trading
Russia’s largest private bank, Alfa-Bank, is reportedly preparing to offer cryptocurrency services as the country continues developing a legal framework for the digital asset market....
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation...