Tag: Stablecoins

Banks, Stablecoins and ETFs Collide in Crypto’s Next Phase

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A sharp fault line is forming across the digital asset industry between crypto products that increasingly resemble regulated financial institutions and a traditional banking sector warning that some of those innovations may be going too far. That tension is on full display this week. JPMorgan is cautioning that yield-bearing stablecoins risk recreating core banking functions without the safeguards built up over decades of regulation.  At the same time, Wall Street’s engagement with crypto continues to deepen, with Morgan Stanley’s exchange-traded fund (ETF) filings signaling what analysts describe as the next…

Galaxy CEO predicts imminent crypto bill passage with compromise on stablecoins

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Key Takeaways Galaxy CEO Mike Novogratz predicts a crypto bill will pass in weeks, thanks to bipartisan interest despite disagreements over stablecoin provisions. A compromise on stablecoins is expected, which may not fully satisfy the crypto industry but would enable the sector’s growth. Share this article Galaxy CEO Mike Novogratz expects the crypto market structure bill to pass within weeks, with a compromise on stablecoins that may not fully satisfy the crypto industry but would allow the sector to progress and grow under regulatory clarity. Speaking on CNBC’s ‘Squawk Box‘…

Major lender Newrez to accept Bitcoin, Ethereum, and stablecoins for mortgage qualification

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Key Takeaways Newrez will start accepting eligible crypto holdings as part of mortgage qualification. The move makes Newrez the first major lender among the country’s top 25 to formally recognize crypto in mortgage origination. Share this article Major US non-bank lender Newrez will allow borrowers to include certain crypto holdings when applying for a mortgage starting in February. Eligible assets are Bitcoin, Ethereum, SEC-approved spot ETFs backed by BTC or ETH, and USD-backed stablecoins. Homebuyers will be able to use these assets for income and asset verification without the need…

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

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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 that large-scale deposit migration would reduce lending capacity and push borrowing costs higher. The comments surfaced after a crypto investor shared a screenshot from Bank of America’s earnings call transcript on X. During the call, Moynihan pointed to Treasury-cited studies showing that a significant share of bank deposits could shift into stablecoins if issuers are allowed to pay interest. He said such products would function more…

Custody giant State Street to roll out new tokenized deposits and stablecoins

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Key Takeaways State Street is expanding into digital assets with a new suite of tokenized products, including money-market funds, ETFs, tokenized deposits, and stablecoins. The firm has shifted from its traditional back-office roles toward active product development within digital assets. Share this article Major custody bank State Street plans to launch tokenized deposits, stablecoins, money-market funds, and ETFs as it grows its footprint in the digital asset market, Bloomberg reported Thursday. The bank plans to collaborate with institutional clients, money managers such as Franklin Resources and Fidelity, and its own…

JPMorgan CFO Warns Yield Stablecoins Threaten Banking System

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Stablecoins emerged as a topic during JPMorgan Chase’s fourth-quarter earnings call on Tuesday, with executives expressing support for blockchain technology while warning that certain stablecoin designs could threaten the regulated banking system. The comments came in response to a question from Evercore analyst Glenn Schorr, who asked about stablecoins in light of recent industry lobbying by the American Bankers Association and ongoing congressional markups related to digital asset legislation. Responding to the question, JPMorgan chief financial officer Jeremy Barnum said the bank’s position aligns with the intent of the GENIUS…

Stablecoins and Crypto Crime Reshaped Regulation in 2025

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As crypto markets entered 2026, one theme became increasingly clear: Last year was less about speculation and more about infrastructure, regulation, and real-world use. Across jurisdictions, regulators and institutions moved from theory to implementation, reshaping how digital assets are supervised and used. A defining feature of this shift was the rise of stablecoins. While Bitcoin (BTC) continues to dominate crypto market capitalization, stablecoins now account for more than half of all onchain transaction volumes globally. Their increasing role in payments, remittances, and trading has placed them firmly in the center…

Role Of Tether’s USDT Venezuela And Iran Highlights Duality Of Stablecoins

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Recent turmoil in Venezuela and Iran has again put the spotlight on the duality of stablecoins, with the US dollar-backed assets such as Tether acting as both a savior for embattled citizens and a tool for blacklisted entities to evade sanctions.  Both Venezuela and Iran have been catching headlines at the beginning of 2026 amid political uncertainty and civil unrest. With both facing a host of sanctions, inflation, political instability, and a cost-of-living crisis, crypto and stablecoins have become an important part of the ecosystem.  Iran’s stablecoin entanglement Iran has…

Vitalik Wants Better Decentralized Stablecoins on Ethereum

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One of the inventors of Ethereum, Vitalik Buterin, argues that Ethereum needs better decentralized stablecoins to truly give people independence from the traditional financial system.  “We need better decentralized stablecoins,” Buterin said in a post to X on Sunday, in response to Gabriel Shapiro, a lawyer at crypto investment firm Delphi Labs, who said Ethereum is “tripling down on disrupting power to enable sovereign individuals.” However, Buterin said for this to happen, decentralized stablecoins need to address three problems. Three problems plaguing decentralized stablecoins One of the problems is that…

Coinbase Bets on Stablecoins, Base and ‘Everything Exchange’ for 2026

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Coinbase intends to prioritize stablecoins, its Ethereum layer-2 Base and building out its exchange products past cryptocurrencies throughout 2026, according to CEO Brian Armstrong. In a New Year’s social media post Armstrong reaffirmed Coinbase’s “everything exchange” strategy, which includes products like prediction markets, equities and commodities. At its year-end conference in December, Coinbase launched stock trading and prediction markets as part of its push. The company has also rebranded its wallet app as an “everything app,” adding social networking and onchain features. Coinbase isn’t alone in broadening its product suite.…