Following multiple requests from the US Senate Banking Committee for research on stablecoins, the White House Council of Economic Advisers (CEA) has published a study concluding that stablecoins and their yields pose no threat to bank deposits. According to the report, eliminating interest on stablecoins would increase banks’ lending capacity by a mere 0.02% (roughly
The AI news out of OpenAI this week has a sharp edge: the company launched a paid Safety Fellowship offering $3,850 weekly stipends to external researchers studying what could go wrong with advanced AI — announced within hours of a New Yorker investigation reporting that OpenAI had dissolved its internal safety teams and quietly removed
Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday with solid early activity, logging more than 1.6 million shares traded and roughly $34 million in inflows, the bank said. The fund, listed under the ticker MSBT, tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and charges a 0.14% expense ratio. It
A billion dollars in loans originated in a single month — not by JPMorgan, not by Wells Fargo, but by a blockchain-native lending company most people outside of crypto have never heard of. — Figure Technologies quietly crossed that threshold in March, and the implications for real-world asset (RWA) tokenization are hard to overstate. Bernstein,
SEOUL, South Korea – March 2025 – The landscape of digital finance in South Korea has reached a pivotal milestone. Danal Fintech, the blockchain subsidiary of payments giant Danal, and JB Jeonbuk Bank have successfully completed a comprehensive proof-of-concept (PoC) for a South Korean won-based stablecoin. This crucial test validates the entire operational lifecycle of
SEOUL, South Korea – March 2025 – KakaoBank, South Korea’s premier digital-only bank, has declared a definitive strategic pivot for the year, aiming to spearhead the issuance of a Korean won-backed stablecoin. Furthermore, the institution plans a fundamental transformation into an AI-native bank while accelerating its international footprint into Mongolia. This multi-pronged approach positions KakaoBank
XFUNDS has unveiled a new exchange-traded fund (ETF) designed to give investors simultaneous exposure to Bitcoin and short-term US Treasury bonds. The Nicholas Bitcoin and Treasuries AfterDark ETF takes a novel approach by switching its allocations between US Treasuries during trading hours and Bitcoin exposure after US markets close, aiming to capture value from after-hours
Circle (CRCL) stock jumped by more than 7% during the pre-market trading session on April 8 after reports that economists at the White House have dismissed claims that stablecoin rewards have the potential to harm banks. Towards the end of last month, the Circle stock price dropped due to concerns that the CLARITY Act would
In brief Chainalysis projects adjusted stablecoin volume could reach $719 trillion by 2035 through organic growth alone. Volume could hit $1.5 quadrillion when factoring in generational wealth transfer and point-of-sale adoption. The firm estimates $100 trillion in wealth will move from Boomers to crypto-native Millennials and Gen Z between 2028-2048. Stablecoins could be used for