Banks News
Wells Fargo Signals Crypto Expansion With ‘WFUSD’ Trademark Filing
Wells Fargo has filed a trademark for “WFUSD,” hinting at potential plans for crypto-related financial services tied to a dollar-backed ...
Aussie Crypto Payments Challenger KAST Raises $80M as It Targets the US Market
An Aussie-led, global crypto payments platform has achieved an US$80M raise after rapid growth in less than two years. ...
Banks Divide RWA Rails Between Ethereum and Canton as Tokenised Market Hits $26.4B
Banks are routing real-world asset tokenisation across two rails, Ethereum for open liquidity and Canton Network for private settlement, as ...
Trump Pushes Banks to Strike Crypto Deal, but Analysts Say It Won’t Break CLARITY Act Deadlock
TD Cowen analyst Jaret Seiberg says President Trump’s social media post urging banks to make a deal with crypto firms over stablecoin yiel...
Banks Push Back After Fed Grants Kraken Financial Access to Payment Rails
Banking groups labelled the Federal Reserve's Kraken Financial master account approval "improper," warning it bypasses regulatory safeguards...
Stripe-Owned Bridge Wins Conditional OCC Approval to Become National Crypto Bank
Bridge advances toward federal banking status as regulators implement new US stablecoin rules under the GENIUS Act. ...
Bundesbank Chief Backs Digital Euro and Stablecoins to Boost Payment Independence
As US stablecoin rules advance, Germany’s central bank head backs euro-based digital alternatives to protect monetary sovereignty. ...
White House Pushes Crypto and Banks Toward Stablecoin Compromise
At a White House meeting aimed at easing tensions between crypto firms and Wall Street, industry leaders were left frustrated by banks’ sl...
Stablecoins Could Drain $500B From U.S. Banks, Standard Chartered Warns
Standard Chartered Bank estimates that rising stablecoin adoption could pull as much as $500 billion in deposits out of banks in developed m...
Coinbase CEO Says Big Banks Now See Crypto as “Existential” Priority at Davos
Coinbase CEO Brian Armstrong said banks now see crypto as an existential priority, reflecting a sharp shift in legacy finance’s stance tow...
Circle CEO Dismisses Stablecoin Yield Fears as “Totally Absurd”
Jeremy Allaire said interest-bearing stablecoins do not threaten banks, calling concerns about bank runs “totally absurd” at the World E...
White House Crypto Czar: Banks and Crypto Will Merge Into One Industry
David Sacks says regulatory clarity could merge banks and crypto into a single digital asset industry, but stablecoin yield remains a major ...