PNC CEO Bill Demchak said on Friday’s earnings call that stablecoins should be treated either as payment instruments or as money-market-style investment products, not both. He warned the dual role creates regulatory and liquidity uncertainty for banks and consumers.
President Alexander Lukashenko signed a decree letting companies in Belarus’ High-Tech Park integrate token services with traditional banking. The move formalizes a pathway for token issuance, custody and payment rails tied to banks.
Glory Bank will merge with Digital Asset Acquisition Corp to form OGB Financial, which plans to list on Nasdaq under the ticker OGB. The move combines a regional bank with a digital-asset-focused SPAC to pursue broader product and capital opportunities.
Standard Chartered is preparing to offer a crypto prime brokerage aimed at institutional clients, leveraging its roughly $850 billion in assets. The move underscores growing bank-led infrastructure for institutional crypto access.
The American Bankers Association told the U.S. Senate that yield-bearing stablecoins could pull as much as $6.6 trillion from bank deposits and undermine lending. JPMorgan says the threat is overstated.
Major Wall Street banks are shifting infrastructure onchain, rolling out tokenized deposits, backing stablecoins, and supporting spot Bitcoin exposure. The move marks a broad institutional embrace of crypto primitives within traditional finance.
Ripple’s president signaled a forthcoming major partnership as analysts peg the company at a $40 billion valuation, touting the XRP Ledger as the backbone banks will use when stablecoins become mainstream rails.
Bank of America is advising clients to consider holding up to 4% of portfolios in digital assets, reflecting growing Wall Street institutional acceptance. The guidance signals a cautious, strategic embrace of crypto rather than a full endorsement.
Telcoin (TEL) has used its Nebraska-chartered bank to issue $10 million of eUSD on Ethereum and Polygon, marking the first time a US-chartered bank has launched a stablecoin on public blockchains under a regulated framework.
Sberbank has issued a pilot loan to a Russian miner secured by cryptocurrency collateral, marking a first for the bank and the country. The move is being framed as an early step toward closer integration of digital assets with traditional finance.