Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
Banks News

While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
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Bank of Korea governor Ryoo Sangdai reportedly said that banks should be the first to issue stablecoins, and they should do so slowly.
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Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal.
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Under Operation Chokepoint 2.0, more than 30 technology and crypto companies were denied banking services in the US after the collapse of crypto-friendly banks in 2023.
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The partnership is part of a broader trend of banks integrating structured BTC yield products into wealth management services.
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The GENIUS Act is one step closer to becoming law in a development that may make stablecoin issuers key players in the US economy.
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BBVA is advising affluent clients to allocate up to 7% of their portfolios to crypto just months after it received permission to offer crypto trading.
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Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change.
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JPMorgan has filed a new trademark that covers a range of potential crypto-services for the bank, which industry commentators speculate could include a stablecoin venture.
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U.S. Bancorp CEO Gunjan Kedia says her bank is looking into stablecoins as its crypto custody business bounces back after struggling under Biden.
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Haun Ventures general partner Diogo Monica claims that stablecoins are safer than commercial bank deposits, but critics warn of transparency issues with issuers like Tether.
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The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge.
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Société Générale’s crypto arm launches its USDCV stablecoin on Ethereum and Solana, with BNY as custodian and a global rollout aimed at trading and settlement.
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At least 60 Bitcoin strategy adopters among publicly listed companies collectively doubled BTC holdings in the past two months, outstripping the buying speed of Michael Saylor’s Strategy.
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Paris-based Blockchain Group acquired $68 million in Bitcoin, bringing its total holdings to 1,471 BTC amid rising institutional interest in crypto treasury strategies.
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