Tether, Circle to Face Banks, Payment Companies as Stablecoin Industry Evolves, Fireblocks Says

Tether, Circle to Face Banks, Payment Companies as Stablecoin Industry Evolves, Fireblocks Says

Ran Goldi, SVP of payments at Fireblocks, reviews the strategic moves as stablecoin issuers look to corner the market.

BoA steps up stablecoin issuance plans in serious competition with Tether, Circle

The Bank of America is attempting to enter the stablecoin market and is positioning itself against established industry leaders like Tether and Circle.  Pegged to fiat currencies like the US dollar, stablecoins account for billions in daily transaction volumes and traditional banks are unwilling to be left out of the loop. Tech giants like Tether and Circle already dominate the market, but traditional banks like the Bank of America, are moving f…

Bank of America lobbies to dethrone Tether and Circle

Bank of America lobbies to dethrone Tether and Circle Bank of America is lobbying Congress to pass legislation that will favor banks when determining who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) aims to limit non-banks’ legal abilities to create stablecoins. This year, CEO Brian Moynihan has been working with lobbying groups like the American Bankers Association and Bank Policy Institute, according to Th…

Stablecoin turf wars: Bank of America, Tether and Circle battle to shape US rules – MAXBIT

As Congress debates stablecoin legislation, a high-stakes power struggle is playing out between banks, tech giants and crypto firms. Source link

The Upper Hand: Why Stablecoins Will Remain Popular in Argentina After the End of Currency Controls – Crypto News Bitcoin News

The Upper Hand: Why Stablecoins Will Remain Popular in Argentina After the End of Currency Controls The Upper Hand: Why Stablecoins Will Remain …

Stablecoins' dominance due to limitations of US banking — Jerald David – #CryptoUpdatesGNIT

Stablecoins rose to popularity as a result of limitations in the US financial system — particularly restricted banking hours and the lack of a non-USD trading pair, according to Jerald David, president of Arca Labs. “So we start thinking about the reason why, we start talking about the nine-to-five banking hours,” David said during a panel at TokenizeThis 2025 event on April 16. The panel discussion centered on yieldcoins or, essentially, the ri…