Senators Thom Tillis and Angela Alsobrooks released a compromise on stablecoin yield in the CLARITY Act, banning yield equivalent to bank deposits but allowing "bona fide activities." Crypto trade ...
The new network could help banks contend with a wave of new competition from stablecoins and crypto firms.
Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing ...
As stablecoins gain traction, banks face a growing risk of disintermediation as deposits migrate to nonbank issuers.
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