Stablecoin boom could eat into traditional banks’ profits, warn Jefferies analysts
Digital dollar use in payments and crypto markets may slowly pull deposits from banks, forcing lenders to seek pricier funding, a new report by Jeffries finds. Read more
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Investment firm Multicoin bets ‘Internet Labor Markets’ will drive crypto’s next wave of adoption
According to the firm, the next wave of users that will onboard into crypto will be thanks to networks where users earn crypto by contributing work rather than buying tokens outright. Read more
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Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin yield
As the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits. Read more
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