America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half… Read More
A week ago, CoinDesk informed readers of the renewed rotation of funds into dollar equivalents such as tether USDT$0.9987 and USD Coin (USDC) stablecoins as bitcoin BTC$65,658.81 pulled back from the early May highs above $80,000. That combination was an early warning sign of potential… Read More
Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at… Read More
