Circle Pursues Global Regulatory Harmony, Tether Allies with Law Enforcement
In the absence of a cohesive regulatory framework, these notable coins have taken divergent paths to navigate the stablecoins landscape.
Аccording to a survey made by Silicon Valley Bank, fintech startups and investors state that regulatory hurdles may cause the biggest issue in the future.
In the absence of a cohesive regulatory framework, these notable coins have taken divergent paths to navigate the stablecoins landscape.
Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods.
According to the Goldman Sachs CEO, the Apple account the large bank powers does not compete directly with Marcus and may not pose any problems.
The IMF has released its weakest global growth forecast in over 30 years as inflation, banking crises, and geopolitical problems bite hard.
With the Federal Reserve refusing to back down on its rate hikes, investors are beginning to turn to risk-on assets to safeguard any potential fallout from hawkish monetary policies.
President Biden has proposed a set of reforms he believes would strengthen banking regulations and avert future crises.
The latest jobless claims indicate that the US labor market is tight amid rising interest rates as applications rose by 7,000.
Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal.
Amid the fallout of the Silicon Valley Bank this month, Circle’s USDC stablecoin saw massive outflows which continue to date. The USDC stablecoin has lost 23% market share in less than a month’s time.
Michael Barr, vice chair for supervision at the Federal Reserve, says that SVB’s deposits were in major trouble on the day regulators seized and took control over the bank.