Analyst: Concerns on Stablecoin-Linked Deposit Flight Unwarranted
Stephen Gandel believes that stablecoins rewards will not endanger the banking system and that estimates of deposit flight are excessive. Nonetheless, he acknowledged that the equity returns of banking institutions might...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on Bitcoin NewsRelated market context
HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
Banks in Hong Kong can now settle tokenized deposit transactions with one another 24 hours a day, seven days a week, using tokeniz...
Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million
Bitcoin Magazine Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near...
Standard Chartered launches first tokenized deposit service in Hong Kong
Standard Chartered's move into tokenized deposits signals a shift towards integrating blockchain in traditional banking, enhancing...
Circle Asks SEC to Clarify Cash Treatment for Qualifying Payment Stablecoins
TL;DR: Circle’s comment letter asks the SEC to align its crypto-asset proposal with payment-stablecoin rules. The company’s reques...
Kraken Adds Native USDG Transfers on Arbitrum One
TL;DR Kraken added Arbitrum One deposits and withdrawals for USDG on October 29. The exchange says the token is issued natively on...
Circle’s November 4 Results Will Put USDC Growth and Reserve Economics in Focus
TL;DR Circle has scheduled Q3 results for November 4. The webcast is set for 8 a.m. Eastern, or 13:00 London time. Reserve backing...