Stablecoins & PaymentsThe stablecoin yield fight banks refuse to drop
Issuers keep the interest earned on reserves. Banks want it kept away from depositors, and the argument has moved from lobbying letters into legislation.
By Colin Traoré ·
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Stablecoins & Payments
Dollar tokens, bank competition, payment rails and the fight over who earns the yield.
Stablecoins & Payments
Stablecoins & PaymentsCircle's quarter is a bet on interest rates it did not place
USDC in circulation grew to roughly $65 billion, but reserve income still dominates revenue, leaving the issuer's results hostage to the Fed.
By Sofia Marchetti ·
Stablecoins & PaymentsThe comment letters are in, and the fight is over one word: affiliate
Treasury's stablecoin rulemaking drew more than 200 responses, most of them circling whether exchanges may pay rewards the statute forbids issuers to pay.
By Colin Traoré ·
Stablecoins & PaymentsWestern Union puts a dollar token on Solana and points it at the weekend
The remittance company is rolling out USDPT, issued by a federally chartered trust bank, aimed at corridors where recipients wait out bank closures.
By Colin Traoré ·
Stablecoins & PaymentsTether's balance sheet keeps growing, and so does its Treasury problem
USDT circulation topped $170 billion while the issuer builds a separate, US-regulated token to satisfy rules its flagship was never designed for.
By Colin Traoré ·
Stablecoins & PaymentsBanks build their own tokens to keep deposits from leaving
A consortium of large US banks is advancing work on a shared deposit-token settlement layer, an answer to stablecoins that keeps balances inside the banking system.
By Colin Traoré ·