Banks must wake up and see what is coming. You need to pivot: the playing field has changed. There is no longer the regulatory moat there has been in the past. Your business will likely die over the next decade if you don’t learn and pick up some new tools.

“Stablecoins are going to grow dramatically over the next five years, driven by the continued growth in the crypto ecosystem, but also existing corporate clients, merchants, particularly the smaller and medium sized ones looking to do cross border finance quicker and faster,” Ronit Ghose, Citi’s global head of future finance told BNNBloomberg.ca, speaking of the latest report Citi released. Check out my post about the report here: https://lnkd.in/gRcHk6r2 On the regulations and government frameworks around digital assets, Ghose is not worried: “If you issue a stable coin in the U.S. under the GENIUS Act, or in Europe under MiCA, you have to follow the rules of MiCA in Europe or the GENIUS act in the U.S. and other jurisdictions around the world,” said Ghose. “Those rules will require clear reserve assets, clear backing. In the U.S., there’ll be largely treasury bills. In Europe, bank deposits.” Check out the interview here: https://lnkd.in/gdpntBX8

"Distributed ledgers and crypto-assets are no longer on the fringes but increasingly are woven into the fabric of the payment and financial systems." - Governor Christopher Waller at Fed's Payment Innovation Conference. Check out the full speech 👇 https://lnkd.in/exbgPvCD

“History repeats: Credit cards started as a niche experiment in 1958. Today, stablecoins are reshaping global finance — faster than anyone expected.” #FinanceRevolution #CryptoTrends #SmartMoney

“History repeats: Credit cards started as a niche experiment in 1958. Today, stablecoins are reshaping global finance — faster than anyone expected.” #FinanceRevolution #CryptoTrends #SmartMoney

Stablecoins will soon become integrated with the U.S. financial payment system. With the signing of the GENIUS Act, the U.S. Department of the Treasury and the NCUA are now crafting rules to define how credit unions, fintechs, and nonbanks can safely issue or use payment stablecoins. These developments could profoundly change how we think about digital payments, reserves, and financial inclusion. For credit union volunteers, leaders, and anyone curious about how stablecoins will fit into everyday payment systems, I posted an accessible introduction on my free Substack. It includes a curated list of resources for those who want to go deeper into this fast-changing space. ➡️ Read the full post here: https://lnkd.in/eaf4fHez 💬 Subscribe (free) to stay ahead as Treasury and NCUA move from policy to implementation on the GENIUS Act’s framework for stablecoins.

For businesses handling multiple currencies, Wallester's 24/7 exchange means funds move when you need them to, not when banks open.

The Bank of England Governor Andrew Bailey recently publicly reflected on the reforms made since the 2008 financial crisis,and made the importance of stability his main point. As he highlighted the distintion between stablecoins and the much higher-risk crypto-assets he showed signs of a softening approach to stablecoins and their potential place in teh UK financial systems. While this has evoked mixed reactions from Fintechs in the UK, those in the digital asset sector are most vocal in their support, believing the move demonstrates a reduction in the historical distrust and scepticism surrounding digital currency and assets. Bailey explained that stablecoins used for retail and wholesale payments fall into the “money category” and that understanding this distinction is important for designing the approach to regulation. Learn more here https://heyor.ca/Mkg1W3 #Fintech #BOE #Stablecoin