stablecoin - Dipprofit

JPMorgan CFO warns stablecoin yield creates ‘parallel banking system’ without regulations JPMorgan’s chief financial officer Jeremy Barnum has warned that stablecoin yield offerings are creating a parallel banking ecosystem that lacks the regulatory safeguards developed over centuries of traditional banking oversight. Barnum made the comments Tuesday during JPMorgan’s fourth-quarter earnings call in response to an…

Edijala Patrick06 mins

Crypto News

4 months ago

Mainland China Firms Reportedly Retreat from Hong Kong Stablecoin Licensing After Policy Shift

Hong Kong’s ambitious push to become a global Web3 hub just hit a significant snag. A bombshell report from local news outlet Caixin on Thursday reveals that mainland Chinese firms operating in the Special Administrative Region are reportedly facing imminent restrictions on their cryptocurrency and stablecoin activities. This development is already forcing major players, including…

Victor Seda010 mins

Crypto News

2 years ago

Ripple’s Stablecoin Launch Teased Again By CTO at Las Vegas Event

In a not-so-recent development in the crypto world, Ripple is set to launch its USD-backed stablecoin this June. At the recent Las Vegas conference, Ripple’s Chief Technology Officer specifically teased some updates on the launch, further revealing that final details will be shared on the XRPL Apex event in June. Ripple’s stablecoin launch, promised to…

Victor Seda05 mins