A recent report from banking regulators says the digital assets pose too big a risk to the financial system to be issued by state-chartered entities that don’t have deposit insurance. Stablecoin issuers and others reject that claim and say regulators are discouraging competition.
Read the full article at: www.americanbanker.com
Source: https://www.lendacademy.com/should-stablecoin-issuance-be-confined-to-fdic-insured-banks/
More from Lend Academy
Avista secures $22.5M in debt to lend to the elderly in Colombia
Source Node: 2014969
Time Stamp: Mar 17, 2023
Equity Crowdfunding Filling the Shoes of Early-Stage VCs with Great Success
Source Node: 2374938
Time Stamp: Nov 9, 2023
New CFPB chief vows tough oversight of big tech, large banks
Source Node: 1299068
Time Stamp: Oct 28, 2021
Rocket Mortgage aims to expedite mortgage services to local banks and credit unions
Source Node: 1367549
Time Stamp: Nov 2, 2021
Open Finance turns three years in Brazil. Can it become as popular as Pix?
Source Node: 2489946
Time Stamp: Feb 21, 2024
ComplyAdvantage opens free startup crimefighting program to North America
Source Node: 1136063
Time Stamp: Oct 15, 2021
Mexican fintechs Klar, Konfio tap $100M debt lines to boost lending
Source Node: 2226915
Time Stamp: Aug 21, 2023
Baubap raises $20 million in debt financing to expand micro-lending platform in Mexico
Source Node: 1893590
Time Stamp: Jan 12, 2023
Fintech Nexus Newsletter (March 25, 2024): Chime planning a potential 2025 IPO
Source Node: 2525701
Time Stamp: Mar 25, 2024
Nubank, fintechs take the lead in Open Finance in Brazil
Source Node: 2184986
Time Stamp: Jul 25, 2023
Real-world asset tokens – a ‘killer use case’ for blockchain
Source Node: 2145933
Time Stamp: Jun 23, 2023
Jack Dorsey’s Block completes $29 billion acquisition of Afterpay
Source Node: 1600228
Time Stamp: Feb 2, 2022