Stripe rolls out stablecoin accounts in over 100 countries

Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.” The product’s...
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OCC: Banks Can Buy and Sell Their Customers’ Crypto Assets Held in Custody

The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers’ behest — buy and sell crypto assets in custody. The newly explained policy...
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Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says

The Federal Reserve is growing increasingly alert to stagflation risks—an uneasy mix of slowing growth and rising inflation that could challenge policymakers. While Chair Jerome Powell insisted that the economy is in “good shape” and emphasized that the central bank is in “a good position to wait and see,”...
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Bitcoin Hits Critical Mass—Morgan Stanley Flags It As Reserve-Grade

Bitcoin could be getting closer to having a place at the government table. Morgan Stanley states that the world’s largest cryptocurrency is now large enough to be held as a reserve asset by the United States. The bank cited Bitcoin’s $1.07 trillion market capitalization as one of the reasons...
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Crypto.com Expands US Presence with New Washington, DC Office

Crypto.com is growing its U.S. presence with a new regional office in Washington, D.C. This development comes as 21Shares has introduced a new Exchange-Traded Product (ETP) that gives investors regulated access to Crypto.com-supported blockchain Cronos. Return to the American Market According to a May 7 press release shared with...
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Binance’s BNB Chain rebounds amid institutional, DeFi adoption

Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.  During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.  Consequently, the...
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