A growing coalition of U.S. banks is panic-stricken. They are currently urging lawmakers to rewrite the GENIUS Act, specifically targeting the reward structures offered by non-bank stablecoin issuers. They see the ability for crypto platforms to offer yield on digital dollars as a “loophole” that threatens to siphon deposits away from the traditional banking system. […]
Source link
BNY rolls out tokenized deposits to enhance real-time payments and settlement
Key Takeaways BNY Mellon launches tokenized deposit services on its Digital Assets platform, mirroring client deposit balances for real-time transactions....
