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. […]
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Grayscale Sees 3,000 Onchain Vaults With $7B+ as Next Crypto Breakout
Key TakeawaysGrayscale says 3,000+ onchain vaults hold $7B, positioning them as crypto’s next TradFi product.Ethereum, Base, and Solana vaults could...
