PwC is transferring deeper into crypto after years of cautious engagement, with the Big Four agency saying the Trump administration’s shift on digital belongings has given company America extra room to behave. Paul Griggs, PwC’s US senior associate, informed the Financial Times the agency determined to “lean in” as Washington put in pro-crypto regulators and…
Tether, issuer of the USDT stablecoin, expects to report a internet revenue of $15 billion on the finish of 2025. This projection comes amid a positive crypto regulatory atmosphere within the United States, driving curiosity in stablecoins and different digital belongings. Tether In Funding Talks With Prospective TradFi Investors In a recent post on Friday,…
Several major US banking associations are urging Congress to tighten new stablecoin regulations, warning that a gap in the GENIUS Act could allow issuers to skirt restrictions on paying interest to holders. Key Takeaways: TUS banking groups want Congress to close a GENIUS Act loophole allowing stablecoin yield via affiliates. They warn yield-bearing stablecoins could…
Chris Gorman, CEO of KeyCorp Bank that manages assets worth $185 billion, said that stablecoin has “a lot of promise,” making it a good solution for clients. Joining CNBC’s ‘Squawk on the Street’ to discuss KeyCorp’s operating environment, he touched down on recent US stablecoin legislation. “When you think about stablecoin, there is really a…