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JPMorgan is making moves in the digital asset world with its JPM Coin. It’s not just another cryptocurrency; this is a digital deposit token built for big institutions. Think of it as a way for banks ...

Patrick Witt said foreign demand for dollar stablecoins can send new funds into US banks. Banking groups warned yield-bearing stablecoins could pull deposits from traditional banks. The GENIUS Act ...

Summary is AI generated, newsroom reviewed. ABA Chair-elect Julie Hill warns stablecoins could drain traditional bank deposits. Declining deposits may hurt rural lending and reduce funds for community ...

Payment stablecoin holders won’t be eligible for federal deposit insurance even if their assets are held at insured banks, the federal regulator charged with overseeing the bank backstop said. The ...

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