Banks | Crypto

Ripple just made a move most traders missed.The XRP Ledger rolled out XLS 81. It adds a permissioned DEX directly on chain. Think members-only trading venues. Only approved players can trade and match orders.This is not for retail degens. It is built for banks and regulated firms. Full compliance. KYC. AML. Controlled access. The kind […] The post XRP Price Prediction: Ripple Just Built a “Fast Lane” for Banks – Why Big Money Is Choosing XRP Over Every Other Coin appeared first on Cryptonews.

Crypto’s reputation is improving, but investors still complain that their banks are blocking their accounts for interacting with digital assets. Across the globe, it remains common for crypto users to have their bank accounts frozen and transfers blocked, even as institutional adoption rises. Panos Mekras, co-founder and CEO of blockchain fintech Anodos Labs, began dealing with crypto in Greece in the late 2010s. Most Greek banks didn’t allow transfers to crypto exchanges back then. Mekras experienced blocked card payments until one bank finally permitted his transfers, but first, he was questioned to ensure he understood he was interacting with a “risky” counterparty. Mekras told Cointelegraph that those early rejections are symptomatic of how banks treat digital assets as inherently high risk. That label often led to account closures or sudden freezes without explanation, ultimately pushing his business to rely solely on onchain tools and payment rails. Read more

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill. US Treasury Secretary Scott Bessent has told Congress that traditional and crypto banking products and services may be more intertwined in the future.  Appearing before the Senate Banking Committee on Thursday, Bessent was asked by Republican Senator Cynthia Lummis whether there could come a time when conventional banks and crypto are offering the same types of products. “I think that can happen over time,” Bessent said. “We’ve actually been working with small and community banks to discuss how they can be part of the digital asset revolution.”  Read more

Fidelity announced the launch of a stablecoin on the Ethereum mainnet, positioning the token as a compliance-wrapped settlement dollar distributed through the firm's brokerage, custody, and wealth management channels. The move lands amid what looks like a stablecoin sprawl, as estimates suggest 59 new major stablecoins launched in 2025 alone, per third-party tracker Stablewatch. This […] The post Banks may lose up to $500B after Fidelity’s official token launches on Ethereum with freeze powers appeared first on CryptoSlate.

Banks warn stablecoins could siphon deposits from the banking system, but policy and regulatory experts say there’s little evidence of it happening yet. Banks warn that stablecoins, especially those paying yield, could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that increasing stablecoin adoption could drain bank deposits. The report estimates “that US bank deposits will decrease by one-third of stablecoin market cap,” which stood at $308.15 billion at time of writing, according to DeFiLlama data. The debate has intensified as US lawmakers weigh whether to prohibit interest on stablecoin holdings under a proposed version of the crypto market structure bill, or CLARITY Act, which has been delayed by protests from inside the crypto industry despite banking sector support. Read more

Banks are fighting stablecoin rewards to protect a secret $360 billion revenue machine. When Coinbase chief policy officer Faryar Shirzad posted a thread on Jan. 8 warning that stablecoin rewards “remain under debate” as Congress marks up market structure legislation, he attached numbers that banking groups would rather keep quiet. US banks earn $176 billion […] The post Banks are lobbying to kill crypto rewards to protect a hidden $1,400 “tax” on every household appeared first on CryptoSlate.

Banks risk falling behind if they cling to private blockchains. Upgrading to public, permissioned layer-2 infrastructure with ZK-proofs is essential for modern finance. Opinion by: Igor Mandrigin, co-founder and chief technology and product officer of Gateway.fm For years, private distributed ledger systems, like Hyperledger, have provided banks with a secure means to explore blockchain technology without venturing into public networks. These frameworks delivered privacy, permissioned access and a sense of institutional control — qualities that undoubtedly appealed to traditional finance players when the crypto market was still viewed as the Wild West. The environment has changed fundamentally since then, as tokenized assets, stablecoin settlements and institutional crypto exposure have quickly become the standard. The closed, permissioned models that once spoke to the risk-averse tendencies of banks now hold them back. At this critical geopolitical and macroeconomic juncture, financial institutions need to m...

It started the way these things often do: a screenshot, a red circle, a big number, and a timeline that makes your stomach do a tiny flip. On Dec. 29, the Federal Reserve’s overnight repo line item jumped to $16 billion after printing close to zero on most days. It then slid back to $2.0 […] The post Banks just demanded $26 billion in emergency cash but Bitcoin traders are missing a critical warning signal appeared first on CryptoSlate.

South Korea has missed its self-imposed deadline to introduce stablecoin regulations, as disagreements between banks, financial regulators, and crypto firms slow progress and fuel debate over innovation. The post South Korea Misses Stablecoin Bill Deadline — Banks vs. Innovation Battle Heats Up appeared first on Cryptonews.

The OCC has issued new guidance confirming that U.S. national banks may hold crypto on their own balance sheets to pay network fees and run blockchain services, rolling back Biden-era limits and aligning supervision with a renewed push into digital asset banking. The post The OCC Clears U.S. Banks to Hold Crypto on Balance Sheets for On-chain Operations appeared first on Cryptonews.

Coinbase enters UK retail banking with a 3.75% savings account backed by FSCS protection, positioning itself against traditional banks while offering integrated access to crypto assets. The post Coinbase Launches Savings Account to Rival UK Banks, Offers 3.75% Interest appeared first on Cryptonews.

Fortune 500 fintech leader FIS has partnered with Circle to enable US financial institutions to offer USDC stablecoin payments through integrated infrastructure, combining Circle's USDC functionality with FIS's Money Movement Hub. The post Fortune 500 Fintech Giant FIS Partners with Circle to Bring USDC Payments to US Banks appeared first on Cryptonews.