Banking

U.S. Banking Industry Accuses OCC of Undermining Congress Over New Stablecoin Rewards Rules

The American Bankers Association (ABA) has sharply criticized the Office of the Comptroller of the Currency (OCC) for removing proposed…

4 days ago

SoFi Launches First FDIC-Insured Tokenized Deposit for Consumers Offering 4.40% Interest

SoFi Technologies has launched SoFi Earn (SOFIE), a new blockchain-based banking product that allows consumers to earn 4.40% annual interest…

5 days ago

Sam Altman’s World Targets $40 Billion AI Fraud Threat With New Digital ID System for Banks

World, the digital identity project co-founded by OpenAI CEO Sam Altman, has launched a new identity verification system designed to…

7 days ago

Polygon and TRON Connect $94 Billion in USDT to U.S. Banking System

Polygon Labs and TRON have announced a major integration connecting more than $94 billion in USDT stablecoins circulating on the…

3 weeks ago

SWIFT Launches Blockchain Ledger Pilot With 17 Banks for Tokenized Deposits

SWIFT has launched a new blockchain-based ledger pilot with 17 major banks to test how tokenized deposits can move across financial institutions using existing banking…

4 months ago

Germany’s Local Banks Bring Crypto Trading to Millions as Traditional Finance Embraces Digital Assets

Germany's traditional banking sector is taking one of its biggest steps into cryptocy as the country's local savings banks (Sparkassen) and cooperative banks…

4 months ago

Russia Confirms Digital Ruble Is Ready for Nationwide Launch as Banks Prepare for September Rollout

Russia's Central Bank says "everything is ready" for the nationwide rollout of the digital ruble, with the country's largest banks and retailers set to…

4 months ago

DBS Moves Into Tokenized Gold as Singapore Banks Race to Bring Precious Metals On-Chain

DBS Bank, Southeast Asia's largest bank, is preparing to launch a tokenized gold offering, becoming the latest major financial institution…

5 months ago

Minnesota Becomes First Midwest State to Allow Banks to Offer Crypto Custody Services

Minnesota has officially signed a new law allowing state-chartered banks and credit unions to offer cryptocy custody services, marking a…

5 months ago

Elizabeth Warren Pressures Meta Over Stablecoin Plans Ahead of Key CLARITY Act Votes

Senator Elizabeth Warren is intensifying scrutiny on Meta’s growing stablecoin ambitions as Congress prepares for critical votes surrounding the crypto-focused CLARITY Act. The Massachusetts senator…

6 months ago