Latest Banks News and Insights | Yellow

A senior Citi executive has warned that allowing interest payments on stablecoin deposits could trigger massive outflows from traditional banks, potentially draining $6.6 trillion from the banking system in a scenario reminiscent of the money market fund surge that disrupted finance in the 1980s. Wh

Major finance industry organizations are urging global banking regulators to reconsider restrictive cryptocurrency standards scheduled to take effect in January 2026. The groups argue that evolving market conditions since 2022 have rendered the proposed Basel Committee rules economically prohibitive

Chainlink climbed more than 27% this week, breaking above $21 for the first time since late 2024, driven by expanding institutional partnerships and significant whale accumulation. The oracle network's deepening collaboration with SWIFT now connects over 11,000 financial institutions to public and p

Major financial institutions including Bank of America and Fiserv are preparing to launch dollar-backed cryptocurrency tokens following President Donald Trump's signing of the GENIUS Act on July 18, which established the first federal regulatory framework for stablecoins. However, industry experts c

Paxos Trust Company, the cryptocurrency infrastructure firm that issues PayPal's PYUSD stablecoin, announced Monday it is applying for a national trust bank charter with federal regulators. The move positions the company alongside Circle and Ripple in a recent wave of digital asset firms seeking exp