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Small and regional banks across the United States face mounting pressure from proposed stablecoin legislation moving through the Senate, with industry leaders warning that digital currency competition could trigger significant deposit outflows from traditional banking institutions. The legislation h

The European Central Bank stands poised to cut its key interest rate by 25 basis points Thursday, with markets pricing in a 99% probability for the reduction according to LSEG data. The move would lower the deposit facility rate to 2%, representing half of the mid-2023 peak of 4% that marked the ECB

JPMorgan Chase will allow trading and wealth management clients to use cryptocurrency exchange-traded funds as loan collateral, marking the banking giant's most significant expansion into digital asset financing. The policy applies globally across all client segments and begins with BlackRock's iSha

The California Assembly has unanimously passed Assembly Bill 1180 (AB 1180), a pioneering piece of legislation that aims to integrate digital assets into the state's payment systems. The bill authorizes a pilot program for accepting digital asset payments for state fees, positioning California at th

Swedish buy-now-pay-later pioneer Klarna began testing a debit card in the United States, marking its most direct challenge yet to traditional banking institutions. The Stockholm-based fintech company announced Tuesday it has partnered with Visa to offer consumers both immediate payment options and