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Financial technology firms that recently enjoyed soaring profits from high interest rates now confront a challenging transition as rates begin to decline globally. Several major fintechs reported substantial profit increases in recent reporting periods, but industry analysts warn that companies over

Anchorage Digital, the only federally chartered digital asset bank in the U.S., has acquired Mountain Protocol in a strategic move to expand its stablecoin services, while Mountain's primary stablecoin USDM will be discontinued, the company announced Sunday. What to Know: Anchorage Digital will inte

Credit card issuers are preserving elevated interest rates and new fees that were initially implemented to offset a Consumer Financial Protection Bureau (CFPB) rule restricting late fees, even after bank industry groups successfully defeated that rule in federal court last month. Major retail card i

The stablecoin market, once a niche utility for crypto traders, is on the cusp of a dramatic transformation. According to a recent report by Citi’s Future of Finance division, these digital tokens - primarily pegged to fiat currencies like the U.S. dollar - are rapidly evolving from their trading ro

In a policy development that underscores the evolving role of digital assets within the U.S. financial sector, the Office of the Comptroller of the Currency (OCC) has reaffirmed that federally regulated banks can manage cryptocurrency on behalf of customers. Banks may also outsource various crypto-r