ICYMI: Banking and Stablecoins

 

The rise of digital dollar stablecoins has ushered in a new period of transformation and opportunity for the banking industry. Recent guidance from the US Treasury's OCC allowing banks to custody stablecoins and other crypto assets may signal a watershed moment for the banking industry in the adoption of digital currencies. At the leading edge of this trend sits a diverse group of neo-banks and fintechs that have embraced USD Coin and other digital currencies as a payment and settlement medium. 

 

In a fascinating discussion examining these and other related topics, Money Movement host Jeremy Allaire was joined by Oliver von Landsberg-Sadie, the Founder and CEO, BCB Group, a European neo-bank embracing stablecoins as a core payment medium; Julien Hawle, the Head of Blockchain Lab at Bank Frick & Co. AG, similarly a fast growing European neobank that has adopted USDC as an alternative to SWIFT for international dollar settlements, and Michael Moro, the Chief Executive Officer of Genesis, perhaps the largest institutional lending facility in crypto and whose firm is driving and building significant stablecoin based credit markets.