List of Flash News about Fireblocks report
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03:50 |
90% of Banks Deploying Stablecoins: Fireblocks Report Signals Major Shift in Crypto Adoption
According to @AltcoinGordon, citing Fireblocks, 90% of banks are actively rolling out stablecoins. This significant move indicates a rapid institutional embrace of blockchain-based digital assets. For traders, increased stablecoin issuance by banks could boost liquidity and facilitate faster fiat-to-crypto conversions, potentially driving up trading volumes and tightening spreads across major exchanges. The report underscores a trend where traditional finance is increasingly integrating stablecoins, making them core infrastructure for settlement and cross-border payments, which could lead to new arbitrage and yield opportunities for crypto traders. Source: @AltcoinGordon on Twitter, May 18, 2025. |