Banks' $270m stablecoin bet and a court fight over the CFTC
In short
- Big banks fund their joint digital dollar for five years
- Crypto firms back the CFTC in a Citadel-backed lawsuit
- Visa adds Monad to its stablecoin settlement networks
- Plume affiliate wins licence to put shares in wallets
- BitGo's revenue halves as crypto trading slows
- $270m
Goldman, Citi and other banks commit $270m to a joint stablecoin
Stablecoins
BBVA, CoinDesk - Six firms
Coinbase and Kraken side with the CFTC as Citadel-backed group sues
Regulation
The Block, CoinDesk - $20bn
Visa adds Monad to stablecoin settlement running at $20bn a year
Infrastructure
The Block - H1 2027
Plume affiliate wins US broker licence to put shares in crypto wallets
Markets
CoinDesk - 51%
Crypto custodian BitGo's revenue falls 51% as trading slows
Custody
The Block
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- Goldman, Citi and other banks commit $270m to a joint stablecoinPost to X
- Coinbase and Kraken side with the CFTC as Citadel-backed group suesPost to X
- Visa adds Monad to stablecoin settlement running at $20bn a yearPost to X
- Plume affiliate wins US broker licence to put shares in crypto walletsPost to X
- Crypto custodian BitGo's revenue falls 51% as trading slowsPost to X