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Lead Bank Cuts Ties with Some Stablecoin Payment Firms

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Lead Bank has cut ties with some stablecoin payment firms, citing risks tied to Know Your Customer compliance and Countering the Financing of Terrorism requirements. The bank has tightened restrictions on customer countries and industries. Stricter identity checks and fund reviews have slowed transaction times and account openings. As one of the few banks handling USD for stablecoin users, Lead Bank’s move affects major platforms like Bridge, BVNK, and Brale.
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