Citibank stated on August 18 that its Custody+ platform will begin holding Bitcoin for institutional clients this year. According to Sigel, Citibank will become the sixth of the 29 global systemically important banks to have launched or announced institutional Bitcoin custody services; previously, BNY Mellon, Standard Chartered, Société Générale, State Street, and Deutsche Bank have done so.
Paying rebate to lure business, excluding the incentive, so how much is the genuine volume?
Peer support, but Alipay does not support. 😅 How could Alipay possibly support this type of foreign exchange transaction?
Perception determines perspective. Anyone with even a basic understanding of finance or regulation knows that Alipay and WeChat Pay are not banks; such payment and stored-value cards, worldwide, all have upper limits and cannot accommodate hundreds of millions in funds. Just as media hype touts token stock trading volumes rising tenfold or eightfold, anyone with even a basic grasp of financial markets knows this is due to wash trading and fabricated volume.
The main question is: what are the use cases? The OCC is urging community banks to apply for payment stablecoin issuer licenses before the January 18, 2027, deadline.
HSBC's Redcoin is different from USDT and USDC; it is a non-bearer coin (registered coin).
McKinsey and Artemis estimate real-economy stablecoin payments at $390B in 2025 - about 0.02% of global payment flows - with B2B the largest share at ~ $226B. Stablecoins have solved how to move money, not how to get paid for goods and services. https://t.co/HrO0mcnyL4
only a tiny fraction of stablecoin payment is real payment.
The table comes from Bitcoin Magazine’s article “Bitcoin Portfolio Insurance: BTC Valuation Models,” by Greg Foss and Jason Sansone, published on March 30, 2022. 4 years later, do you still think Bitcoin has 75% probability become zero or 1% chance become $4.3 million? https://t.co/MAXb3FyJMv
MSTR only dropped 8%? That’s way too little—it’s completely unreasonable. This so-called DAT approach by MSTR should be banned outright. Grayscale used the same tactic before. If MSTR doesn’t transform soon, one major blowup will leave countless retail investors wiped out. https://t.co/UqmQvz6v55
