Morgan Stanley’s leading cryptocurrency strategist Sheena Shah anticipates the banking industry to capitalize on the demand for stablecoin deposits, reported CoinDesk.Stablecoins, which are often regarded as a bridge between crypto and fiat currencies, have a broad use case in the booming decentralized finance (DeFi) sector.Banks missing out not likelyThe stablecoin market cap … [Read more...] about Morgan Stanley says banks ‘likely’ to capitalize on stablecoin demand
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Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley
The banking industry will most likely try and capitalize on the demand for stablecoin deposits on the back of the market’s exponential growth, Morgan Stanley’s lead cryptocurrency strategist, Sheena Shah, said in a report.Some notable features of these coins is that they provide access to crypto-deposit interest rates and decentralized finance (DeFi). Crypto lenders offer over … [Read more...] about Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley
Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments
After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued its statement, Bitcoin, Ether and a large segment … [Read more...] about Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments