Even in the cases of stablecoins that do have U.S. banking relationships, it’s not clear these small banks can quickly perform these functions typically performed by big Street banks. To wit, the Fed’s rescue of MMFs in 2008, in its role as “lender of last resort,” occurred after banks already stepped in on their own. Source link … [Read more...] about Stablecoins’ Tenuous Relationships With Banks
relationships
Americans say cryptocurrencies have a ‘negative’ impact on their relationships
In a recent survey, 60% of US investors reported a decline in the quality of their personal relationships after being involved in the crypto sector, a report on Bloomberg pointed out Sunday.The findings were among the first of their kind, a nod to the adage of money not necessarily equating to happiness.Crypto leads to breakups…perhapsThe study, performed by online survey tool … [Read more...] about Americans say cryptocurrencies have a ‘negative’ impact on their relationships