The Breakdown The TradFi-Crypto Fusion Is Here
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Oct 8, 2025 Galaxy Digital introduces a new platform that merges crypto, stocks, and yield accounts into one hub. Coinbase is eyeing a banking charter to strengthen its financial offerings. A yield war fueled by stablecoin issuers could reshape global banking profits. Warning signs emerge as $1 trillion might shift from emerging-market banks to stablecoins by 2028. Meanwhile, tech giants are leveraging stablecoins to compete with traditional finance, ushering in a new era of financial integration.
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Unified Trading Platforms Rise
- Galaxy One merges crypto, stocks, and yield into a single platform backed by CrossRiver Bank and Galaxy's institutional lending.
- The product revives retail exposure to integrated financial services similar to past crypto lending platforms.
Stablecoins Force Better Yields
- Stablecoins and integrated apps are pushing deposit yields much higher and pressuring traditional banks' cheap-deposit model.
- Leaders like Patrick Collison argue depositors should earn market returns and fintech will force that change.
Plan For Yield Competition
- Prepare for tech and fintech to compete for retail deposits via stablecoins and yield sharing.
- Firms should plan yield strategies now because consumers will favor higher returns and better UX.