Tokenized 8 Ways Banks will make money from Stablecoins Ft. Nick Philpott
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Mar 10, 2025 In this engaging discussion, Nick Philpott, Co-founder of Zodiac Markets and expert in cross-border payments, dives into the evolving landscape of stablecoins. He explores Trump's crypto reserve announcement and its industry implications. The conversation highlights how banks can capitalize on stablecoins, discussing regulatory challenges and the potential for stablecoins to transform global trade, especially in commodities. Philpott also addresses the complexities of debanking in crypto finance and the drive for financial compliance that banks must navigate.
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Trump's Crypto Reserve
- President Trump announced a strategic crypto reserve holding Solana, Cardano, and Ripple.
- He later clarified it would include Bitcoin, Ether, and other valuable cryptocurrencies.
De-banking and Regulation
- De-banking of crypto firms is a problem, sometimes due to overzealous risk aversion.
- Clearer regulations are needed, but many firms use the lack of clarity as an excuse for inaction.
Correspondent Banking De-risking
- Correspondent banks de-risk by denying service to local banks working with crypto firms.
- This can push businesses towards alternatives like stablecoins or even lead to misuse of financial tools.