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Fintech Giants Double Down on Crypto

Weekly Recap: Institutions sign on to Ethereum & experiment with stables.
Fintech Giants Double Down on Crypto
David Christopher David Christopher
Sep 28, 2024 • 4 min read
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It’s been a big week for TradFi.

It’s been a big week for stablecoins, too.

A few reasons it makes sense for payment companies/fintechs to launch their own stables
- make deposits more useful (=more sticky)
- keep generated interest (vs give to another issuer)
- offer users/merchants instant settlement
- reduce interchange/fraud costs for merchants https://t.co/neva6fsLx7

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David Christopher

Written by David Christopher

632 Articles • View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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