Crypto exchanges commonly offer between 4% and 5% returns on stablecoin balances.

Stablecoin News

Traditional banks may be more exposed to stablecoin regulatory uncertainty than crypto companies, according to Colin Butler, executive vice president of capital markets at Mega Matrix. Butler told Cointelegraph that financial institutions have already spent heavily on digital asset infrastructure. That spending cannot be fully deployed until regulators decide whether stablecoins qualify as deposits, securities, or a separate class of payment instrument.

Several major banks have made meaningful commitments in this space. JPMorgan built its Onyx blockchain payments network. BNY Mellon launched a digital asset custody service. Citigroup tested…