SoFi’s Crypto Trading: Impacts and Lessons for Financial Inclusion
SoFi’s foray into crypto trading—underpinned by its credentials as the first nationally chartered bank to do so—has raised questions about the implications for financial inclusion, particularly for the unbanked. This intersection of crypto and traditional banking may catalyze broader access to financial services.
Is there a risk of non-bank-backed stablecoins destabilizing financial systems?
While non-bank-backed stablecoins attract interest for their innovative nature, they harbor risks that could destabilize financial systems.
What types of risks do these stablecoins present?
These tokens are plagued by technical vulnerabilities. Smart contracts can be exploited through technical flaws. Cybersecurity threats can target the…
