Tag: Circle (2)

JPMorgan Now Runs the Tech That Was Supposed to Kill JPMorgan

Sep 18, 2025 • 2 min read

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JPMorgan and global stablecoin adoption representing the irony of banks running blockchain infrastructure

In 2017, blockchain was supposed to destroy banks. By 2025, JPMorgan runs $1B daily onchain, BlackRock tokenizes treasuries, and Circle IPOs at $20B. The irony is sharp, but the lesson is clearer: the revolution didn't fail, we just misunderstood what people actually needed.

#JPMorgan #BlackRock #Circle #Decentralization #Stablecoins #Global South

The GENIUS Act Didn't Regulate Stablecoins. It Broke Their Business Model

Sep 02, 2025 • 3 min read

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Stablecoin , Fintech

Stablecoin reserves shifting offshore while U.S. banks capture yield flows

The GENIUS Act delivers regulatory clarity for stablecoins in the U.S., but at a cost. By eliminating yield on reserves, it destroyed the business model that sustained issuers like Circle. The float hasn't disappeared; it's shifted offshore, to banks, and into new fee structures. This change may crown Tether king of emerging markets and force U.S. issuers to reinvent themselves.

#Regulation #GENIUS Act #Circle #Tether #Banking #Payments #Float Yield