Barclays carefully studying stablecoins
CEO CS Venkatakrishnan called the class of digital assets “broad and fascinating,” but urged peers to consider how it fits into the current banking deposit framework.
Barclays is currently exploring digital assets, particularly stablecoins, and the opportunities they may offer to the bank in the long term.
During the bank’s Q3 earnings call, CEO CS Venkatakrishnan called stablecoins a “broad and fascinating” subject despite nervousness from investors around potential threats that their issuance may pose to the banking system, particularly in the US, where the Genius Act established the first regulatory framework for stablecoins this year.
“Will it ultimately
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