The XRP Ledger is seeing strong institutional adoption, yet the XRP token remains stuck around $1.30. Fee burn, reserve requirements, and bridge-currency mechanisms all face structural limits, while Ripple's RLUSD stablecoin may further reduce token demand.
US banking groups say the White House focused on the wrong policy question in its stablecoin yield analysis, arguing the bigger risk is deposit migration if yield-bearing stablecoins scale.
Bloomberg reports five major US banking groups jointly demand changes to the CLARITY Act stablecoin yield compromise, fearing activity-based rewards could drain deposits. The May 14 markup will be decisive.
A tentative deal on stablecoin yield is giving new momentum to the CLARITY Act, with lawmakers and White House officials trying to resolve one of the bill’s biggest sticking points.
U.S. major banks, led by The Clearing House, are building a shared blockchain network to tokenize deposits by 2027. The move targets stablecoin competition in payments, with JPMorgan already testing deposit tokens while Citi and BofA hold different views.
Morgan Stanley launched the spot Bitcoin ETF MSBT with a 0.14% fee, giving 16,000 advisors access tied to $6.2 trillion in client assets. The report also highlighted gains in Bitcoin, Ether and XRP, while Pepeto’s presale reached $8.84 million.
The source focuses on how a US bank closure story is feeding crypto volatility and macro-liquidity concerns, urging traders to verify official notices, trading rules, and security details before acting on market chatter.
Large US banks are preparing a tokenized deposit network by 2027 to enable round-the-clock blockchain payments while keeping deposits inside the regulated banking system.
