Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Stripe CEO says stablecoins will force banks to offer users real interest on deposits, US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October with billions in inflows, and a crypto executive predicted the Bitcoin price cycle will endure.
Stripe CEO Patrick Collison said that stablecoins will force banks to offer competitive interest rates to customers due to the rise of yield-bearing stablecoin options.
Collison cited average savings rates offered for customer deposits in the United States and Europe, which all came in well below 1%, as ripe for disruption by stablecoins. He wrote:
Read more