Payment giant Stripe has reportedly held early discussions with banks about potentially integrating stablecoins, signaling growing acceptance in global banking.
Citigroup, a renowned global bank, nearly made a trillion-dollar error last year. In April, it mistakenly transferred $81 trillion to a customer, an error that could have been disastrous for the bank.
The spot Bitcoin exchange-traded funds ended a streak of significant daily outflows on Friday, February 28, gaining nearly $100 million in value to close the week. However, it may be premature to determine if this recent capital influx into these crypto-based products signals a change in investor sentiment.
Last month, the TRUMP meme coin and another coin linked to Melania Trump became instant sensations, quickly hitting multi-billion-dollar valuations hours after debuting. However, the excitement faded as TRUMP coin's price plummeted over 80% from its peak, causing significant losses for many buyers. This has drawn scrutiny from regulators and finance officials.