Financial Shares Slip as Yields Climb

Dow Jones
09/29

Shares in the financial sector pulled back among another rise in Treasury yields to multiyear highs.

Citigroup taps crypto company Coinbase Global to help the bank's big clients take stablecoin payments from customers. It is the latest sign that efforts to connect traditional banking and the alternative financial system that powers cryptocurrencies are pushing ahead despite a recent setback for the crypto industry in Washington.Cryptocurrencies such as bitcoin haven't become widely used in day-to-day payments. But consumer and business payments are a potential growth area for stablecoins that are designed to digitally represent traditional currencies like the U.S. dollar. Citi's institutional clients, including large multinational corporations, will be able to accept stablecoin payments from their customers at checkout through Citi's merchant-processing services. Coinbase will supply the stablecoin payment rails and underlying blockchain technology that automatically converts the digital currency into government-issued currency, and Citi will settle the funds as the bank of record.

 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10