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.

 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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