Speaking to the participants of Digital Banking Conference, McColi focused the attention of the listeners on the unique capabilities of the cryptocurrency market, which operates in 24/7 mode, unlike the traditional banking sector, where the operations are suspended after 16:00 and on weekends.
The general director of Anchorage drew the attention of bankers to the possibility of receiving additional income by issuing loans secured by cryptocurrencies and proposed compensating for the volatility of digital assets due to higher requirements for support.
McColi emphasized that now is the best time to integrate and enter American banks into the sphere of digital assets. In addition, he noted that the current policy of the US administration supports the development of stablecoins, which opens up prospects for the release of their own digital currencies and their integration into client deposits, although this will require new infrastructure and cooperation with the main banking providers.
Earlier, a member of the Council of Management of the US Federal Reserve System, Christopher Waller, proposed to create rules that would allow banks to produce stablecoins tied to the US dollar.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
