Stablecoin Bill Launches Coinbase 27%, Potentially Impacting the Payments Industry
Coinbase plans to incorporate stock trading into its business model
- |
- Written by Banking Exchange staff
Coinbase stock was up 27%, going from $242 to $308 per share.
The catalyst was the passage of the Stablecoin bill, as Coinbase plans to incorporate stock trading into its business model.
If legislation is approved, it would compete with Charles Schwab Corp. and other companies offering stock trading services and expand beyond cryptocurrencies.
Tokenizing equities is a process in which shares of a company are converted into a digital token, similar to how cryptocurrencies are traded.
The legislation will not only impact trading, it could also transform the payments industry and impact the banking industry.
Tagged under Payments; Blockchain; Bitcoin; Cryptocurrency; Stablecoin; Coinbase; Feature; Feature3;
Related items
- Social Engineering Is Changing the Fraud Prevention Game for Banks and Credit Unions
- Revolut Gains Conditional US Banking License
- Billions in Iranian Funds Continue to Flow Through US Banks
- Anthropic Nears Decision on Banks for Potential $2 Trillion IPO
- Why the Banks Growing Fastest Aren't the Ones That Know Their Customers Best
