TLDR Tech / Fintech
FinTech in Focus: Stablecoin competition, new crypto banks, and X Money
The Milken Institute highlights intensifying competition across stablecoins and digital banking, including the launch of consortium-backed Open USD, a wave of OCC trust bank charters, and growing interest in tokenized deposits and yield-bearing digital dollars. The newsletter also examines X Money's US rollout with Cross River Bank, as Elon Musk pushes X toward an “everything app” while regulators scrutinize the consumer protection and financial stability implications.
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