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Standard Chartered has launched bitcoin trading in the United Arab Emirates, Bitcoin Magazine reports. The UAE joins other markets where the bank has introduced spot bitcoin trading in recent years.
Standard Chartered has launched institutional spot trading for Bitcoin and Ether in the UAE, Cointelegraph reports. The bank said it is the first major global bank to provide this access in the region.
A 21-bank consortium including Goldman Sachs and Bank of America plans to launch a U.S. dollar stablecoin in the first half of 2027, with a euro version planned afterward, Decrypt reports.
Cornell University surveyed 25,880 people about Bitcoin use. Bitcoin Magazine reports that, despite limited technical understanding among many users, the asset is proving useful for some when traditional banking services fail.
Twenty-one major financial institutions, including Bank of America and Citi, are positioning themselves around stablecoins as Standard Chartered estimates the tokens could remove about $500 billion from US bank deposits by 2028.
Bitcoin traded near $77,000 as central bank rate decisions took center stage. ADP reported private-sector job growth of 38,000, below forecasts and the weakest level since January, CoinDesk reported.
Citi, Goldman Sachs and other global banks and asset managers are teaming up on a stablecoin venture. The project will begin with a U.S. dollar token for payments and digital-asset settlement, with a euro token planned for expansion.
Russia’s Sberbank estimates $46.4 billion in crypto trading volume during the first year of the country’s market buildout. Bitcoin is expected to be popular as Russia accelerates crypto regulation.
Russia’s regulated cryptocurrency exchanges could process more than $46 billion in trading volume during their first year after legalization, based on an estimate from the country’s largest bank, Cointelegraph reported.
Sberbank plans to add Ether and USDT to the assets accepted as collateral for crypto-backed loans, CoinDesk reports. The plan follows the Bank of Russia’s draft inclusion of both tokens for public trading on Russian exchanges.
Sber plans to accept USDT and Ether alongside Bitcoin as loan collateral as Russia introduces regulated crypto trading. The bank has also questioned demand for the digital ruble, Cointelegraph reports.
Blockchain payment infrastructure is challenging Swift’s established role, while bankers argue its 11,500-institution network can absorb the technology. Crypto executives instead see blockchain as a potential replacement for Swift.
