KeyCorp CEO: Stablecoins Have Great Potential, Plans to Offer Cryptocurrency Trading and Custody Services to Clients
Odaily Planet Daily reported that Chris Gorman, CEO of KeyCorp, which manages $185 billion in assets, stated that stablecoins have "broad prospects" and are a high-quality solution for clients. In an interview with CNBC's "Squawk on the Street," Gorman discussed U.S. stablecoin legislation, noting that stablecoins are faster, cheaper, and superior, making them "a truly premium solution for clients." He emphasized the value storage function of stablecoins, saying that KeyCorp's clients want to hold stablecoins in their wallets, and the bank will facilitate this. Regarding concerns that stablecoins might erode bank deposits, Gorman acknowledged this as a threat but not an immediate one, adding that "the industry will respond." The bank plans to offer cryptocurrency trading and storage services to clients through its banking platform. (CNBC)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s net supply increased by 17,333 in the past 7 days, with an annual supply growth rate of 0.748%
Trader Eugene: With BTC Regaining the $120,000 Mark, ETH Is Poised to Break Through $4,000
Trader Eugene: ETH Appears Resilient, Has Opened Long Positions on ETH and SUI
Trending news
MoreCrypto prices
More








