WASHINGTON-Credit unions could step up to the plate to fix the problem themselves in a much less painful way by depositing up to $15 billion in the corporates, providing additional liquidity and obviating need to liquidate underwater assets - and realize all those as-yet unrealized losses - to cover any liquidity demands.
"This will take time to build and is certainly not assured," CUNA spokesperson Pat Keefe observed, noting that CUNA is working on this, as well.
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.
The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
Most banks are likely not large enough to not support stablecoins and tokenized deposits on their own, creating a new way for legacy IT firms to compete with fintechs.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.
