Andrew Gomez on Nostr: BREAKING: Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act ...
BREAKING: Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act Holdup
https://cryptorank.io/news/feed/0f444-banks-unveil-bankchain-alliance-to-rival-crypto-stablecoins "Thirty-nine U.S. banking associations led by the Texas Banking Association formed the BankChain Alliance to build a 24/7 permissioned, bank-governed blockchain by 2027 to stem client and capital flight into blockchain-based stablecoins. The network will offer tokenized deposits, FDIC-compliant fully backed stablecoins and smart-contract settlements, is recruiting a technology partner and named former CFPB director Kathy Kraninger interim chair; coming amid a stalled CLARITY Act with a vote next month, the move accelerates regulated crypto adoption and could reshape stablecoin competition and DeFi/CEX flows."
Published at
2026-08-26 06:06:17 UTCEvent JSON
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"content": "BREAKING: Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act Holdup https://cryptorank.io/news/feed/0f444-banks-unveil-bankchain-alliance-to-rival-crypto-stablecoins \"Thirty-nine U.S. banking associations led by the Texas Banking Association formed the BankChain Alliance to build a 24/7 permissioned, bank-governed blockchain by 2027 to stem client and capital flight into blockchain-based stablecoins. The network will offer tokenized deposits, FDIC-compliant fully backed stablecoins and smart-contract settlements, is recruiting a technology partner and named former CFPB director Kathy Kraninger interim chair; coming amid a stalled CLARITY Act with a vote next month, the move accelerates regulated crypto adoption and could reshape stablecoin competition and DeFi/CEX flows.\"",
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