📣FIGURE | CRYPTO-BACKED LOANS & ~9% RWA YIELD https://bankless.cc/Figure --- Ryan and David break down a week where war hit markets, and the safe-haven playbook broke down. Oil spiked, gold failed, bonds sold off, the dollar caught the flight to safety, and crypto somehow bounced right through it. Then they unpack Trump’s public pressure campaign against banks over stablecoin yield, Kraken’s historic Fedwire breakthrough, and why crypto is starting to look less like an outsider and more like part of the fin ...

LATEST: ⚡ Kraken has been granted a Federal Reserve master account, giving it direct access to the Fedwire interbank payment network. https://t.co/tTwgn5wkD7 ...

circle getting direct fed payment rail access through skinny master accounts. no more dependency on signature bank type failures. $2.5b annual revenue at current $75b usdc supply. fed conference confirmed stablecoins as critical infrastructure. circle at $29b market cap processing more volume than most banks. direct fedwire integration coming. ...