Coinbase now owns the exchange, the broker, and the clearinghouse.
The same technology moving Iran’s money just went live inside Citi.
Senate Democrats published a report Monday finding that 84% of 846 Iran-linked wallets moved money almost entirely in Tether. Citi announced the same day that its corporate clients can now accept stablecoin payments, with Coinbase handling the conversion. One technology, two customers, twenty-four hours apart.
Scott Melker reads the report closely and thinks the political story is thinner than the headline. Tether says it helped freeze nearly $550 million in Iran-linked funds this year. He also covers Coinbase clearing its own derivatives and Goldman opening a $100 billion fund to crypto firms.
Timestamps
0:03 One technology, two customers
0:50 What the Senate report actually found
2:31 Tether’s answer, and the $550 million
4:12 The conflict-of-interest theory, and why Scott doubts it
6:04 Citi and Coinbase wire into each other
8:18 Real adoption is when nobody notices
9:30 Coinbase clears its own trades now
12:25 Goldman brings $100 billion to crypto desks
13:51 The restaking boom quietly ended
#Tether #Stablecoins #Citi #Coinbase #Iran #CryptoRegulation #YahooFinance
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