Lummis urges banks to embrace stablecoin payments
Cynthia Lummis said banks should adopt stablecoins and crypto services rather than resist them, arguing digital assets offer new products and revenue opportunities for financial institutions.

Finance journalist at Grafa. Covers tech, crypto, and markets, making complex finance clear for all. Passionate about innovation and trends.
Cynthia Lummis said banks should adopt stablecoins and crypto services rather than resist them, arguing digital assets offer new products and revenue opportunities for financial institutions.
Stellantis (NYSE:STLA) reported a significant recovery in its fourth-quarter global shipments on Friday, buoyed by a powerful 43% surge in North America that offset persistent cooling in the European market.
Multiliquid and Metalayer Ventures have launched an institutional liquidity facility that enables instant redemption of tokenised real-world assets into stablecoins on Solana.
Polymarket has partnered with Circle to migrate its platform from bridged USDC on Polygon to Circle-issued native USDC, marking a shift toward direct stablecoin settlement as prediction markets grow.
BioArctic (NASDAQ:B) reported a sharp rise in royalty income for the final quarter of 2025, as the global rollout of its Alzheimer’s treatment Leqembi continues to gain traction across major markets.
Toyota Motor (NYSE:TM) announced a major leadership transition on Friday, appointing Chief Financial Officer Kenta Kon as its next President and CEO to spearhead a "nimble" turnaround after a bruising quarter marked by a 43% drop in profit.
Hyperliquid’s HYPE token rose 6.2% on February 5 after the platform confirmed an integration with Ripple, bucking a broader crypto market sell-off.
BPH Global (ASX:BP8) has partnered with Indonesia’s BRIN to commercialise high-value seaweed bioactive Fucoidan for the global anti-ageing and personal care markets.
MB Gold (ASX:MBG) has commenced trading on the ASX on Feb. 6 following a highly successful initial public offering.
Impact Minerals (ASX:IPT) announced a metallurgical breakthrough, identifying a standalone development pathway to produce high-value Sulphate of Potash and hydrochloric acid from lake clays at its Lake Hope and Salmon Gums projects.
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