In this episode of the Crypto Daily Download, we dive into the latest developments in the cryptocurrency world. Discover how U.S. dollar-backed stablecoins could potentially withdraw around $500 billion from U.S. banks by 2028, with regional banks facing the most exposure. We discuss insights from Geoff Kendrick, the global head of digital asset research at Standard Chartered. Learn about Gemini Trust’s decision to shut down its digital art token marketplace, Nifty Gateway, and what it means for users as they transition to a withdraw-only mode. We highlight Mesh Connect’s recent $75 million funding round that has propelled its valuation to $1 billion, and its ambitious plans to expand into new regions, including Latin America, Asia, and Europe and get the scoop on Digital Edge’s $4.5 billion investment to build one of Indonesia’s largest data center campuses, designed to support AI and deliver significant IT capacity. Jane King with the latest from the NYSE.
