HSBC

The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

The London-based firm says the deal underscores growing institutional demand for blockchain oversight as banks move deeper into digital assets.

The banks have joined the Canton Foundation, the governance organization that runs the Canton Network.