Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Published: September 2, 2026

Duration: 12:06

Podcast Summary

Wall Street's largest banks are preparing their own stablecoin infrastructure while the London Stock Exchange Group and Kraken work toward tokenized UK stocks. Matt looks at whether bank-issued stablecoins can realistically challenge Tether and Circle, why stablecoin-yield rules could give traditional banks a competitive advantage, and how Robinhood's blockchain activity fits into the broader convergence between traditional finance and crypto-native markets. 


The infrastructure story extends into AI and security. Hut 8's massive data-center agreements show how quickly Bitcoin miners are becoming AI infrastructure companies, while Ripple prepares the XRP Ledger for future q...