Will crypto banking soon be just like fiat banking?
Or better yet, will there soon be no difference at all?
With the Federal Reserve ending a key chokepoint restriction, and Coinbase partnering with PayPal, the line between crypto and fiat financial services is becoming thinner and thinner.
That sets up the entire crypto sector, from Bitcoin to the best altcoins altcoins and meme coins, for ever-greater success.
Here’s what the latest developments mean.
Federal Reserve Ends Crypto Banking Restriction
Back in 2023, after the epic FTX collapse, the Federal Reserve, FDIC, and Office of the Comptroller of the Currency all required banks and financial institutions to give prior notice to regulators before undertaking crypto activities.
‘Operation Chokepoint 2.0,’ as crypto folks call it, served to limit collaborations.
But now, with the Trump administration changing the crypto landscape, that restriction has been removed. It adds another level of legitimacy and enhances the accessibility of crypto.
Importantly, the change of rules doesn’t give crypto-focused banks access to so-called ‘master accounts,’ required for Fed members to access the central bank’s services.
Those master accounts are a must-have for any crypto bank to meaningfully serve customers nationwide.
So far, the Fed has refused to give any crypto bank master account access. Will the abolition of the chokepoint be a first step towards that goal?
Coinbase Boosts PayPal; Can Stablecoins Break Through Like ChatGPT?
It feels like PayPal might somehow be flying under the radar, but the company still managed to generate nearly $32B in profit in 2024, when $1.6T was spent on the platform.
In late 2023, the company launched its PayPal USD stablecoin ($PYUSD). Its $888M market cap places it among the top 75 cryptocurrencies.
Now, Coinbase is partnering with PayPal to give $PYUSD a bit of a boost. The centralized exchange will waive purchase fees for $PYUSD and make it easier for users to swap the stablecoin 1:1 for USD; that could make the stablecoin an attractive on- and off-ramp option for crypto-to-fiat moves.
If Coinbase and PayPal can help to make stablecoins mainstream, that could in turn boost broader adoption. Some analysts see stablecoins as on the verge of a ‘ChatGPT moment,’ ready to move from fringe use cases to an integral part of everyday life.
There’s already been considerable growth in recent months.
Continued growth could send the stablecoin market cap – currently $211M – skyrocketing to new levels.
According to a report from Citigroup, a best-case scenario could see a combined stablecoin market cap of $3.7T by 2030.
Even their low-end estimate sees stablecoins reaching $1.6T.
With stablecoins growing and the Federal Reserve moving further towards crypto approval, are the scales tilting back towards altcoins again?
The market is certainly more favorable for non-Bitcoin cryptos than it used to be. Here are three of the best altcoins to keep your eyes on.
1. SUBBD Token ($SUBBD) – Blockchain Innovation for the Content Creator Economy
SUBBD Token ($SUBBD) brings the blockchain to the content creator economy. Relationships between creators and fans are vital for the success of content creators, and $SUBBD token brings increased clarity and ease of access to the growing SUBBD platform.
Token benefits include:
- Exclusive content access
- VIP staking benefits
- Platform discounts
- Beta access
- Loyalty and rewards programs
There’s a flat 20% APY on $SUBBD tokens for the first year, after which staking moves towards a platform benefits model. The more you stake, the more XP multipliers you’ll receive on the SUBBD platform.
Content creation is an established market sector worth over $85B; $SUBBD token could transform it entirely. The platform provides a suite of AI tools for better content management for creators and gives fans access to exclusive content such as behind-the-scenes and live streams.
Learn how to buy $SUBBD token, and see why we think the token price – currently $0.05525 – could reach $0.301 by the end of the year. The presale is heating up; the project has raised over $255M already.
Visit the $SUBBD presale page today.
2. Best Wallet Token ($BEST) – The Best Altcoin in the $11B Non-Custodial Wallet Sector
Best Wallet Token ($BEST) powers a next-gen crypto wallet with an intuitive interface and features tailored for beginners and power users alike.
The wallet allows users to quickly and easily buy, sell, and swap crypto. It’s built to be the only wallet you’ll ever need, and comes loaded with features to find the next big thing in crypto – such as the Upcoming Tokens section.
There, users can find and research some of the best crypto presales, making it easy to get in on tomorrow’s potential winners today.
$BEST token holders also gain:
- Access to exclusive features
- Bigger staking rewards
- Governance rights
- Reduced transaction fees
All told, $BEST supercharges an already powerful Best Wallet app ecosystem. Early investors can increase their earnings even further by staking $BEST during the presale at 127% APY; learn how to buy Best Wallet tokens in our guide.
Our analysis shows the potential for $BEST to reach $0.072 in 2025 on the back of a successful presale, which has already raised $11.8M.
3. Ondo Finance ($ONDO) – Crypto Financial Products Gone Mainstream
Ondo Finance ($ONDO) is bridging TradFi and DeFi by offering tokenized exposure to real-world assets. Aimed at institutional investors, Ondo provides exposure to short-term US Treasuries with $OUSG and yield from stablecoins with $USDY.
Those are institution-only products, but everyday investors can snag $ONDO for indirect exposure.
The altcoin is up nearly 21% in the past week, making big gains on the back of better and better news for the broader crypto regulatory landscape. As institutions increasingly look for compliant crypto exposure, Ondo is positioning itself as a go-to platform.
The project made the news recently for meetings between its CEO Nathan Allman and officials from the SEC. The discussions focused on tokenizing publicly traded US securities, offering yet another investment vehicle for major financial institutions.
With $BEST, $ONDO, and $SUBBD, Tokenization Takes Root
The best altcoins are gaining steam, as investors look for projects that offer unique ways to get in early and potentially ride the next wave of gains.
As always, do your own research – none of this is financial advice. Crypto remains volatile, and you should only invest what you can afford to lose.
But each of these best altcoins brings major upside potential in a market looking for ways to expand crypto adoption and take advantage of a crypto-friendly regulatory environment.
