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Stock impact report

Regional Banks Declare War on Stablecoins With ZKsync-Based Cari Network [Yahoo! Finance]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: Yahoo! Finance
Five major U.S. regional banks just launched a direct assault on the private stablecoin market. The consortium unveiled the Cari Network today, a blockchain-based payment rail built on ZKsync that enables instant settlement of tokenized deposits without funds leaving the insured banking perimeter. This marks the most significant attempt yet by traditional finance to reclaim the settlement layer from dominant non-bank issuers like Tether and Circle. Key Takeaways: The Cari Network leverages ZKsync's “Prividium” technology to offer private, compliant execution for institutional crypto transactions. Unlike USDT or USDC, Cari tokens remain liabilities of the issuing bank, maintaining FDIC insurance eligibility and simplifying compliance with stablecoin regulations Participating lenders, including Huntington and KeyCorp, are targeting a Q3 2026 rollout to prevent deposit flight to faster crypto-native alternatives. The Regional Bank's ZKsync Move Explained The Cari Network is Show less Read more
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