Fitch Ratings warns of US banks' cryptocurrency exposure risks, may reassess ratings of related banks

2025-12-09 01:42:30

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According to DeepFlow TechFlow, on December 9, Cointelegraph reported that international credit rating agency Fitch Ratings issued a report warning that US banks with “significant” cryptocurrency exposure may face negative reassessment.

Fitch Ratings stated that while cryptocurrency integration can enhance fees, returns, and efficiency, it also introduces “reputational, liquidity, operational, and compliance” risks for banks. The report noted that stablecoin issuance, tokenization of deposits, and the application of blockchain technology offer banks opportunities to improve customer service, but banks need to adequately address challenges such as cryptocurrency price volatility, the pseudonymity of digital asset owners, and protection against digital asset theft.

The report also emphasized that if the stablecoin market grows large enough to impact the scale of the Treasury market, it could pose systemic risks. Major banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are all involved in the cryptocurrency sector.

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