When Stablecoins Became Plumbing and Third-Party Custody Lost Its Crown: A 2025 Case Study

https://blogfreely.net/neasalnfbo/h1-b-how-banks-quietly-took-custody-of-tokenized-watches-50k-trading-cards

How a Cross-Border Payments Startup Nearly Collapsed When Custody Rules Changed In early 2025, Atlas Payments - a mid-stage tech company processing cross-border remittances for 120,000 active customers - found itself holding the wrong kind