People familiar with the matter said that due to concerns that customers are taking too high risks, Lead Bank has curtailed cooperation with some stablecoin payment companies in recent months and added restrictions on countries and industries that can accept customers. Other industry sources said that due to stricter scrutiny of user identity and funding sources, transaction settlement time and account opening time have also been extended. Lead Bank's move is significant because it is currently one of the few banks that are still willing to process US dollar payments for stablecoin users. Most well-known stablecoin payment startups, such as Stripe's Bridge, BVNK, and Brale, rely on Lead Bank to provide services for users who want to exchange between fiat and cryptocurrency.

People familiar with the matter said that due to concerns that customers are taking too high risks, Lead Bank has curtailed cooperation with some stablecoin payment companies in recent months and added restrictions on countries and industries that can accept customers. Other industry sources said that due to stricter scrutiny of user identity and funding sources, transaction settlement time and account opening time have also been extended. Lead Bank's move is significant because it is currently one of the few banks that are still willing to process US dollar payments for stablecoin users. Most well-known stablecoin payment startups, such as Stripe's Bridge, BVNK, and Brale, rely on Lead Bank to provide services for users who want to exchange between fiat and cryptocurrency.