*� Charles Schwab Goes Full Crypto — Bitcoin, Ethereum & a Stablecoin on Deck

Wall Street’s most polished player just rolled up its sleeves and went degen.

*� Quick Hits

• 💰 Q2 client assets: 10.76T (+14% YoY)
• 📈 Transaction revenue: 952M (+23%)
• 🪙 BTC & ETH spot trading incoming
• 🏦 Stablecoin talks underway with major banks

*� Schwab Winks at Web3

Charles Schwab — yeah, that TradFi titan with 10.76 trillion in client dough — just gave Bitcoin and Ethereum the greenlight.

On the Q2 earnings call, CEO Rick Wurster didn’t bury the lead:

“We are progressing toward offering spot trading for Bitcoin and Ethereum — a significant growth area for us.”

Five years ago? That quote would've been crypto career suicide. Today? 🚀 It’s institutional validation. Schwab isn’t hedging — it’s diving in.

*� TradFi Flex Before Crypto Blitz

Let’s talk numbers. Q2 was a banger:

• 952M in transaction revenue (+23% YoY)
• 10.76T in client assets — record high
• 🆕 1M+ new brokerage accounts

Rick Wurster called it a win for retail and advisors:

“Retail investors and independent investment advisors continued to view Schwab as a trusted partner.”

Translation? Schwab’s got trust. Now it wants blockspace.

*� Stablecoins? Oh, It’s On

But wait — there’s more. Schwab’s not stopping at BTC and ETH.

“We’re evaluating both consortium-based and independent approaches to stablecoins.”

🔥 Read between the lines: Schwab is eyeballing Circle’s lunch. Whether it builds a stablecoin solo or links up with legacy banks, the intent is loud and clear — dominate the rails.

💥 Stablecoin war brewing? Bet on it.

*� Why This Is a Big Damn Deal

Let’s break it down:

• 🏛️ A 10T+ TradFi icon is onboarding crypto.
• 🔐 It’s offering spot trading — not just derivatives.
• 📣 Moves like this pressure rivals (hi, Fidelity 👀).

Crypto's not a sideshow anymore — it’s front-row finance.

*� The Bigger Picture

This is the TradFi x Crypto endgame in motion.

When Schwab — a brand boomers trust with their retirements — starts onboarding Bitcoin, Ethereum, and possibly launches a regulated stablecoin?

That’s not innovation. That’s a paradigm shift.

Next up: Fidelity, Merrill, maybe even Vanguard. The dominoes are lined up.

⚡️ TL;DR

Schwab's not playing defense. They're bringing spot BTC and ETH trading to the masses — plus brewing a stablecoin with big bank backing. With 10.76T in client assets, Schwab just anointed crypto as a core pillar of modern finance.