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10 Comments
2025 is going to be an amazing year.
“(Bloomberg) — Until recently, banks watched from the sidelines with envy as stablecoin market leader Tether Holdings boasted of billions in profits. Now they want in.”
Banks want Tether’s profits, Companies want MSTR’s price action, that ‘magic internet money’ turned out quite well.
tldr; Banks are increasingly interested in entering the stablecoin market, inspired by Tether Holdings’ significant profits. European banks like Societe Generale and Oddo BHF are developing Euro-backed stablecoins, while US banks await regulatory clarity. Visa is collaborating with banks globally to issue stablecoins, and Standard Chartered is part of a Hong Kong pilot program. Despite the potential profits, banks face risks such as liquidity issues and regulatory challenges. Central banks are also exploring digital currencies, which could impact the future of bank-issued stablecoins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I hope that banks will finally allow us to use them for crypto without any problems.
*”You mint magic internet money and we want that too”*
Me too.
RLUSD gonna go crazy
Is “wetting their eyes” a phrase?
Fuck traditional banks.
TradFi wants those charges.