Why Stablecoins Are the One Thing Crypto and Banks Can Agree On
One might expect that traditional banks and crypto natives rarely get excited about the same things, but stablecoins are proving to be the exception. Not so long ago, the combined market cap of the top stablecoins pushed past $200 billion, which, of course, hasn’t gone unnoticed.
Why Banks Are Interested in Stablecoins
Stablecoins offer a way for institutions to tap into the crypto economy, and banks see the potential to turn that access into profit. Banks also have the potential to issue stablecoins by converting dollars into tokens and then invest the underlying fiat in safe, interest-bearing assets like U.S. Treasury bonds. However, adoption will remain slow until banks can obtain regulatory compliance and…
