Asia’s Banks Look to Stablecoins (USDC, USDT) to Prevent Deposit Flight
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While stablecoins (USDT, USDC) dominated U.S. headlines last month amid the GENIUS Act and Circle’s (CRCL) blockbuster IPO, Asia’s quieter yet strategic adoption is reshaping the region’s cross-border finance.
Asian banks increasingly see stablecoins like USDT and USDC as defensive tools against deposit flight and lost transaction revenue. Behind the scenes, stablecoins are already playing an important role in the region’s financial plumbing.
Fireblocks’ Head of Asia, Amy…
