Kraken joins accelerating effort to bridge TradFi, crypto
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Many continue to expect massive growth in stablecoin usage and the broader tokenization space — particularly with US legislation in the offing.
The product-market fit of stablecoins in particular is becoming more and more evident. So it’s not surprising that banks are reportedly exploring the possibility of coming together to issue their own.
“The prospect of a consortium of leading US banks entering the cryptocurrency market with a joint stablecoin demonstrates how crypto native products may now be driving the evolution of financial markets,” Mercuryo COO Greg Waisman said in an email.
Outside of stablecoins, demand…
