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Stripe, Revolut, and other banks and fintechs rush to launch stablecoins; there are ~$210B in stablecoins issued globally, including Tether printing $142B

Bank of America and Stripe target market for payments in cryptocurrencies  —  Some of the world's largest banks and fintechs …

Financial Times

Related Coverage

Discussion

  • @katebevan.com Kate Bevan on bluesky
    Think this gets to the crux of why stablecoins are suddenly the flavour of the month, tbh www.ft.com/content/d033...  [image]
  • @smtuffy Tuffy on bluesky
    What if we took the systemically risky parts of money market funds and combined them with crypto and allowed banks to operate outside of banking regs? www.ft.com/content/d033...
  • @jsphctrl.ft.com Joseph Cotterill on bluesky
    “Elon Musk's SpaceX uses [stablecoins] to repatriate funds from selling Starlink [equipment] in Argentina and Nigeria” - some advice to Starlink, do not leave hostages to fortune when it comes to working around Nigerian FX regulations. www.ft.com/content/d033...