Bank of America, Stripe, Revolut Lead Stablecoin Charge: TradFi Giants Race to Launch Digital Currencies in Cross-Border Payments Push
- Major banks and fintechs enter the stablecoin market to compete in cross-border payments.
- Regulatory acceptance grows, boosting institutional confidence in stablecoins.
- Tether and Circle remain dominant, but competition intensifies as firms seek market share.
Some of the world’s biggest banks and fintech firms are racing to launch their own stablecoins. They aim to grab a share of the expanding cross-border payments market.
According to the Financial Times, Bank of America, Standard Chartered, Revolut, and Stripe have signaled plans to issue their own digital assets. This move will allow them to directly challenge stablecoin leaders Tether and Circle.
TradFi Giants Eye Stablecoin Market Share, Challenging Crypto-Native Leaders
The shift comes as stablecoins become a real part of the financial system. This trend also shows a change from past skepticism, especially after the failure of Meta’s Libra stablecoin plan six years ago.
Importantly, the trend is growing further under the Trump administration, which has embraced cryptocurrencies..
Stablecoins Gain Mainstream Acceptance Beyond Just Crypto
The surge in stablecoin development has been …
The post Bank of America, Stripe, Revolut Lead Stablecoin Charge: TradFi Giants Race to Launch Digital Currencies in Cross-Border Payments Push appeared first on Coin Edition.
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Bank of America, Stripe, Revolut Lead Stablecoin Charge: TradFi Giants Race to Launch Digital Currencies in Cross-Border Payments Push
- Major banks and fintechs enter the stablecoin market to compete in cross-border payments.
- Regulatory acceptance grows, boosting institutional confidence in stablecoins.
- Tether and Circle remain dominant, but competition intensifies as firms seek market share.
Some of the world’s biggest banks and fintech firms are racing to launch their own stablecoins. They aim to grab a share of the expanding cross-border payments market.
According to the Financial Times, Bank of America, Standard Chartered, Revolut, and Stripe have signaled plans to issue their own digital assets. This move will allow them to directly challenge stablecoin leaders Tether and Circle.
TradFi Giants Eye Stablecoin Market Share, Challenging Crypto-Native Leaders
The shift comes as stablecoins become a real part of the financial system. This trend also shows a change from past skepticism, especially after the failure of Meta’s Libra stablecoin plan six years ago.
Importantly, the trend is growing further under the Trump administration, which has embraced cryptocurrencies..
Stablecoins Gain Mainstream Acceptance Beyond Just Crypto
The surge in stablecoin development has been …
The post Bank of America, Stripe, Revolut Lead Stablecoin Charge: TradFi Giants Race to Launch Digital Currencies in Cross-Border Payments Push appeared first on Coin Edition.
Read More
Circle Gets Regulatory Go-Ahead in Abu Dhabi as USDC Growth Accelerates