Some of the world’s largest financial institutions are rushing to launch their own stablecoins, aiming to grab a slice of a cross-border payments market they expect will be redrawn by cryptocurrencies. Their enthusiasm has been fuelled by growing acceptance among regulators around the world that stablecoins could become a more accepted part of the financial system.
| less than a minute read
Banks and fintech companies join ‘stablecoin gold rush’
“It’s about people selling shovels in the stablecoin gold rush.”
