The Rise of Stablecoins Amid Regulatory Developments
Major banks and fintech companies are entering the stablecoin market, aiming to revolutionize cross-border payments. Institutions like Bank of America, Standard Chartered, PayPal, Revolut, and Stripe are exploring opportunities traditionally dominated by Tether and Circle. This trend is bolstered by increasing regulatory acceptance and the potential for stablecoins to offer cost-effective, immediate alternatives to conventional banking systems, especially in emerging markets.