๐ฅ FIREBLOCKS: 90% of Banks Launching Stablecoins
According to Fireblocks, a leading crypto custody and infrastructure platform, 90% of global banks are now working on launching or experimenting with stablecoins.
๐ก Key Drivers Behind the Surge:
โข Cross-border B2B payments โ Traditional systems like SWIFT are slow and costly.
โข Transaction speed & efficiency โ Stablecoins offer real-time settlements.
โข Lower fees โ Reducing intermediaries means cheaper transactions.
โข Transparency & security โ Blockchain tech ensures immutable and auditable records.
๐ฆ What This Could Mean for the Future:
โข Mass adoption of blockchain in traditional finance.
โข Increased interoperability between banks and digital assets.
โข New regulatory frameworks will likely emerge to govern stablecoin issuance.
๐ช Bonus Insight:
This also puts pressure on CBDC (Central Bank Digital Currency) initiatives โ if private banks are this aggressive, central banks may need to accelerate their efforts.