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The world financial sector is experiencing a shift as top banks and fintech firms are ready to introduce their stablecoins. The stablecoin gold rush is fueled by the growing embrace of digital currencies and their capacity to transform cross-border payments. Industry titans such as Bank of America, Stripe, PayPal, and Standard Chartered are joining this, looking to use stablecoins for quicker, more streamlined transactions. With the entire stablecoin market worth around $210 billion, financial institutions believe they can compete with current players such as Tether and Circle.
