Banking software provider Matera believes it has solved key barriers preventing banks from offering stablecoins: the custody problem that creates both operational headaches and risks as well as other implementation barriers.
Stablecoins face adoption challenges with mainstream consumers who dislike the friction of onboarding with crypto exchanges and blockchain complexity. They might prefer using stablecoins through banks, but banks have been reluctant due to custody concerns and the fact that core banking systems can’t handle stablecoins’ extended decimal places.
Beyond the banking opportunities covered below, the interview with Matera CEO Carlos Netto contained more strategic insights than we can paraphrase. Tomorrow we’ll publish a transcript for his complete perspective.
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