This opinion piece from Lamine Brahimi, Managing Parter of digital asset custody and tokenization technology firm Taurus, explores how banks can embrace digital currency.
Blockchain is entering its glory days, and while Bitcoin is making headlines for new record highs and heavy institutional inflows into spot BTC exchange-traded funds (ETFs), stablecoins are arguably emerging as the most widely adopted blockchain-based tool today, destined to onboard the masses.
For evidence, look no further than the bevy of big banks mulling over issuing their own stablecoins. From initiatives involving JPMorgan, Citigroup, and other major banks — to France’s Societe Generale becoming the first major bank to launch a dollar-backed stablecoin.
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